{"product_id":"accounting-for-managers-isbn-9781119002949","title":"Accounting for Managers","description":"\u003cp\u003eThis revised and updated fifth edition of \u003cb\u003eAccounting for Managers\u003c\/b\u003e builds on the international success of the previous editions in explaining how accounting is used by non-financial managers.\u003c\/p\u003e \u003cp\u003eEmphasizing the interpretation as opposed to the construction of accounting information, \u003cb\u003eAccounting for Managers\u003c\/b\u003e encourages a critical rather than unthinking acceptance of accounting techniques.  Whilst accounting information is immensely valuable for planning, decision making and control, users need to recognize the assumptions behind, and the limitations of, particular accounting techniques.\u003c\/p\u003e \u003cp\u003eAs in the previous editions, \u003cb\u003eAccounting for Managers\u003c\/b\u003e combines theory with practical examples and contemporary case studies drawn from real business situations across a wide range of manufacturing, retail and service industries.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAccounting for Managers\u003c\/b\u003e is an ideal companion for postgraduate and undergraduate students, as well as non-financial managers in executive education courses seeking a better understanding of the role played by accounting and how it affects their organization and business unit.\u003c\/p\u003e \u003cp\u003ePreface to the Fifth Edition xiii\u003c\/p\u003e \u003cp\u003eAbout the Author xvii\u003c\/p\u003e \u003cp\u003eAcknowledgements xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Context of Accounting 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Introduction to Accounting 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting, accountability, and the account 3\u003c\/p\u003e \u003cp\u003eA short history of accounting 5\u003c\/p\u003e \u003cp\u003eIntroducing the functions of accounting 7\u003c\/p\u003e \u003cp\u003eThe role of financial accounting 7\u003c\/p\u003e \u003cp\u003eThe role of management accounting 8\u003c\/p\u003e \u003cp\u003eRecent developments in accounting 10\u003c\/p\u003e \u003cp\u003eThe relationship between financial accounting and management accounting 12\u003c\/p\u003e \u003cp\u003eA critical perspective 14\u003c\/p\u003e \u003cp\u003eConclusion 16\u003c\/p\u003e \u003cp\u003eReferences 16\u003c\/p\u003e \u003cp\u003eQuestions 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Accounting and its Relationship to Shareholder Value and Corporate Governance 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital and product markets 19\u003c\/p\u003e \u003cp\u003eShareholder value‐based management 21\u003c\/p\u003e \u003cp\u003eShareholder value, strategy, and accounting 23\u003c\/p\u003e \u003cp\u003eCompany regulation and corporate governance 25\u003c\/p\u003e \u003cp\u003eRisk management, internal control, and accounting 28\u003c\/p\u003e \u003cp\u003eA critical perspective 29\u003c\/p\u003e \u003cp\u003eConclusion 30\u003c\/p\u003e \u003cp\u003eReferences 30\u003c\/p\u003e \u003cp\u003eQuestions 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Recording Financial Transactions and the Principles of Accounting 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBusiness events, transactions, and the accounting system 33\u003c\/p\u003e \u003cp\u003eThe double entry: recording transactions 35\u003c\/p\u003e \u003cp\u003eExtracting financial information from the accounting system 38\u003c\/p\u003e \u003cp\u003eBasic principles of accounting 42\u003c\/p\u003e \u003cp\u003eCost terms and concepts: the limitations of financial accounting 45\u003c\/p\u003e \u003cp\u003eConclusion 47\u003c\/p\u003e \u003cp\u003eReferences 47\u003c\/p\u003e \u003cp\u003eQuestions 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Management Control, Accounting, and its Rational‐Economic Assumptions 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eManagement control systems 51\u003c\/p\u003e \u003cp\u003ePlanning and control in organizations 54\u003c\/p\u003e \u003cp\u003eNon‐financial performance measurement 58\u003c\/p\u003e \u003cp\u003eA theoretical framework for accounting 64\u003c\/p\u003e \u003cp\u003eConclusion 65\u003c\/p\u003e \u003cp\u003eReferences 65\u003c\/p\u003e \u003cp\u003eWebsites 67\u003c\/p\u003e \u003cp\u003eQuestions 67\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Interpretive and Critical Perspectives on Accounting and Decision Making 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eResearch and theory in management control and accounting 70\u003c\/p\u003e \u003cp\u003eAlternative paradigms 73\u003c\/p\u003e \u003cp\u003eThe interpretive paradigm and the social construction perspective 75\u003c\/p\u003e \u003cp\u003eCulture, control, and accounting 