Accounting for Managers. Interpreting Accounting Information by Paul M. Collier

By Paul M. Collier

This revised and up-to-date 5th version of Accounting for Managers builds at the foreign luck of the former variants in explaining how accounting is utilized by non-financial managers.

Emphasizing the translation instead of the development of accounting info, Accounting for Managers encourages a serious, instead of an unthinking recognition of accounting techniques.  while immensely invaluable for making plans, decision-making and regulate, clients of accounting details have to realize the assumptions in the back of, and the restrictions of specific accounting techniques.  As within the past versions, the ebook hyperlinks idea with sensible examples and case reviews drawn from genuine company occasions throughout a variety of production, retail and repair industries. 

Show description

Read Online or Download Accounting for Managers. Interpreting Accounting Information for Decision-Making PDF

Best managerial books

Finance and Accounting for Nonfinancial Managers

Finance and accounting provide you with instruments so you might use to appreciate how the selections you're making and the roles you practice impact the long term luck of the whole association. realizing the language of finance and accounting will let you current your rules persuasively and accurately, to be more well-off whilst discussing effects or forecasts together with your monetary employees or open air traders.

Travel and Entertainment Best Practices (Wiley Best Practices)

Hugely obtainable and appropriate, commute and leisure most sensible Practices provide you with a accomplished view of T&E systems with authoritative guidance, ideas, and suggestion from Mary Schaeffer, America’s such a lot entire debts payable specialist.

CIMA Official Learning System Financial Management, Sixth Edition

CIMA professional studying platforms are the€only€textbooks instructed by means of CIMA as center studying. € Written by way of the CIMA examiners, markers and teachers, they particularly arrange scholars to cross the CIMA checks first time. . absolutely up to date to mirror the 2010 syllabus, they're filled with positive factors to enhance studying, together with: .

Risk Tolerance in Financial Decision Making

This booklet sheds gentle at the emotional facet of possibility taking behaviour utilizing an leading edge cross-disciplinary procedure, blending monetary competences with psychology and affective neuroscience. In doing so, it exhibits the consequences for industry individuals and regulators when it comes to transparency and verbal exchange among intermediaries and shoppers.

Extra info for Accounting for Managers. Interpreting Accounting Information for Decision-Making

Sample text

This is a difficult question, and the problematic nature of calculating costs may have been the source of the comment by Clark (1923) that there were ‘different costs for different purposes’. This, then, is our third limitation of accounting: what do we mean by cost and how do we calculate it?

This theme was developed by one of the earliest texts on management accounting (Vatter, 1950). Vatter distinguished the information needs of managers from those of external shareholders and emphasized that it was preferable to get less precise data to managers quickly than complete information too late to influence decision-making. Johnson and Kaplan (1987) commented that even today, organizations with access to far more computational power . . rarely distinguish between information needed promptly for managerial control and information provided periodically for summary financial statements.

4 Functional organization chart produces, reports and analyses accounting information on behalf of its (internal) customer departments. The functional structure may be suitable for smaller organizations with a narrow geographic spread and a limited product/service range, but it is not generally suitable for larger organizations. The divisional structure is based on a head office with corporate specialists supporting the chief executive, with divisions established for major elements of the business.

Download PDF sample

Rated 4.79 of 5 – based on 45 votes