The aim of the book is to acquaint the readers with a conceptual understanding on various principles of cost accounting in a logical and systematic manner. This book intends to provide practical knowledge on various methods and techniques of cost accounting. It helps students in learning the basics of cost accounting and gathering information it needs to make important decisions. It also provides exhaustive treatment of various concepts and principles of cost accounting. This will enable students and professionals to understand and use accounting data in various managerial decisions. This knowledge will help students in exploring many career opportunities available in the field of cost accounting. Students and professionals will get benefitted by using relevant cost data in making various business decisions. The materials available in this book will cater well to the needs of the desired target group of students and the book will turn out to be a student friendly textbook.