Accounting for Managers Interpreting Accounting Information for Decision Making 1st Edition by Paul Collier ISBN 978-0470845028 0470845023
Original price was: $50.00.$35.00Current price is: $35.00.
Accounting for Managers Interpreting Accounting Information for Decision Making 1st Edition by Paul M. Collier – Ebook PDF Instant Download/Delivery: 978-0470845028, 0470845023
Full download Accounting for Managers Interpreting Accounting Information for Decision Making 1st Edition after payment
Product details:
ISBN 10: 0470845023
ISBN 13: 978-0470845028
Author: Paul M. Collier
Accounting for Managers explains how accounting information is used by non-financial managers. The book emphasises the interpretation, rather than the construction, of accounting information and encourages a critical, rather than unthinking acceptance, of the underlying assumptions behind accounting. It links theory with practical examples and case studies drawn from real life business situations in service, retail and manufacturing industries.
Table of contents:
PART I
Context of Accounting.
1 Introduction to Accounting
Accounting, accountability and the account
A short history of accounting
The role of management accounting
Recent developments in management accounting
A critical perspective
Conclusion
References.
2 Accounting and its Relationship to Shareholder Value and Business Structure
Capital and product markets
Value-based management
Accounting and strategy
Structure of business organizations
A critical perspective
Conclusion
References.
3 Recording Financial Transactions and the Limitations of Accounting
Business events, transactions and the accounting system
The double entry: recording transactions
Extracting financial information from the accounting system
Principles and limitations of accounting
Cost terms and concepts
Conclusion
References.
4 Management Control, Management Accounting and its Rational-Economic Assumptions
Management control systems
Management planning and control systems and management acco
Non-financial performance measurement
Strategic management accounting
A theoretical framework for management accounting
Conclusion
References
5 Interpretive and Critical Perspectives on Accounting and Decision-Making.
Alternative paradigms
The interpretive paradigm and the social construction perspective
Culture, control and accounting.
The radical paradigm and critical accounting
Power and accounting
Conclusion
References.
6 Constructing Financial Statements and the Framework of Accounting
Financial accounting
Reporting profitability
Reporting financial position
Accruals accounting
Depreciation
Reporting cash flow
Working capital.
Managing debtors
Managing stock
Managing creditors
A theoretical perspective on financial statements.
Agency theory
Conclusion
References
PART II
Using Accounting Information for Decision-Making, Planning and Control
7 Interpreting Financial Statements and Alternative Theoretical Perspectives
Interpreting financial statements
Ratio analysis
Profitability
Liquidity
Gearing.
Activity/efficiency
Shareholder return
Interpreting financial information using ratios
Case study: Ottakar’s – interpreting financial statements
Alternative theoretical perspectives on financial statements
Social and environmental reporting
Intellectual capital
Institutional theory
Case study: Carrington Printers an accounting critique
Creative accounting and ethics
Conclusion
References.
8 Marketing Decisions
Marketing strategy
Cost behaviour
Cost-volume-profit analysis
Alternative approaches to pricing
Cost-plus pricing
Target rate of return pricing
Optimum selling price
Special pricing decisions
Transfer pricing.
Segmental profitability
Case study: Retail Stores PLC – the loss-making division
Case study: SuperTech – using accounting information to win sales
Conclusion
References
9 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
Make versus buy?
Equipment replacement
Relevant cost of materials
Other costing approaches
Total quality management
Cost of quality
Case study: Quality Printing Company – pricing for capacity
utilization
Case study: Vehicle Parts Co. – the effect of equipment replacement
on costs and prices
Conclusion
References
10 Human Resource Decisions
The cost of labour
Relevant cost of labour
Business processes and activity-based costs
Case study: The Database Management Company – labour costs and unused capacity
Case study: Trojan Sales – the cost of losing a customer
Conclusion
References
11 Accounting Decisions
Cost classification
Calculating product/service costs
Shifts in management accounting thinking
Alternative methods of overhead allocation
Contingency theory
International comparisons.
Management accounting in Japan
Behavioural implications of management accounting.
Case study: Quality Bank – the overhead allocation problem
Conclusion
References.
12 Strategic Investment Decisions
Strategy
Investment appraisal
Accounting rate of return
Payback
Case study: Goliath Co. – investment evaluation
Conclusion: a critical perspective
References.
Appendix: Present value factors
13 Performance Evaluation of Business Units
The decentralized organization and divisional performance
measurement
Return on investment
Residual income
Controllability
Case study: Majestic Services – divisional performance measurement
Transfer pricing
Transaction cost economics
Conclusion: a critical perspective
References.
14 Budgeting
What is budgeting?
The budgeting process
Retail budget example: Sports Stores Co-operative Ltd.
Manufacturing budget example: Telcon Manufacturing
Cash forecasting
Cash forecasting example: Retail News Group
Theoretical perspectives on budgeting
Case study: Svenska Handelsbanken – is budgeting necessary?
Conclusion
References.
15 Budgetary Control
What is budgetary control?.
Flexible budgeting
Variance analysis
Variance analysis example: Wood’s Furniture Co.
Reconciling the variances
Criticism of variance analysis
Cost control.
Conclusion
References
PART III
Supporting Information
16 Research in Management Accounting, Conclusions and Further
Reading
and theory in management accounting
Research Conclusion: revisiting the rationale
References
Further reading
17 Introduction to the Readings
A Cooper and Kaplan (1988). How cost accounting distorts product
costs
B Otley, Broadbent and Berry (1995). Research in management
control: An overview of its development.
C Covaleski, Dirsmith and Samuel (1996). Managerial accounting research: The contributions of organizational and sociological
theories
D Dent (1991). Accounting and organizational cultures: A field study of the emergence of a new organizational reality
People also search for:
accounting explained
accounting officer vs accounting manager
accounting manager titles
interpreting in accounting
interpreting management accounts