This book is an adaptation of the successful us text ‎"‎Cost management‎"‎ by hilton‎,‎ maher and selto‎,‎ written specifically for an international audience‎.‎ Major improvements include‎:‎ diverse and truly international examples of organizations ‎- examples used throughout the book are from all over the world and represent manufacturing‎,‎ retail‎,‎ not‎-for‎-profit‎,‎ and service firms in many different countries‎.‎ Completely restructured and rewritten text ‎- the book has been rewritten‎,‎ restructured and also shortened significantly to align content closer with international courses‎.‎ Integral use of spreadsheets ‎- spreadsheet software is used for explaining techniques and making applications more realistic‎.‎ In depth research ‎- summaries of international research studies that address important cost management issues have been updated and more references to recent research findings have been added‎.‎ Intuitive explanation of accounting ‎- the authors show directly how events impact the balance sheet and profit and loss account‎.‎