This book is designed to cater to the needs of 5th and 6th semester B. Com students of Cost Accounting and Advanced Cost Accounting disciplines of University of Madras and other Universities in Tamil Nadu. The chapters in the book have been presented in a simplified way so that even self-learners can easily understand the concepts. Each chapter is supported with numerous illustrations from previous years’ question papers and chapter-end exercises. Additionally, several exercise problems have been listed with sufficient hints and answers. This will enable the students to work out the problems independently and face the examinations confidently.