This guide, which is intended for new supervisors and managers to use in an independent study setting, deals with costing, balance sheets, and budgetary control. The first section, "Matters of Cost" by J. E. and J. F. Smith, deals with the following topics: profits and productivity, principles of costing, cost control and cost reduction, fixed and variable costs, budgets, overheads, marginal costing, and checklists for supervisors. In the second section, "Jones Learns about Balance Sheets" by B. A. C. Hills, the following topics are covered: how Jones became an industrialist; first steps in bookkeeping; the meaning of the term "profit"; debtors and creditors; the expansion of Jones's business; the formation of a limited company; ways of financing increased business; and profit, reserves, and dividends. The final section, "A Look at Budgetary Control" by J. E. Smith, discusses the following: objectives and their achievement; objectives of business; techniques of budgetary control; organizational requirements; budget periods; budgets; sales budgets; links with production planning and control; production and plant utilization budgets; labor force estimate and labor budgets; departmental production cost budgets; standards; purchases and store budgets; budgets for administration, sales, and distribution costs; general financial budgets; regular comparison of actual results with the budgets; and action. Sample balance sheets are appended. (MN)