Accounting Management: Information for Decisions
This book describes the context and role of accounting in business. Some theoretical frameworks are provided. It is hoped that this will provide a foudation for reader's understanding that accounting is more than a technical subject but is grounded in competing theories.The book shows the readers how accounting information is used in decision-making, planning and contol. The accounting tools and techniques are explained. Theory is integrated with the tools and techniques which students will find very useful in understanding the subject.
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absorption costing accounting information accounting practices accounting research accounting systems achieve activities activity-based costing agency theory analysis approach argued assets Balanced Scorecard behaviour budget Business Managers business units calculated cash flow companies complex concerned context contingency theory control systems cost centre cost drivers cost of capital cost system cost-plus pricing customers decision-making decisions developed direct labour divisional economic efficiency emphasized environment example expenses financial reports fixed costs Foucaultian function identified important improvement income increase influence interpretive inventory issues labour hours machine hours management accounting management control managerial accounting manufacturing matching principle materials method net present value operations Otley overhead allocation product costs product/service profit purchase rational reflected regional General Managers relations relationships relevant cost result role selling price shareholder value social standard cost strategy suppliers support departments target traditional understanding variable costs variance volume