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The main aim of this book is to facilitate easy understanding of the matter at one reading without any tediousness in grasping the theories and illustrations . Almost all the ilustrations have ben added at appropriate places and replacing the old ones. Table of contents: ✦ introduction ✦ management accounting ✦ managerialuses of financial statements ✦ analysis and interpretationof financial statements ✦ ratio analysis ✦ fund flowstatement ✦ cash flow statement ✦planning and control✦ working capital management ✦ marginal costing✦ standard costing ✦ standard costing-ii ✦ budget AND budgetary control ✦ capital budgeting✦ mis and reporting ✦ responsibility accounting✦ management audit ✦ prince level accounting.