This updated and revised fourth edition of Accounting for Managers builds on the international success of the previous editions in explaining how accounting is used by non-financial managers. Emphasizing the interpretation rather than the construction of accounting information, Accounting for Managers encourages a critical, rather than an unthinking acceptance of accounting techniques. Whilst immensely valuable for planning, decision-making and control, users of accounting information need to recognize the assumptions behind, and the limitations of particular accounting techniques. As in the previous editions, Accounting for Managers links theory with practical examples and case studies drawn from real business situations across a wide range of manufacturing, retail and service industries.

InhaltsangabePART I: CONTEXT OF ACCOUNTING 1. Introduction to Accounting. 2. Accounting and its Relationship to Shareholder Value and Corporate Governance. 3. Recording Financial Transactions and the Principles of Accounting. 4. Management Control, Management Accounting and its Rational-Economic Assumptions. 5. Interpretive and Critical Perspectives on Accounting and Decision-Making. PART II: THE USE OF FINANCIAL REPORTS FOR DECISION-MAKING 6. Constructing Financial Reports: IFRS and the Framework of Accounting. 7. Interpreting Financial Reports and Alternative Perspectives. 8. Accounting for Inventory. PART III: USING ACCOUNTING INFORMATION FOR DECISION-MAKING, PLANNING AND CONTROL 9. Accounting and Information Systems. 10. Marketing Decisions. 11. Operating Decisions. 12. Human Resource Decisions. 13. Accounting Decisions. 14. Strategic Investment Decisions. 15. Performance Evaluation of Business Units. 16. Budgeting. 17. Budgetary Control. 18. Strategic Management Accounting. PART IV: SUPPORTING INFORMATION. Readings Glossary of Accounting Terms Solutions to Questions Index