77\u003c\/p\u003e \u003cp\u003eThe radical paradigm and critical accounting 78\u003c\/p\u003e \u003cp\u003ePower and accounting 80\u003c\/p\u003e \u003cp\u003eCreative accounting, ethics, and accounting 84\u003c\/p\u003e \u003cp\u003eConclusion 90\u003c\/p\u003e \u003cp\u003eReferences 91\u003c\/p\u003e \u003cp\u003eQuestions 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II The Use of Financial Statements for Decision Making 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Constructing Financial Statements: IFRS and the Framework of Accounting 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInternational Financial Reporting Standards (IFRS) 98\u003c\/p\u003e \u003cp\u003eFramework for the Preparation and Presentation of Financial Statements 100\u003c\/p\u003e \u003cp\u003eTrue and fair view 103\u003c\/p\u003e \u003cp\u003eReporting profitability: the Income Statement and Statement of Comprehensive Income 104\u003c\/p\u003e \u003cp\u003eReporting financial position: the Balance Sheet or Statement of Financial Position 107\u003c\/p\u003e \u003cp\u003eThe matching principle and accruals accounting 109\u003c\/p\u003e \u003cp\u003eDepreciation 111\u003c\/p\u003e \u003cp\u003eSpecific IFRS accounting treatments 112\u003c\/p\u003e \u003cp\u003eReporting cash flow: the Statement of Cash Flows 116\u003c\/p\u003e \u003cp\u003eDifferences between the financial statements 118\u003c\/p\u003e \u003cp\u003eA theoretical perspective on financial statements 120\u003c\/p\u003e \u003cp\u003eA critical perspective on financial statements and accounting standards 121\u003c\/p\u003e \u003cp\u003eConclusion 122\u003c\/p\u003e \u003cp\u003eReference 122\u003c\/p\u003e \u003cp\u003eWebsites 122\u003c\/p\u003e \u003cp\u003eAppendix to Chapter 6: List of IFRS and FRS 123\u003c\/p\u003e \u003cp\u003eQuestions 125\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Interpreting Financial Statements 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAnnual Reports 129\u003c\/p\u003e \u003cp\u003eThe context of financial statements 131\u003c\/p\u003e \u003cp\u003eRatio analysis 132\u003c\/p\u003e \u003cp\u003eProfitability 133\u003c\/p\u003e \u003cp\u003eLiquidity 135\u003c\/p\u003e \u003cp\u003eGearing 135\u003c\/p\u003e \u003cp\u003eActivity\/efficiency 136\u003c\/p\u003e \u003cp\u003eWorking capital 137\u003c\/p\u003e \u003cp\u003eManaging receivables 138\u003c\/p\u003e \u003cp\u003eManaging inventory 138\u003c\/p\u003e \u003cp\u003eManaging payables 139\u003c\/p\u003e \u003cp\u003eManaging working capital 139\u003c\/p\u003e \u003cp\u003eShareholder return 140\u003c\/p\u003e \u003cp\u003eThe relationship between financial ratios 141\u003c\/p\u003e \u003cp\u003eInterpreting financial statements using ratios 143\u003c\/p\u003e \u003cp\u003eUsing the Statement of Cash Flows 145\u003c\/p\u003e \u003cp\u003eLimitations of ratio analysis 152\u003c\/p\u003e \u003cp\u003eA wider view on corporate reporting 156\u003c\/p\u003e \u003cp\u003eIntellectual capital 157\u003c\/p\u003e \u003cp\u003eInstitutional theory 158\u003c\/p\u003e \u003cp\u003eCorporate social and environmental responsibility 158\u003c\/p\u003e \u003cp\u003eApplying different perspectives to financial statements 161\u003c\/p\u003e \u003cp\u003eConclusion 162\u003c\/p\u003e \u003cp\u003eReferences 163\u003c\/p\u003e \u003cp\u003eQuestions 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Accounting for Inventory 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to inventory 171\u003c\/p\u003e \u003cp\u003eMethods of costing inventory in manufacturing 175\u003c\/p\u003e \u003cp\u003eManagement accounting statements 180\u003c\/p\u003e \u003cp\u003eConclusion 181\u003c\/p\u003e \u003cp\u003eQuestions 182\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Using Accounting Information for Decision Making, Planning, and Control 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Accounting and Information Systems 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to accounting and information systems 187\u003c\/p\u003e \u003cp\u003eMethods of data collection 188\u003c\/p\u003e \u003cp\u003eBig data 190\u003c\/p\u003e \u003cp\u003eTypes of information system 190\u003c\/p\u003e \u003cp\u003eBusiness processes 192\u003c\/p\u003e \u003cp\u003eInformation systems design and controls 194\u003c\/p\u003e \u003cp\u003eConclusion 196\u003c\/p\u003e \u003cp\u003eReferences 196\u003c\/p\u003e \u003cp\u003eQuestions 196\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Marketing Decisions 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMarketing strategy 197\u003c\/p\u003e \u003cp\u003eCost behaviour 199\u003c\/p\u003e \u003cp\u003eCost–volume–profit analysis 201\u003c\/p\u003e \u003cp\u003eAlternative approaches to pricing 208\u003c\/p\u003e \u003cp\u003eSegmental profitability 