Managerial Accounting for Business Decisions

This is a comprehensive introductory textbook on management accounting for non-accountants on business degrees. The emphasis is firmly on management accounting as an analytical and interpretive tool for working managers: maths is kept to a minimum, and there is a wealth of features designed to maximize the book' s usefulness and student-friendliness.

Focusing squarely on the needs of business and management students, Managerial Accounting for Business Decisions sets management accounting into a real-world context, helping students to apply the theories they learn to management situations. The book is an essential guide to understanding the principles of management accounting, providing a practical insight into the contemporary business environment.

New to this edition:

 

• Includes four exciting new chapters: 

 Business Performance Management 

Working Capital Management

Divisional Performance and Transfer Pricing

RatioAnalysis and Financial Management

• Examination of the ‘Beyond Budgeting’ movement and its controversial recommendation to abolish traditional budgetary control systems.
• Evaluation of the impact of ‘target culture’ on the performance of utility companies and, in particular, the NHS.
• In-depth coverage of recent events in the business world, including key, high-profile companies such as MG Rover, Eurotunnel, Sightsavers and Shell Petroleum.

 Key features:

• Unique in helping students understand how the techniques of management accounting are actually used in 'real world' business.
• An innovative 'Manager's Point of View ' section in each chapter emphasises the strong managerial approach.
• Encourages the reader to practice new techniques immediately through case study tasks, examples and exercises, and end of chapter questions.
• The language and terminology in the book is accessible and user-friendly. Explanations are kept simple and accounting jargon minimised to ensure clarity of explanation and understanding.

Managerial Accounting for Business Decisions is ideal for undergraduate students of business and management and MBA students. It will also be of interest to practising managers.

 

Ray Proctor has extensive practical experience of management and accountancy, alongside more than 20 years experience of teaching in this area. He is currently a senior lecturer at Coventry University.