The business organisations in today's world are witnessing opportunities and threats alike. Some organisations maximize opportunities and minimize threats to become leaders while those who cannot do so, vanish sooner or later. The focus is on improving the bottom line. To achieve this objective, a paradigm shift towards cost management techniques need to be undertaken and it is imperative both for practitioners and budding managers to comprehend the cost concepts, techniques and their management. This need has been fulfilled through the 26th revised edition of the book titled “Cost Accounting-Theory and Problems”. The inclusion of all latest concepts, upgradations and updations relevant to the topics are a special feature incorporated by the authors. The book provides an exhaustive coverage through FIVE sections divided into Twenty Three comprehensive chapters.