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Management Accounting 5E explains the contemporary role of management accounting in organisations, demonstrating how it creates and enhances value for shareholders. The strategic and topical focus has been further developed and strengthened, new questions added, text-flow streamlined and extensive revisions of capital expenditure decisions, activity and target-based costings, corporate social responsibility, and supply chain management included. Students are given a thorough grounding in the principles and tools of management accounting and then walked through selected best-practice examples that leave them strongly placed to apply those principles themselves. References the management accounting practices of real-life companies.