Strategic Management Accounting: Theory and Practice provides a broad social science framework to understand the subject of management accounting in organizational contexts. The framework would help the student understand the relationships between management accounting, organizations, and society. It is argued that such an understanding would help the student in pursuing meaningful research to generate knowledge useful to improve the practice of accounting. The book also provides the latest techniques of strategic management accounting incorporating results of several years of research. They represent the state of the market technology of strategic management accounting. A large number of exhibits have been incorporated to enrich understanding of these techniques. Each of these techniques is presented in a comprehensive manner to enhance understanding of relevant technical details and ends with a discussion on the related contemporary issues. First of its kind by an Indian author, the book is written for post-graduate and research students in the area of accounting, finance, and Control. It is also useful to those who are working in the Industry.