Accounting for Managers

Interpreting Accounting Information for Decision Making

Author: Paul M. Collier

Publisher: John Wiley & Sons

ISBN: 111900294X

Category: Business & Economics

Page: 544

View: 5444

"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"--
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Accounting For Managers, Interpreting Accounting Information for Decision-making

Author: CTI Reviews

Publisher: Cram101 Textbook Reviews

ISBN: 1490276432

Category: Education

Page: 78

View: 5162

Facts101 is your complete guide to Accounting For Managers, Interpreting Accounting Information for Decision-making. In this book, you will learn topics such as as those in your book plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.
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Marketing Management 4E

Author: Rajan Saxena

Publisher: Tata McGraw-Hill Education

ISBN: 9780070144910

Category: Marketing

Page: 883

View: 8245

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Accounting for Managers, Paul M. Collier, 2003

Accounting for Managers,

Author: John Wiley & Sons, Inc

Publisher: Bukupedia

ISBN: N.A

Category: Business & Economics

Page: 496

View: 7084

Rationale for the book This book was motivated by the author’s experience in teaching accounting at postgraduate level (MBA and MSc) at Aston Business School and in-house training provided for non-financial managers in many organizations to introduce them to the use of financial tools and techniques. My own education as an accountant was aimed at achieving professional recognition and emphasized an uncritical acceptance of the tools and techniques that I was taught. It was only after moving from financial to a general management position in industry that I began to see the limitations and questionable assumptions that underlay these tools and techniques. When I returned to study later in my career, I was exposed for the first time to alternative paradigms from which to view accounting. This book is therefore as much a result of my practical experience as a producer and user of accounting information as it is a result of my teaching and training experience. As accounting increasingly becomes decentred from the accounting department in organizations, line managers in all functional areas of business are expected to be able to prepare budgets, develop business cases for capital investment, and exercise cost control to ensure that profit targets are achieved. Managers are also expected to be able to analyse and interpret accounting information so that marketing, operations and human resource decisions are made in the light of an understanding of the financial implications of those decisions. I was disappointed by the books available to support teaching and training because most books on accounting have a similar format that is accounting-centric: chapters typically cover accounting techniques rather than the types of decisions made by non-financial managers. The emphasis in those books, many of which are designed for people whose career aspirations are to become accountants, is on doing accounting rather than using accounting. This book has been written for the vast majority of postgraduate students and practising managers who do not want to become professional accountants. The book therefore has a practitioner-manager orientation. The title of the book, Accounting for Managers: Interpreting Financial Information for Decision-Making, emphasizes the focus on accounting to meet the needs of xiv ACCOUNTING FOR MANAGERS managers. The material contained in the book stresses the interpretation (rather than the construction) of accounting information as well as a critical (rather than unthinking) acceptance of the underlying assumptions behind accounting. It is suitable for postgraduate and undergraduate students who are undertaking courses in accounting that do not lead to professional accreditation, and to practising non-financial managers who need a better understanding of the role of accounting in their organizations. There is a focus in most accounting books on manufacturing organizations, perhaps because many of those books have been issued as revised editions for many years and have not adequately reflected the changing nature of the economies in the developed world. The growth of service businesses and the knowledge economy is not sufficiently explored in most accounting texts. This book uses examples, case studies and questions that are more equally balanced between the needs of organizations in manufacturing, retail and services. In most accounting books there is also insufficient attention to theory, particularly for postgraduate students who should have a wider theoretical underpinning of accounting as it is used in organizations. Theory should encourage the reader to enquire more deeply into the alternative theoretical positions underlying accounting as well as its social and behavioural consequences, both within their own organizations and in the wider society. This book therefore introduces the reader to some of the journal literature that is either fundamental to the role of accounting or is ‘path breaking’. The book is not intended to be deeply theoretical, but rather provides, through the ample references in each chapter, an accessible route for those who want to reach into the wider literature. Accounting books