This volume is written for the future user of accounting information. While the preparation of accounting information is an important skill, this text focuses on the analysis of the information generated by the accounting system for both planning and control decisions. For this reason, business majors and current and future managers should benefit greatly from the material presented. Accounting majors will also gain a better understanding of how accounting information is used for effective planning and control within all types of organizations. The work has a strong conceptual framework. The concepts of organization theory and opportunity cost serve as the underlying framework to organize the analysis. In the early chapters when planning decisions are being explored, opportunity cost provides the foundation for this discussion. As the focus of the text moves to the control function, discussions of organization theory provide the foundation. This strong conceptual framework is supported by a CD-ROM that brings the material alive for the students.
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What is management accounting? How does it affect the decisions made in organizations and even the success or failure of organizations? In this new and innovative text, the authors present fresh perspectives on management accounting, assessing not only how it currently functions, but how different approaches can fundamentally change the way businesses operate.
This book's key argument is that management accounting is integral to an organization's strategy and the creation of shareholder and customer value. In vibrant business environments, management accounting systems must respond dynamically, adapting to changes in customer preferences, global competition and rapidly evolving technologies. Creating customer value through more effective management accounting increases the organization’s value.
In-depth analysis of the relationship between management accounting theory and practice, with reference to real-life decision-making situations.
Detailed real-world case studies running throughout each chapter, provide readers a unique insight into the role and application of management accounting.
Self-study problems for each chapter, encourage critical thinking about management accounting issues.
Numerical exercises and problems test your understanding of management accounting theory and practice.
Analysis and interpretation problems at the end of every chapter allow you to practise working with financial information in a more detailed and rigorous way.
About the authors
Cheryl S. McWatters Ph.D. CMA is Professor of Accounting at the School of Business, University of Alberta.
Jerold L. Zimmerman Ph.D. is the Ronald L. Bittner Professor of Business Administration at the William E. Simon Graduate School of Business, University of Rochester.
Dale C. Morse is Professor of Accounting at the University of Oregon.
About the Author:
Jerry Zimmerman (Rochester, N) is Alumni Distinguished Professor of Accounting at the William E. Simon Graduate School of Business Administration, University of Rochester.
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Book Description McGraw-Hill, 2000. Hardcover. Book Condition: New. Bookseller Inventory # P110071180567