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by Paul M. Collier
Accounting for Managers: Interpreting Accounting Information for Decision Making, 4th Edition
Cover
Contents
Title
Copyright
Dedication
Preface to the Fourth Edition
About the Author
Acknowledgements
Part I: Context of Accounting
Chapter 1: Introduction to Accounting
Accounting, accountability and the account
Introducing the functions of accounting
A short history of accounting
The role of financial accounting
The role of management accounting
Recent developments in accounting
The relationship between financial accounting and management accounting
A critical perspective
Conclusion
References
Questions
Chapter 2: Accounting and its Relationship to Shareholder Value and Corporate Governance
Capital and product markets
Shareholder value-based management
Shareholder value, strategy and accounting
Company regulation and corporate governance
Risk management, internal control and accounting
A critical perspective
Conclusion
References
Websites
Questions
Chapter 3: Recording Financial Transactions and the Principles of Accounting
Business events, transactions and the accounting system
The double entry: recording transactions
Extracting financial information from the accounting system
Basic principles of accounting
Cost terms and concepts: the limitations of financial accounting
Conclusion
References
Questions
Chapter 4: Management Control, Accounting and its Rational-Economic Assumptions
Management control systems
Planning and control in organizations
Non-financial performance measurement
A theoretical framework for accounting
Conclusion
References
Websites
Chapter 5: Interpretive and Critical Perspectives on Accounting and Decision Making
Research and theory in management control and accounting
Alternative paradigms
The interpretive paradigm and the social construction perspective
Culture, control and accounting
The radical paradigm and critical accounting
Power and accounting
Ethics and accounting
Conclusion
References
Part II: The Use of Financial Statements for Decision Making
Chapter 6: Constructing Financial Statements: IFRS and the Framework of Accounting
International Financial Reporting Standards (IFRS)
Framework for the Preparation and Presentation of Financial Statements
True and fair view
Reporting profitability: the Statement of Comprehensive Income
Reporting financial position: the Statement of Financial Position
Accruals accounting
Depreciation
Specific IFRS accounting treatments
Reporting cash flow: the Statement of Cash Flows
Differences between the financial statements
A theoretical perspective on financial statements
A critical perspective on financial statements and accounting standards
Conclusion
Reference
Websites
Appendix: IFRS as at 1 January 2011
Questions
Chapter 7: Interpreting Financial Statements
Annual Reports
The context of financial statements
Ratio analysis
Profitability
Liquidity
Gearing
Activity/efficiency
Working capital
Managing receivables
Managing inventory
Managing payables
Managing working capital
Shareholder return
The relationship between financial ratios
Interpreting financial statements using ratios
Using the Statement of Cash Flows
Limitations of ratio analysis
Alternative theoretical perspectives on financial statements
Intellectual capital
Institutional theory
Corporate social responsibility
Sustainability and the ‘triple bottom line’
Applying different perspectives to financial statements
Conclusion
References
Website
Questions
Chapter 8: Accounting for Inventory
Introduction to inventory
Methods of costing inventory in manufacturing
Management accounting statements
Conclusion
Questions
Part III: Using Accounting Information for Decision Making, Planning and Control
Chapter 9: Accounting and Information Systems
Introduction to accounting and information systems
Methods of data collection
Types of information system
Business processes
Internal controls for information systems
Developing information systems
Conclusion
References
Chapter 10: Marketing Decisions
Marketing strategy
Cost behaviour
Cost–volume–profit analysis
Alternative approaches to pricing
Segmental profitability
Customer profitability analysis
Conclusion
References
Questions
Chapter 11: Operating Decisions
The operations function
Managing operations – manufacturing
Managing operations – services
Accounting for the cost of spare capacity
Capacity utilization and product mix
Theory of Constraints
Operating decisions: relevant costs
Total quality management and the cost of quality
Environmental cost management
Conclusion
References
Questions
Chapter 12: Human Resource Decisions
Human resources and accounting
The cost of labour
Relevant cost of labour
Conclusion
References
Questions
Chapter 13: Overhead Allocation Decisions
Cost classification
The overhead allocation problem
Shifts in management accounting thinking
Alternative methods of overhead allocation
Activity-based costing
Differences between absorption and activity-based costing
Contingency theory
International comparisons
Behavioural implications of management accounting
Conclusion
References
Questions
Chapter 14: Strategic Investment Decisions
Strategy
Capital expenditure evaluation
Accounting rate of return
Payback
Discounted cash flow
Comparison of techniques
Conclusion
References
Appendix: Present value factors
Questions
Chapter 15: Performance Evaluation of Business Units
Structure of business organizations
The decentralized organization and divisional performance measurement
Controllability
Transfer pricing
Transaction cost economics
Conclusion: a critical perspective
References
Questions
Chapter 16: Budgeting
What is budgeting?
The budgeting process
The profit budget
Cash forecasting
A behavioural perspective on budgeting
A critical perspective: beyond budgeting?
Conclusion
References
Questions
Chapter 17: Budgetary Control
What is budgetary control?
Flexible budgeting
Variance analysis
Reconciling the variances
Criticism of variance analysis
Cost control
Applying different perspectives to management accounting
Conclusion
References
Questions
Chapter 18: Strategic Management Accounting
Strategic management accounting
Accounting techniques to support strategic management accounting
Backflush costing
Lean production and lean accounting
Conclusion
References
Further reading
Part IV: Supporting Information
Introduction to the Readings
Reading A
How Cost Accounting Distorts Product Costs
Reading B
Research in Management Control: An Overview of its Development
Reading C
Managerial Accounting Research: The Contributions of Organizational and Sociological Theories
Reading D
Accounting and Organizational Cultures: A Field Study of the Emergence of a New Organizational Reality
Glossary of Accounting Terms
Solutions to Questions
Index
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