Managerial accounting and finance are based on the fundamental principles that must be understood, learned and applied if one wishes to succeed in the business world. Managerial Accounting helps students to grasp the concept of managerial finance and accounting and to fully understand how to make business decisions and to evaluate performance. Includes detailed explanations. Set out in a logical sequence. Every chapter is as practical as possible. Completely up-to-date. Includes illustrative examples.