Accounting for Decision Making & Control

This book continues to grow in popularity with instructors because of its emphasis on teaching students to critically evaluate and solve actual business problems. Zimmerman is able to achieve this through: 1) Strong conceptual framework; 2) Business orientation focusing on how organizations work; 3) Balance between concepts & practice; 4) Strongest problem material available.End-of Chapter Material Chapter problems and exercises focus on the critical evaluation of a management issue. The end of chapter material will continue to appeal to professors who value problem-solving and critical thinking beyond just mere number crunching. The end-of-chapter materials have been drawn from real companies, and are great for use in classroom discussions. End-of-Chapter material consists of problems and cases drawn from actual company applications described by ZimmermanĹźs former students based on their work experience and his consulting experience. These problems and cases help in developing Ĺźcritical thinkingĹź skills, and require students to write short essays after preparing their numerical analysis. Unlike many end-of-chapter exercises, there is not always one correct answer, as many contain multiple dimensions demanding a broad managerial perspective. |Over 50 new problems and cases|Updated boxes and examples|Emphasis on understanding the tradeoffs between decision making and control|A critical analysis of the Balanced Scorecard in Chapter 14 will consider the advantages and disadvantages for implementing the balance scorecard within an organization. |Organization Ĺź Accounting for Decision Making and Control is unique in its conceptual framework organized around the themes of Ĺźopportunity costĹź for decision making and Ĺźorganizational theoryĹź for control. When making business decisions, managers must focus on the Ĺźopportunity costĹź (benefit vs sacrifices of an alternative method of action), and Ĺźorganizational designĹź (present structure, strategy, and incentives of a business). Zimmerman has students think about the entire organization, and how the decisions will impact the company as a whole.|Business Orientation Ĺź Focusing on how organizations work, this text is ideal for those instructors wanting to teach their students how accounting impacts managerial decisions. Marketing, finance and human resources are considered throughout the text and in the end-of-chapter exercises.|Balance between Concepts & Practice Ĺź With more updated readings, students are able to apply theoretical concepts with how they are actually implemented in real business situations.