By Paul M. Collier
Accounting for Managers explains how accounting details is utilized by non-financial managers. The e-book emphasizes the translation, instead of the development, of accounting info and encourages a severe, instead of unthinking attractiveness, of the underlying assumptions at the back of accounting. It hyperlinks idea with useful examples and case stories drawn from actual lifestyles enterprise occasions in carrier, retail and production industries.
Paul M. Collier applies a managerial method of convey find out how to: comprehend the connection among method, company occasions and monetary info. Use accounting details in making plans, decision-making and keep watch over. establish the thoughts that underlie the development of accounting experiences and the restrictions of accounting numbers. The ebook has been written for MBA and different postgraduate scholars, undergraduate scholars who're project classes in accounting that don't bring about expert accreditation, and non-financial managers who want a higher knowing of the function of accounting of their corporations.
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Additional info for Accounting For Managers - Interpreting Accounting Information For Decision-making
Stone, W. E. (1969). Antecedents of the accounting profession. The Accounting Review, April, 284–91. Vatter, W. J. (1950). Managerial Accounting. New York, NY: Prentice Hall. 2 Accounting and its Relationship to Shareholder Value and Business Structure This chapter develops the two themes that were identiﬁed in Chapter 1 as being important to the content of this book: the separation of ownership from control and the divisionalized form of business. The ﬁrst is implicated in the emergence of capital markets and value-based management, the subject of this chapter, in which several tools for measuring shareholder value are described.
1990) described organizational structure as: a potent form of control because, by arranging people in a hierarchy with deﬁned patterns of authority and responsibility, a great deal of their behaviour can be inﬂuenced or even pre-determined. (p. 39) Child (1972) deﬁned organization structure as ‘the formal allocation of work roles and the administrative mechanisms to control and integrate work activities’ (p. 2), emphasizing that structure depends on the decision-makers’ evaluation of environmental impacts, the standard of required performance and the level of performance actually achieved.
1996). From discipline to dialogue: Individualizing and socializing forms of accountability. In R. Munro and J. Mouritsen (eds), Accountability: Power, Ethos and the Technologies of Managing, International Thomson Business Press. Stone, W. E. (1969). Antecedents of the accounting profession. The Accounting Review, April, 284–91. Vatter, W. J. (1950). Managerial Accounting. New York, NY: Prentice Hall. 2 Accounting and its Relationship to Shareholder Value and Business Structure This chapter develops the two themes that were identiﬁed in Chapter 1 as being important to the content of this book: the separation of ownership from control and the divisionalized form of business.