are often inaccessible to those from non-English-speaking backgrounds, because of the complexity of the language used. Many of the examples and questions in typical accounting books rely on a strong knowledge of the nuances of the English language to interpret what the question is asking, before students can make any attempt to answer them. This book adopts a more plain English style that addresses the needs of European and Asian students. Finally, the examples in most accounting books focus on the calculations that accountants perform to construct accounting reports, rather than on the interpretive needs of managers who use those reports. While some calculation questions are needed to ensure that readers understand how information is produced, the emphasis for the non-financial manager should be on critical understanding and questioning of the accounting numbers and of the underlying assumptions behind those numbers, and on the need to supplement accounting reports with non-financial performance measures and broader perspectives than satisfying shareholder wealth alone. Outline of the book The book is arranged in four parts. The first part describes the context and role of accounting in business. Some theoretical frameworks are provided. It is hoped that this will provide a foundation for readers’ understanding that accounting PREFACE xv is more than a technical subject but is grounded in competing theories. These theories are themselves rooted in historical, political, economic and social causes. The theoretical framework should help to make the subject more meaningful to students and practitioners alike. Although the reader is encouraged to read Part I, the arrangement of the book is such that the reader can commence in Part II, where the analysis and interpretation of accounting begin. For example, those readers with a good business understanding may omit Chapters 1 and 2. Those who understand the basics of accounting can omit Chapter 3. These first three chapters are provided for those students who are coming to a business studies course for the first time, although even the experienced reader will find some value in them. Readers may not want to read the theoretical Chapters 4 and 5 until they are further into Part II; however, the theory in each of the chapters in Part II will be more understandable after reading Chapters 4 and 5. Those readers who have undertaken a course in financial accounting may have already covered much of the material in Chapters 6 and 7. Again, this book is intended to be a complete coverage of the subject for students and readers with no prior experience of accounting and Chapters 6 and 7 provide an important basis for understanding management accounting. The second part of the book shows the reader how accounting information is used in decision-making, planning and control. In this second part the accounting tools and techniques are explained, illustrated by straightforward examples. Case studies, drawn mainly from real business examples, help draw out the concepts. Theory is integrated with the tools and techniques and the use of quotations from original sources should encourage the reader to access the academic accounting literature. A critical approach to the assumptions underlying financial information is presented, building on the theoretical framework provided in Chapters 4 and 5. The third part provides a wealth of supporting material. Chapter 16 suggests an approach to research in accounting. Chapter 17 introduces four readings from the accounting literature. These cover the spectrum of the literature and support the most important concepts in the book. They present four different yet complementary perspectives on accounting in organizations. Each reading has several questions that the reader should think about and try to answer in order to help understand the concepts. The third part ends with an extensive glossary of accounting terms. The use of bold in the text highlights that the meaning of the term is outlined in the glossary. The fourth part of the book contains an appendix of questions and case studies to enable readers to test their understanding of the concepts described in the book. The questions in Appendix 1 cover each chapter and rely on knowledge gained from reading that and preceding chapters. Consequently, there is a greater level of detail involved in questions about the later chapters. Attempting these questions will help the reader to understand how accountants produce information needed by non-accounting managers. An understanding of accounting tools and techniques is important in using the results of these tools and techniques for decision-making. Appendix 2 contains answers for all the questions. xvi ACCOUNTING FOR MANAGERS The case studies in Appendix 3 help in developing the ability to interpret and analyse financial information produced by an accountant for use by nonaccounting managers in decision-making. Each is identified with the chapters that will aid understanding, interpretation and critical analysis of the case. Appendix 4 contains a suggested answer for each case, although the nature of such cases is that there is rarely a single correct answer, as different approaches to the problem can highlight different aspects of the case and a range of possible solutions
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Accounting for Managers

