Book excerpt: A simple guide to making managerial decisions based on cost data. Cost Accounting & Management Essentials You Always Wanted To Know: 5th Edition condenses the vast world of cost accounting and management into a practical, compact guide. In this book, the conceptual frameworks of cost accounting and management are presented with practical examples that help solidify the learner’s understanding. With this book, professionals will become acquainted with the key cost accounting terminology and will learn how to manage their company’s resources to achieve organizational goals. This new edition includes an exciting new chapter on Customer Profitability, updated chapter contents, and real-world examples that will help learners to understand how to use cost accounting tools to make decisions to benefit their organizations. With this book, readers will be able to: Explore the world of Cost Accounting Conduct Cost-Volume-Profit (CVP) Analysis for your company Learn to use Activity-based Costing Understand concepts of Cost Allocation and Control Make decisions using relevant cost information Discover the difference between Customer and Product Profitability Analysis Cost Accounting & Management Essentials is ideal for working professionals moving into management roles. This book will also be useful to senior management and individuals who need to understand cost accounting numbers. About the Series Cost Accounting & Management Essentials is part of the Self-Learning Management Series that is designed to help students, professionals, and entrepreneurs learn essential management lessons. This series of books is written by industry experts who have combined their vast work experiences into relevant, concise, and practical handbooks that appeal to learners from all spheres of life.