By Paul M. Collier
This revised and up to date 5th variation of Accounting for Managers builds at the foreign good fortune of the former versions in explaining how accounting is utilized by non-financial managers.
Emphasizing the translation instead of the development of accounting details, Accounting for Managers encourages a serious, instead of an unthinking popularity of accounting techniques. while immensely helpful for making plans, decision-making and keep watch over, clients of accounting details have to realize the assumptions in the back of, and the restrictions of specific accounting techniques. As within the prior variations, the e-book hyperlinks thought with functional examples and case reviews drawn from actual enterprise events throughout a variety of production, retail and repair industries.
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Extra info for Accounting for Managers. Interpreting Accounting Information for Decision-Making
Otley, D. (2001). Extending the boundaries of management accounting research: Developing systems for performance management. British Accounting Review, 33, 243–61. Rappaport, A. (1998). Creating Shareholder Value: A Guide for Managers and Investors. (Revd. edn). New York, NY: Free Press. Roberts, J. and Scapens, R. (1985). Accounting systems and systems of accountability – Understanding accounting practices in their organizational contexts. Accounting, Organizations and Society, 10(4), 443–56. 3 Recording Financial Transactions and the Limitations of Accounting In order to understand the scorekeeping process, we need to understand how accounting captures information that is subsequently used for planning, decisionmaking and control purposes.
However, as mentioned above, the pressure on listed companies from analysts to meet stock market expectations of proﬁtability has resulted from time to time in ‘creative’ accounting practices (discussed in Chapter 7), such as those that led to problems at Enron and WorldCom. Disclosure The accounting standards and principles that have been applied in the ﬁnancial statements are described in the ﬁnancial reports. In the UK, there is a substantial body of principles governing what information is to be disclosed in ﬁnancial reports (see Chapter 6), although in the US the disclosure requirements are rule based rather than principle based.
The Age of Capital: 1848–1875. London: Phoenix Press. Hoskin, K. ) (1996). The ‘awful idea of accountability’: Inscribing people into the measurement of objects. In R. Munro and J. Mouritsen (eds), Accountability: Power, Ethos and the Technologies of Managing, International Thomson Business Press. Johnson, H. T. and Kaplan, R. S. (1987). Relevance Lost: The Rise and Fall of Management Accounting. Boston, MA: Harvard Business School Press. Otley, D. T. and Berry, A. J. (1994). Case study research in management accounting and control.