Management Accounting

Clear and readable explanations of the basic principles of management accounting and outstanding exhibits are combined with plentiful examples of practice. The chapters have clear learning objectives that are developed and reinforced through numerical examples, and graded end-of-chapter exercises, problems and cases. The resulting book, with its associated website, is thus an amalgam of solid core technical material and emerging issues presented in a learning and teaching package that is accessible, rigourous and stimulating.European Adaptation. Earlier chapters have been re-grouped into costing, decision-making and control categories that are more familiar to a European audience. UK/European business and accounting terminology and business examples have been integrated throughout the text to accommodate a UK/European audience.|New Chapters on Decision-Making under Uncertainty and Risk, Strategic Management Accounting, Stock Management, and Pricing Policies address emerging issues on management accounting in the context of new technologies such as the internet and new business models. The philosophy of the new chapters has been influenced by the longstanding debate among management accounting academics on how management accounting can and should respond to new competition, new regulations and new technologies in order to maintain and enhance its relevance.|Practical Approach Focus on Current Practice boxes are integrated within each chapter to allow students to visualise the concepts they have learned by relating them to actual companies and businesses. Additionally, Management Accounting in Action vignettes use lifelike examples of people in business to introduce and develop new concepts throughout the text.|Assessment Material Additional end-of chapter assessment material from UK professional accountancy bodies has been incorporated into the close of each chapter to test studentsĹź understanding of the chapter and subject.