Business Planning and Control

Business Planning and Control: Integrating Accounting, Strategy and People starts with an introduction to core areas of management accounting and business planning. It then explores relationships between strategy, management accounting information, and the design of control systems, taking into account the needs of both people and organizations.

Business Planning and Control is an indispensable text for both undergraduate and postgraduate students taking modules related to management accounting and business planning and control.

Preface vii

Information available on the website xi

Acknowledgements xiii

Part 1 Information for decision-making and financial reporting requirements 1

1 Cost behaviour and contribution 3

2 Pricing and costing in a competitive environment 29

3 Further decision-making problems 57

4 Capital investment decisions 85

5 Traditional approaches to full costing 105

6 Activity-based costing 129

Part 2 Traditional accounting controls 151

7 Budgetary control systems 153

8 Preparing the master budget 179

9 Standard costing and manufacturing methods 207

10 Control in divisionalized organizations 237

11 Control using accounting ratios 261

12 Funding the business 289

Part 3 Strategic management 311

13 Objectives, strategy and influences 313

14 Strategic analysis – the external environment 331

15 Internal appraisal of the organization 349

16 Accounting and strategic analysis 371

17 Identifying suitable strategic options 397

18 Evaluating strategies and writing the business plan 417

Part 4 Issues in management control 443

19 Budgetary control, performance management and alternative approaches to control 445

20 Strategy and control system design 467

21 Measuring shareholder value 489

22 Measuring and improving internal business processes 515

23 Complexity, uncertainty and control 539

Indicative answers to questions 561

Case information 575

Appendix – Present value table 591

Glossary 593

References 601

Index 605

Bruce Bowhill is Principal Lecturer and Director of Postgraduate Accounting Programmes at Portsmouth Business School. Having worked in both service and manufacturing organizations, he is particularly interested in the role of accounting information in organizations. Business Planning and Control: Integrating Accounting, Strategy and People starts with an introduction to core areas of management accounting and business planning. It then explores relationships between strategy, management accounting information, and the design of control systems, taking into account the needs of both people and organizations.

FEATURES:

• Provides an integrative approach to business planning and control
• Includes a specific focus on the design of planning and control systems
• Considers key techniques of strategic management
• Uses management accounting techniques for operational, managerial and strategic purposes
• Provides case study information to form a thematic thread throughout the text.

Business Planning and Control is an indispensable text for both undergraduate and postgraduate students taking modules related to management accounting and business planning and control. Practising managers will also find this book provides an alternative to many traditional management accounting and business planning texts.