This book discusses recent developments and the latest research in algebra and related topics. The book allows aspiring researchers to update their understanding of prime rings, generalized derivations, generalized semiderivations, regular semigroups, completely simple semigroups, module hulls, injective hulls, Baer modules, extending modules, local cohomology modules, orthogonal lattices, Banach algebras, multilinear polynomials, fuzzy ideals, Laurent power series, and Hilbert functions. All the contributing authors are leading international academicians and researchers in their respective fields. Most of the papers were presented at the international conference on Algebra and its Applications (ICAA-2014), held at Aligarh Muslim University, India, from December 15–17, 2014. The conference has emerged as a powerful forum offering researchers a venue to meet and discuss advances in algebra and its applications, inspiring further research directions.