In the third edition of this textbook, several formal and content-related changes and updates have been incorporated, and the content has been particularly expanded in the chapter on Target Costing. The comprehensive overview of traditional and newer topics in cost accounting and cost management is maintained, as is the presentation of the systems of actual costing, standard costing, and process costing. The integration of the subject matter into the broader context of cost accounting, production planning, and production and cost accounting highlights the thematic connections. Through numerous illustrations and tables, as well as the exercises with solutions that follow each chapter, the material is conveyed to the reader, allowing for a successful assessment of the learned content.