By Paul M. Collier
Accounting for Managers explains how accounting info is utilized by non-financial managers. The e-book emphasizes the translation, instead of the development, of accounting info and encourages a severe, instead of unthinking recognition, of the underlying assumptions at the back of accounting. It hyperlinks idea with sensible examples and case stories drawn from genuine existence company events in carrier, retail and production industries.
Paul M. Collier applies a managerial method of convey find out how to:
- Understand the connection among approach, company occasions and fiscal info.
- Use accounting info in making plans, decision-making and keep watch over.
- Identify the innovations that underlie the development of accounting stories and the restrictions of accounting numbers.
The publication has been written for MBA and different postgraduate scholars, undergraduate scholars who're venture classes in accounting that don't result in expert accreditation, and non-financial managers who desire a larger realizing of the function of accounting of their enterprises.
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Extra info for Accounting for Managers: Interpreting Accounting Information for Decision-Making
Sample text
Otley, D. and Scapens, B. (2001). British management accounting research: Whence and whither: Opinions and recollections. British Accounting Review, 33, 263–91. Johnson, G. and Scholes, K. (1997). Exploring Corporate Strategy. London: Prentice Hall. Mintzberg, H. (1994). The fall and rise of strategic planning. Harvard Business Review, Jan–Feb, 107–14. Otley, D. (2001). Extending the boundaries of management accounting research: Developing systems for performance management. British Accounting Review, 33, 243–61.
This has been particularly difficult in the telecoms industry, where income that should have been spread over several years has been taken up earlier, or where expenditure has been treated as an asset in order to improve reported profits. When this last practice was disclosed, it was a significant cause of the difficulties faced by WorldCom. Monetary measurement Despite the importance of market, human, technological and environmental factors, accounting records transactions and reports information in financial terms.
And Scapens, B. (2001). British management accounting research: Whence and whither: Opinions and recollections. British Accounting Review, 33, 263–91. Johnson, G. and Scholes, K. (1997). Exploring Corporate Strategy. London: Prentice Hall. Mintzberg, H. (1994). The fall and rise of strategic planning. Harvard Business Review, Jan–Feb, 107–14. Otley, D. (2001). Extending the boundaries of management accounting research: Developing systems for performance management. British Accounting Review, 33, 243–61.