Author: Anne Abraham,John J. Glynn,Michael Murphy

Publisher: Cengage Learning EMEA

ISBN: 9781844809127

Category: Business & Economics

Page: 584

View: 2597

Accounting for Managers is an established introductory survey text. The approach taken emphasises the conceptual underpinnings of the subject, and views it from the point of view of managersa need for information. Not least the book emphasises the increasing importance of general managers understanding the role played by their accounting and financial management colleagues. The book gives an appreciation of the three traditional subject divisions of financial accounting, management accounting and finance. The book is broad in scope and encompasses accounting for public sector as well as private sector organisations. The book gives students on executive or general MBA courses an overview of the role of accounting and finance in business, and is also suitable for undergraduates of business and management studies.
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Shareholder-Value

ein Handbuch für Manager und Investoren

Author: Alfred Rappaport

Publisher: N.A

ISBN: 9783791013749

Category:

Page: 244

View: 1983

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Accounting, Google eBook

Business Reporting for Decision Making

Author: Jacqueline Birt,Keryn Chalmers,Suzanne Byrne,Albie Brooks,Judy Oliver

Publisher: John Wiley & Sons

ISBN: 1118256697

Category: Business & Economics

Page: 655

View: 2818

Accounting: Business Reporting for Decision Making 3rd edition is written for students who are required to complete a one semester unit on introductory accounting, the text covers the basic principles of financial accounting, management, finance as well an introduction to ethics in business and corporate governance. The focus of text is on the application and interpretation of typical business reports and how accounting information is used in business decision-making processes. The text emphasises the conceptual and business application of accounting and accounting information, providing clear explanations and applications so students appreciate the significant role of accounting information in all business environments.
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Accounting Essentials for Hospitality Managers

Author: Chris Guilding

Publisher: Routledge

ISBN: 1135021023

Category: Business & Economics

Page: 362

View: 1578

For non-accountant hospitality managers, accounting and financial management is often perceived as an inaccessible part of the business. Yet having a grasp of accounting basics is a key part of management. Using an 'easy to read' style, this book provides a comprehensive overview of the most relevant accounting information for hospitality managers. It demonstrates how to organise and analyse accounting data to help make informed decisions with confidence. With its highly practical approach, this new Edition: Quickly develops the reader's ability to adeptly use and interpret accounting information to further organisational decision making and control Demonstrates how an appropriate analysis of financial reports can drive your business strategy forward from a well-informed base Develops mastery of key accounting concepts through financial decision making cases that take a hospitality manager's perspective on business issues Presents accounting problems in the context of a range of countries and currencies Includes a new chapter that addresses a range of financial management topics that include share market workings, agency issues, dividend policy as well as operating and financial leverage Includes a further new chapter that provides a financial perspective on revenue management Includes accounting problems at the end of each chapter to be used to test knowledge and apply understanding to real life situations Offers extensive web support for instructors and students that includes powerpoint slides, solutions to end of chapter problems, test bank and additional exercises. The book is written in an accessible and engaging style and structured logically with useful features throughout to aid students’ learning and understanding. It is a key resource for all future hospitality managers.
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Financial Literacy for Managers

Finance and Accounting for Better Decision-Making

Author: Richard A. Lambert

Publisher: Wharton Digital Press

ISBN: 1613630174

Category: Business & Economics

Page: 176

View: 4260

The language of business In order to understand how your business is performing right now and to evaluate, assess, and devise new strategies to boost future performance, you need information. Financial statements are a critical source of the information you need. In direct and simple terms, Richard A. Lambert, Miller-Sherrerd Professor of Accounting at the Wharton School of the University of Pennsylvania, demystifies financial statements and concepts and shows you how you can apply this information to make better business decisions for long-term profit. You will learn to use and interpret financial data; find out what we can learn from Pepsi, Krispy Kreme, General Motors, and other companies; learn how to evaluate investment strategies; and apply your financial know-how to develop a coherent business strategy.
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Financial Accounting for Management

