Accounting For Managers: Interpreting Accounting Information for Decision Making

Höfundur: Paul M. Collier (Útgáfa: 5)
Accounting For Managers: Interpreting Accounting Information for Decision Making

Kaup valmöguleikar

This revised and updated fifth edition of Accounting for Managers builds on the international success of the previous editions in explaining how accounting is used by non-financial managers. Emphasizing the interpretation rather than the construction of accounting information, Accounting for Managers encourages a critical, rather than an unthinking acceptance of accounting techniques. Whilst immensely valuable for planning, decision-making and control, users of accounting information need to recognize the assumptions behind, and the limitations of particular accounting techniques.

Nánar um bókina

Útgefandi
Wiley Global Education UK
ISBN
9781119097105
Print ISBN
9781119002949
Format
ePub
Útgáfa
5
Höfundar
Paul M. Collier
Tungumál
English
Útgefið
2015-06-01
Prent takmörkun á líftíma
100
Prent takmörkun
10
Afritunar takmörkun
2

Kaflar

  • Cover
  • Title page
  • Preface to the Fifth Edition
  • About the Author
  • Acknowledgements
  • PART I Context of Accounting
  • 1 Introduction to Accounting
  • Accounting, accountability, and the account
  • A short history of accounting
  • Introducing the functions of accounting
  • The role of financial accounting
  • The role of management accounting
  • Recent developments in accounting
  • The relationship between financial accounting and management accounting 12
  • A critical perspective
  • Conclusion
  • References
  • Questions
  • 2 Accounting and its Relationship to Shareholder Value and Corporate Governance
  • Capital and product markets
  • Shareholder value-based management
  • Shareholder value, strategy, and accounting
  • Company regulation and corporate governance
  • Risk management, internal control, and accounting
  • A critical perspective
  • Conclusion
  • References
  • Questions
  • 3 Recording Financial Transactions and the Principles of Accounting
  • Business events, transactions, and the accounting system
  • The double entry: recording transactions
  • Extracting financial information from the accounting system
  • Basic principles of accounting
  • Cost terms and concepts: the limitations of financial accounting
  • Conclusion
  • References
  • Questions
  • 4 Management Control, Accounting, and its Rational-Economic Assumptions
  • Management control systems
  • Planning and control in organizations
  • Non-financial performance measurement
  • A theoretical framework for accounting
  • Conclusion
  • References
  • Websites
  • Questions
  • 5 Interpretive and Critical Perspectives on Accounting and Decision Making
  • Research and theory in management control and accounting
  • Alternative paradigms
  • The interpretive paradigm and the social construction perspective
  • Culture, control, and accounting
  • The radical paradigm and critical accounting
  • Power and accounting
  • Creative accounting, ethics, and accounting
  • Conclusion
  • References
  • Questions
  • PART II The Use of Financial Statements for Decision Making
  • 6 Constructing Financial Statements: IFRS and the Framework of Accounting
  • International Financial Reporting Standards (IFRS)
  • Framework for the Preparation and Presentation of Financial Statements
  • True and fair view
  • Reporting profitability: the Income Statement and Statement of Comprehensive Income
  • Reporting financial position: the Balance Sheet or Statement of Financial Position
  • The matching principle and accruals accounting
  • Depreciation
  • Specific IFRS accounting treatments
  • Reporting cash flow: the Statement of Cash Flows
  • Differences between the financial statements
  • A theoretical perspective on financial statements
  • A critical perspective on financial statements and accounting standards
  • Conclusion
  • Reference
  • Websites
  • Appendix to Chapter 6: List of IFRS and FRS
  • Questions
  • 7 Interpreting Financial Statements
  • Annual Reports
  • The context of financial statements
  • Ratio analysis
  • Profitability
  • Liquidity
  • Gearing
  • Activity/efficiency
  • Working capital
  • Managing receivables
  • Managing inventory
  • Managing payables
  • Managing working capital
  • Shareholder return
  • The relationship between financial ratios
  • Interpreting financial statements using ratios
  • Using the Statement of Cash Flows
  • Limitations of ratio analysis
  • A wider view on corporate reporting
  • Intellectual capital
  • Institutional theory
  • Corporate social and environmental responsibility
  • Applying different perspectives to financial statements
  • Conclusion
  • References
  • Questions
  • 8 Accounting for Inventory
  • Introduction to inventory
  • Methods of costing inventory in manufacturing
  • Management accounting statements
  • Conclusion
  • Questions
  • PART III Using Accounting Information for Decision Making, Planning, and Control
  • 9 Accounting and Information Systems
  • Introduction to accounting and information systems
  • Methods of data collection
  • Big data
  • Types of information system
  • Business processes
  • Information systems design and controls
  • Conclusion
  • References
  • Questions
  • 10 Marketing Decisions
  • Marketing strategy
  • Cost behaviour
  • Cost–volume–profit analysis
  • Alternative approaches to pricing
  • Segmental profitability
  • Customer profitability analysis
  • Conclusion
  • References
  • Questions
  • 11 Operating Decisions
  • The operations function
  • Managing operations – manufacturing
  • Managing operations – services
  • Accounting for the cost of spare capacity
  • Capacity utilization and product mix
  • Theory of Constraints
  • Operating decisions: relevant costs
  • Supply chain management, total cost of ownership, and supplier cost analysis
  • The cost of quality
  • Environmental cost management
  • Conclusion
  • References
  • Questions
  • 12 Human Resource Decisions
  • Human resources and accounting
  • The cost of labour
  • Relevant cost of labour
  • Conclusion
  • References
  • Questions
  • 13 Overhead Allocation Decisions
  • Cost classification
  • The overhead allocation problem
  • Shifts in management accounting thinking
  • Alternative methods of overhead allocation
  • Differences between absorption and activity-based costing
  • Contingency theory
  • International comparisons
  • Behavioural implications of management accounting
  • Conclusion
  • References
  • Questions
  • 14 Strategic Investment Decisions
  • Strategy
  • Capital expenditure evaluation
  • Accounting rate of return
  • Payback
  • Discounted cash flow
  • Comparison of techniques
  • Conclusion
  • References
  • Appendix to Chapter 14: Present value factors
  • Questions
  • 15 Performance Evaluation of Business Units
  • Structure of business organizations
  • The decentralized organization and divisional performance measurement
  • Controllability
  • Comparison of methods
  • Transfer pricing
  • Transaction cost economics
  • Conclusion: a critical perspective
  • References
  • Questions
  • 16 Budgeting
  • What is budgeting?
  • The budgeting process
  • The profit budget
  • Cash forecasting
  • A behavioural perspective on budgeting
  • A critical perspective: beyond budgeting?
  • Conclusion
  • References
  • Questions
  • 17 Budgetary Control
  • What is budgetary control?
  • Variance analysis
  • Flexible budgets and sales variances
  • Flexible budgets and cost variances
  • Interpreting variances
  • Criticism of variance analysis
  • Applying different perspectives to management accounting
  • Conclusion
  • References
  • Questions
  • 18 Strategic Management Accounting
  • Trends in management accounting
  • Strategic management accounting
  • Accounting techniques to support strategic management accounting
  • Lean production, lean accounting, and backflush costing
  • Conclusion
  • References
  • Further reading
  • Questions
  • PART IV Supporting Information
  • Readings
  • Reading 1 Cooper and Kaplan (1988). How cost accounting distorts product costs
  • Reading 2 Dent (1991). Accounting and organizational cultures: a field study of the emergence of a new organizational reality
  • Glossary of Accounting Terms
  • Solutions to Questions
  • Index
  • End user license Agreement