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Management Accounting

Management Accounting


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About the Book

The objective of this book is to convey a foundation knowledge of management accounting practice within the context of relevant theory. The book situates management accounting in its social and organisational context, before examining costing, decision-making, planning and control and performance measurement. The book is particularly well illustrated with examples, exercises and graded questions to ensure that students have plenty of opportunity to apply the techniques they have studied. Management Accounting: Practice and Theory is aimed at students of accounting, finance and business taking a first course in management accounting, at either undergraduate or professional level.

Table of Contents:
1. Introduction to management accounting Defects of financial reports from a manager's point of view What is management and cost accounting? Managers and the management accounting process Some useful features of cost and management accounting information Organisation of the rest of the book 2. Management Accounting and Organisations Theories of organisations and management Motivation and incentives 3. Product and Services Costing Costing in Business Product Costing Costing of Products Traditional costing: is it still relevant? Costing of services 4. Activity-based costing Principles of ABC ABC: implementation The use of ABC in practice Benefits, constraints and problems in applying ABC 5. Pricing The relationship between price and quantity Competition in the market How do producers decide on prices? Market-based pricing Special cases Pricing in context 6. Marginal Costing and Short-Term Decision-Making Issues in decision-making Cost variability Marginal costing for decision-making Cost-volume-profit analysis Further applications of break-even in practice Special decisions Limitations of analysis based on marginal costing 7. Capial Investment Decisions Capital investment in context Simple appraisal techniques More complex appraisal techniques Choosing between projects Strengths and weaknesses of the common investment appraisal techniques The social context of decision-making Investment appraisal in practice 8. Budgets The relationship between strategy and budget setting Principal types of budget The budget process Setting the budget: a practical example Monitoring outcomes Budgeting and its benefits and drawbacks 9. Accounting for Control Organisational control mechanisms Standard costing, flexible budgeting and variance analysis Standard costing Overhead variances Investigating the reasons for variances Standard costing: issues and problems 10. Divisional performance and transfer pricing Divisionalisation: advantages and drawbacks Measurements fo divisional performance: return on investment, residual income, economic value added Introduction to transfer pricing Transfer pricing problems and issues: conflict between divisions, sub-optimal decisions and tax consequences 11. Issues in management accounting Information for strategic management Market orientation: analysis of markets, competitors and activities The balanced scorecard Non-financial performance measurement

About the Author :
Catherine Gowthorpe BA FCA is an ICAEW Chartered Accountant with over thirty years' experience as a lecturer and researcher in higher education in the UK and Spain. For many years, she was an examiner for two of the UK’s leading professional accounting bodies. She has published many articles on accounting and related areas such as auditing and professional ethics.

Review :
1. Introduction to management and cost accounting. 2. Management Accounting and Organizations. 3. Product and Services Costing. 4. Activity-based costing. 5. Pricing. 6. Marginal Costing and Decision Making. 7. Capital Investment Decisions. 8. Budgets. 9. Accounting for Control. 10. Performance measurement. 11. Themes and issues in management accounting.


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Product Details
  • ISBN-13: 9781844802043
  • Publisher: Cengage Learning EMEA
  • Publisher Imprint: Cengage Learning EMEA
  • Edition: New edition
  • Language: English
  • Spine Width: 246 mm
  • Width: 190 mm
  • ISBN-10: 1844802043
  • Publisher Date: 11 Jul 2008
  • Binding: Paperback
  • Height: 19 mm
  • No of Pages: 334
  • Weight: 902 gr


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