212\u003c\/p\u003e \u003cp\u003eCustomer profitability analysis 216\u003c\/p\u003e \u003cp\u003eConclusion 219\u003c\/p\u003e \u003cp\u003eReferences 219\u003c\/p\u003e \u003cp\u003eQuestions 220\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Operating Decisions 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe operations function 223\u003c\/p\u003e \u003cp\u003eManaging operations – manufacturing 225\u003c\/p\u003e \u003cp\u003eManaging operations – services 227\u003c\/p\u003e \u003cp\u003eAccounting for the cost of spare capacity 228\u003c\/p\u003e \u003cp\u003eCapacity utilization and product mix 229\u003c\/p\u003e \u003cp\u003eTheory of Constraints 231\u003c\/p\u003e \u003cp\u003eOperating decisions: relevant costs 232\u003c\/p\u003e \u003cp\u003eSupply chain management, total cost of ownership, and supplier cost analysis 237\u003c\/p\u003e \u003cp\u003eThe cost of quality 239\u003c\/p\u003e \u003cp\u003eEnvironmental cost management 241\u003c\/p\u003e \u003cp\u003eConclusion 246\u003c\/p\u003e \u003cp\u003eReferences 247\u003c\/p\u003e \u003cp\u003eQuestions 247\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Human Resource Decisions 251\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHuman resources and accounting 251\u003c\/p\u003e \u003cp\u003eThe cost of labour 252\u003c\/p\u003e \u003cp\u003eRelevant cost of labour 255\u003c\/p\u003e \u003cp\u003eConclusion 261\u003c\/p\u003e \u003cp\u003eReferences 262\u003c\/p\u003e \u003cp\u003eQuestions 262\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Overhead Allocation Decisions 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCost classification 267\u003c\/p\u003e \u003cp\u003eThe overhead allocation problem 271\u003c\/p\u003e \u003cp\u003eShifts in management accounting thinking 272\u003c\/p\u003e \u003cp\u003eAlternative methods of overhead allocation 273\u003c\/p\u003e \u003cp\u003eDifferences between absorption and activity‐based costing 282\u003c\/p\u003e \u003cp\u003eContingency theory 285\u003c\/p\u003e \u003cp\u003eInternational comparisons 286\u003c\/p\u003e \u003cp\u003eBehavioural implications of management accounting 287\u003c\/p\u003e \u003cp\u003eConclusion 290\u003c\/p\u003e \u003cp\u003eReferences 291\u003c\/p\u003e \u003cp\u003eQuestions 292\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Strategic Investment Decisions 297\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStrategy 297\u003c\/p\u003e \u003cp\u003eCapital expenditure evaluation 298\u003c\/p\u003e \u003cp\u003eAccounting rate of return 301\u003c\/p\u003e \u003cp\u003ePayback 304\u003c\/p\u003e \u003cp\u003eDiscounted cash flow 304\u003c\/p\u003e \u003cp\u003eComparison of techniques 307\u003c\/p\u003e \u003cp\u003eConclusion 311\u003c\/p\u003e \u003cp\u003eReferences 311\u003c\/p\u003e \u003cp\u003eAppendix to Chapter 14: Present value factors 311\u003c\/p\u003e \u003cp\u003eQuestions 313\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Performance Evaluation of Business Units 317\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStructure of business organizations 317\u003c\/p\u003e \u003cp\u003eThe decentralized organization and divisional performance measurement 320\u003c\/p\u003e \u003cp\u003eControllability 323\u003c\/p\u003e \u003cp\u003eComparison of methods 326\u003c\/p\u003e \u003cp\u003eTransfer pricing 327\u003c\/p\u003e \u003cp\u003eTransaction cost economics 329\u003c\/p\u003e \u003cp\u003eConclusion: a critical perspective 330\u003c\/p\u003e \u003cp\u003eReferences 331\u003c\/p\u003e \u003cp\u003eQuestions 332\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Budgeting 335\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is budgeting? 335\u003c\/p\u003e \u003cp\u003eThe budgeting process 336\u003c\/p\u003e \u003cp\u003eThe profit budget 339\u003c\/p\u003e \u003cp\u003eCash forecasting 345\u003c\/p\u003e \u003cp\u003eA behavioural perspective on budgeting 349\u003c\/p\u003e \u003cp\u003eA critical perspective: beyond budgeting? 350\u003c\/p\u003e \u003cp\u003eConclusion 354\u003c\/p\u003e \u003cp\u003eReferences 354\u003c\/p\u003e \u003cp\u003eQuestions 354\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Budgetary Control 359\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is budgetary control? 