Management Accounting is one of the main and most important areas of companies. This textbook deals with its conceptual foundations and its applications. It covers methods and instruments of management and cost accounting, cost management and management control. It describes the managerial uses of accounting information, both for decision-making and decision-influencing, and provides a broad perspective on the subject covering common ground of academic education, recent fields that are in leading-edge discussion and issues little known outside of German-speaking countries. With this unique combination the book aims at bringing an economics-based perspective to the attention of a wider audience in Europe, the U.S. and the rest of the world.