The book is written after having a vast experience in teaching cost and management accounting in Universities and Professional candidates. The book is prepared to meet the needs and expectations of those who have or little knowledge on Managerial Accounting. I am optimistic that this book will be suitable to other stakeholders such as Lecturers in Managerial Accounting, Cost and Management Accounting, practitioners, MBA students, Management Accountants and Managerial Managers. It is my opinion that the intended audience particularly undergraduate students and candidates preparing for professional exams will find this book very useful. The primary aim of the book is to provide a detailed in a simplified approach. The illustrations, diagrams and tables provided make it simple to grasp the knowledge. The textbook covers 15 topics which are arranged systematically. At the end of each topic, there are review questions to test reader’s understanding. Illustrations and review questions are in a case study form thus strengthen the readers understanding and interrogate it to the practical situations. Each topic therefore has been extensively covered.