academic teaching experience in Germany and at international universities in South Africa, Malaysia, China, the Netherlands and South Korea. In this text book, the focus is on the application of methods and instruments. 'Management Accounting' follows a case study-based approach. All cases are derived from previous exam papers and are explained in detail.The text book starts with a case study of a manufacturing company and compares fi nancial accounting to managerial accounting. It covers two points of view: (1) a general management view, with aspects of business planning, cost-volume-profi t analysis, degree of operating leverage, mergers and cross-border acquisitions and risk valuation. (2) a cost accounting view with management accounting systems, fl exible budgeting, cost allocations, performance measurement and monitoring, reporting, calculation, manufacturing accounting (job order and process costing), activity based costing and multi-level contribution margin accounting. The website provides numerous exam tasks and complete solutions which are available in English.