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The first edition of this book, namely " Readings in Accounting, Finance and Costing" was well received in Engineering and Management streams. This book was even recommended in syllabi of respective courses. The authors have revised the text of first edition in tune with the present course requirements. This new edition provides basic insights into Managerial economics, accounting, finance and costing. Process and mechanism of economic decision making Production processing. Art and Science of book keeping and accounting. Preparation of profit and loss account, and balance sheet. Financial analysis through exercises and real life situations. Various techniques of costing. The book would be useful to the students of engineering and management courses and new enterpreneures in acquiring basic knowledge of economics, accounting, finance and costing.