* Challenging and provocative book * Shows how management accounting techniques can be integrated into the strategic decision making process * Extensive use of practical examples from a variety of contexts.An introduction to business strategy for management accountants, financial accountants or managers with an accounting orientation. The book places management accounting clearly within the context of strategic management of the business. Offers qualified accountants a sound introduction to strategic management, and with practical examples and mini-cases provided throughout, this book is comprehensive yet concise. Keith Ward addresses strategic management accounting as a continuous process of analysis, planning and control. Management accounting is about supplying the right information to the right people at the right time, and this can only be expressed in the context of the business strategy and strategic plan. The implementation of appropriate management accounting systems to complement different strategies is discussed in detail. Applications and examples include multinational organizations, non-profit organizations and varying organizational structures. Finally the author covers methods of using management accounting for strategic advantage.
In this situation, it makes sense for any managers, who are judged exclusively on
their ROI performance, to want to lease all the buildings occupied by their
businesses. The operating costs will be lower and so will the asset base used for
the ROI calculation. If the business does not want to forego the potential capital
gain from owning the building, it should change the way the managers' financial
performance is assessed. It is not logical to expect managers to behave
altruistically, ...
The book gives practical instruction and guidance in the use of accounting for effective control and higher profit in hotel and catering operations. The author covers all aspects of the subject, setting arguments and examples in a real context.
In order to ensure that we show the correct profit for each accounting period it is
essential to match revenue and expenses over time. This in accounting
terminology is referred to as accrual accounting. On the revenue side, itis
immaterial when ...
This textbook focuses on providing students with the theoretical background required to master the subject systematically and the necessary practical information, examples, exercises and case studies to enable them to translate their theoretical knowledge into practical application.
1 The difference between cost and management accounting and financial
accounting 1. 1. 1 Cost and Management Accounting This is the phase of
accounting that is concerned with providing information to managers, i.e. to those
inside an ...
Management Accounting: Principles and Applications adopts a new and accessible approach to helping readers understand how management accounting contributes to decisions in a variety of organizational contexts. This book sets out clear explanations of practical management accounting techniques in the context of the application of these techniques to decisions. It recognizes practice through case studies and summarizes published research. Uniquely, it examines the analytical and critical issues that often influence decision makers operating within private and public sector organizations.
In Chapter 1 we explained the meaning and nature of management accounting,
described the scope and content of the discipline, discussed past and current
issues in management accounting and, finally, outlined the factors which are ...
In order to survive in the changing business environment,organisations should rethink their strategic philosophy and the role of management accounting. The primary focus of this book is on techniques and concepts of cost and management accounting for strategic business decisions.It focuses on both conventional and contemporary issues.The book will serve as a reference source for practicing accountants, senior executives and managers working in human resources, operations, and accounting divisions. As the principal focus of this book is on conceptual foundations, it would also be ideal for courses in graduate programs such as master's degree, MBA or Executive MBA.
In order to survive organisations should rethink their strategic philosophy and the
role of management accounting. Management accounting systems exist to help
managers make economic decisions. In preparing and assessing their strategic ...
Utz Schäffer describes all scales, including the psychometric qualities as well as samples which have been used in great detail. Thus, the reader of this book can avoid reinventing the wheel as it will in many cases reduce the need to conceptualize, test, and validate a measure from scratch.
Flow Orientation of Cost Accounting [Flußorientierung der Kostenrechnung]
Scale Description The scale measures the extent to which a company's
accounting system contains abundant explicit logistics data. Origin The scale was
newly ...