359\u003c\/p\u003e \u003cp\u003eVariance analysis 361\u003c\/p\u003e \u003cp\u003eFlexible budgets and sales variances 362\u003c\/p\u003e \u003cp\u003eFlexible budgets and cost variances 363\u003c\/p\u003e \u003cp\u003eInterpreting variances 365\u003c\/p\u003e \u003cp\u003eCriticism of variance analysis 366\u003c\/p\u003e \u003cp\u003eApplying different perspectives to management accounting 368\u003c\/p\u003e \u003cp\u003eConclusion 368\u003c\/p\u003e \u003cp\u003eReferences 369\u003c\/p\u003e \u003cp\u003eQuestions 369\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Strategic Management Accounting 371\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTrends in management accounting 371\u003c\/p\u003e \u003cp\u003eStrategic management accounting 372\u003c\/p\u003e \u003cp\u003eAccounting techniques to support strategic management accounting 374\u003c\/p\u003e \u003cp\u003eLean production, lean accounting, and backflush costing 381\u003c\/p\u003e \u003cp\u003eConclusion 384\u003c\/p\u003e \u003cp\u003eReferences 384\u003c\/p\u003e \u003cp\u003eFurther reading 385\u003c\/p\u003e \u003cp\u003eQuestions 386\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Supporting Information 387\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eReadings 389\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReading 1 Cooper and Kaplan (1988). How cost accounting distorts product costs 390\u003c\/p\u003e \u003cp\u003eReading 2 Dent (1991). Accounting and organizational cultures: a field study of the emergence of a new organizational reality 403\u003c\/p\u003e \u003cp\u003eGlossary of Accounting Terms 435\u003c\/p\u003e \u003cp\u003eSolutions to Questions 449\u003c\/p\u003e \u003cp\u003eIndex 509\u003c\/p\u003e \u003cp\u003e\u003cb\u003eDr Paul M. Collier\u003c\/b\u003e was Professor of Accounting at Monash University in Melbourne, Australia. He was previously at Aston Business School in Birmingham, UK.  Paul is currently a consultant and investor in a hospitality business but retains an ongoing association in various academic projects with Monash University. Before becoming an academic, Paul was chief financial officer of a listed company and has worked in senior financial and general management positions in the UK and Australia. He has also conducted numerous executive education courses. Paul has been a board member of a large UK Housing Association and an Australian health service. This book is a result of his practical experience as a producer and user of accounting information as well as his teaching and training experience in the UK and Australia. \u003c\/p\u003e A comprehensive package of supplementary material is available on the book companion website at \u003ca href=\"http:\/\/www.wileyeurope.com\/college\/collier\"\u003e\u003cb\u003ewww.wileyeurope.com\/college\/collier\u003c\/b\u003e\u003c\/a\u003e, including PowerPoint slides, multiple choice questions for each chapter, and additional questions and solutions. \u003cp\u003eThis revised and updated fifth edition of \u003cb\u003eAccounting for Managers\u003c\/b\u003e builds on the international success of the previous editions in explaining how accounting is used by non-financial managers.\u003c\/p\u003e \u003cp\u003eEmphasizing the interpretation as opposed to the construction of accounting information, \u003cb\u003eAccounting for Managers\u003c\/b\u003e encourages a critical rather than unthinking acceptance of accounting techniques. Whilst accounting information is immensely valuable for planning, decision making and control, users need to recognize the assumptions behind, and the limitations of, particular accounting techniques.\u003c\/p\u003e \u003cp\u003eAs in the previous editions, \u003cb\u003eAccounting for Managers\u003c\/b\u003e combines theory with practical examples and contemporary case studies drawn from real business situations across a wide range of manufacturing, retail and service industries.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAccounting for Managers\u003c\/b\u003e is an ideal companion for postgraduate and undergraduate students, as well as non-financial managers in executive education courses seeking a better understanding of the role played by accounting and how it affects their organization and business unit.\u003c\/p\u003e \u003cp\u003eNew features in the fifth edition include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eCompletely revised chapters emphasising the inter-relationship between financial reporting and management accounting for decision-making, and recent developments in performance measurement. \u003c\/li\u003e \u003cli\u003eUpdated discussion on the latest developments in Integrated Reporting and the GRI (Global Reporting Initiative) and the latest International Financial Reporting Standards (IFRS).\u003c\/li\u003e \u003cli\u003eExpansion of treatment of supply chains and simplification of variance analysis.\u003c\/li\u003e \u003cli\u003eRevised and updated case studies, examples and end of chapter questions.\u003c\/li\u003e \u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988654145765,"sku":"NP9781119002949","price":82.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119002949.jpg?v=1761781133","url":"https:\/\/k12savings.com\/es\/products\/accounting-for-managers-isbn-9781119002949","provider":"K12savings","version":"1.0","type":"link"}