An Analytical Perspective

Author: Ambrish Gupta

Publisher: Pearson Education India

ISBN: 9788131722855

Category: Business & Economics

Page: 986

View: 2978

Financial Accounting for Management: An Analytical Perspective focuses on the analysis and interpretation of financial information for strategic decision making to enable students and managers to formulate business strategies for revenue enhancement, cost economies, efficiency improvements, restructuring of operations, and further expansion or diversification for creating and enhancing the shareholder's value. Though the book has MBA, MFC and MBE students as its primary audience, managers in the corporate sector and students of CA, CWA, CS, CFA and CAIIB will find it equally useful because of its practical orientation.
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Joint Ventures Involving Tax-Exempt Organizations, Third Edition 2012 Cumulative Supplement

Author: Paul M. Collier

Publisher: John Wiley & Sons (Canada)

ISBN: 9781118037966

Category: Managerial accounting

Page: 544

View: 7988

The Canadian edition of Accounting for Managers: Interpreting Accounting Information for Decision–Making builds on the success of the original textbook that was published in the United Kingdom. This book was motivated by a need for a “decision–focused” accounting textbook for both MBA and undergraduate programs. The title of the book emphasizes the focus on accounting to meet the needs of managers. The material contained in the book stresses the interpretation (rather than the construction) of accounting information as well as a critical (rather than unthinking) acceptance of the underlying assumptions behind accounting. It is suitable for postgraduate and undergraduate students who are undertaking courses in accounting that do not lead to professional accreditation, and to practicing non–financial managers who need a better understanding of the role of accounting in their organizations. This Canadian edition book has been adapted to include materials, examples and case studies with a Canadian focus. Part I provides a discussion of financial accounting, with particular focus on international financial reporting standards and practices. Part II concentrates on management accounting information for planning, decision–making and control, while Part III provides the supporting information including relevant readings that demonstrate some current research and literature in management accounting.
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Author: Terence Lucey,Terry Lucey

Publisher: Cengage Learning EMEA

ISBN: 9780826463609

Category: Business & Economics

Page: 732

View: 6750

This book provides thorough coverage of the theory and practice of cost accountancy. It is widely used as a course text both on accountancy and other courses. The text includes end of chapter summaries, self-review questions and longer exercises.
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Core Concepts of Accounting Information Systems

Author: Mark G. Simkin,Carolyn S. Norman,Jacob M. Rose

Publisher: John Wiley & Sons

ISBN: 1118742931

Category: Business & Economics

Page: 528

View: 7489

Knowing how an accounting information systems gather and transform data into useful decision-making information is fundamental knowledge for accounting professionals. Mark Simkin, Jacob Rose, and Carolyn S. Norman's essential text, Core Concepts of Accounting Information Systems, 13th Edition helps students understand basic AIS concepts and provides instructors the flexibility to support how they want to teach the course.
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Author: Bhattacharyya Debarshi

Publisher: Pearson Education India

ISBN: 9788131731789

Category: Managerial accounting

Page: 781

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Information for Decisions

Author: Robert W. Ingram,Bruce Baldwin

Publisher: Thomson South-Western

ISBN: 9780324024630

Category: Accounting

Page: 568

View: 8648

In this inspired new edition, the authors illustrate accounting not as a set of technical procedures to be memorized, but as a way of identifying and understanding business problems and a means for evaluating potential solutions. Now in its fourth edition, the primary goal of this text remains the same -- to teach students to understand a company's financial statement information. This unique organization introduces students to how a business uses accounting information and then emphasizes activities of the firm in the second half of the book. This engages students in the type of financing, investing and operating decisions that a firm has to make. The approach is especially ideal for students who will become users of accounting information because concepts - not procedures - are emphasized.
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Supply chain costing

Kostenmanagement in der Wertschöpfungskette mit Target Costing und Prozesskostenrechnung

Author: Stefan Seuring

Publisher: N.A

ISBN: 9783800627707

Category:

Page: 187

View: 1491

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