Managerial Uses of Accounting Information
An invitation to study managerial uses of accounting information and how accounting information is used in the management of an organization. Three themes run throughout the book. First, the accounting system is thought of as a library of financial statistics. Answers to a variety of questions are unlikely to be found in prefabricated format; but valuable information awaits those equipped to interrogate the library. Second, the information in the accounting library is not likely to be the only information at the manager's disposal. So knowing how to combine accounting and non-accounting information is an important, indeed indispensable, managerial skill. Finally, the role of a professional manager is emphasized. The book also makes demands on the reader. It assumes the reader has had prior exposure to financial accounting, to economics, to statistics, and to the economics of uncertainty. A modest acquaintance with strategic, or equilibrium, modelling and linear programming and the ability to take a simple derivative is also presumed.
- Hardback | 676 pages
- 170.18 x 236.22 x 17.78mm | 476.27g
- 01 Feb 1994
- Kluwer Academic Publishers
- Boston, MA, United States
- references, index
Table of contents
Classical Foundations. Financial Reporting Influences. Economic Behaviour under Uncertainty. Product Costing. Product Costing: Heterogeneous Products. Standard Product Costs. Joint Costs and Cost Allocation. Alternative Costing Environments. Library Integrity: Internal Control. Framing Decisions. Applications of the Framing Principles. Extraction from the Accounting Library. Large versus Small Decisions: Short Run. Large versus Small Decisions: Long Run. Competitive Response. Library Procedures for Performance Evaluation. Managerial Performance Evaluation. Evaluation Based on Controllable Performance. Responsibility Accounting. Communication and Budget Participation. Co-ordination. Interdivision Co-ordination. A Dynamic Perspective.