Accounting for Managers: Interpreting Accounting Information for Decision Making - Softcover

A new edition of a successful textbook on how accounting information is used by non-financial managers! This revised and updated third edition of Accounting for Managers builds on the success of the previous two editions in explaining how non-financial managers use accounting information. Accounting for Managers emphasises the interpretation rather than the construction of accounting information and encourages a critical, rather than unthinking acceptance of the underlying assumptions behind accounting. It links theory with practical examples and case studies drawn from real life business situations across a range of industries.* Completely revised and updated examples throughout the book.* Introduces three new chapters: Accounting for Inventory, Accounting Information Systems and Strategic Management Accounting.* Includes new sections on professional ethics, customer profitability analysis, CVP for multiple products and weighted contribution margin for breakeven analysis, accounting for waste, environmental accounting.* Expanded treatment of transfer pricing and budgeting sections.

This updated and revised third edition of Accounting for Managers builds on the international success of the first two editions in explaining how accounting is used by non-financial managers.

Emphasizing the interpretation rather than the construction of accounting information, Accounting for Managers encourages a critical, rather than an unthinking acceptance of accounting techniques. Whilst immensely valuable for planning, decision-making and control, users of accounting information need to recognize the assumptions behind, and the limitations of particular accounting techniques.

As in the previous editions, Accounting for Managers links theory with practical examples and case studies drawn from real business situations across a wide range of manufacturing, retail and service industries.

Accounting for Managers has been written for postgraduate and undergraduate students who are taking courses in accounting, as well as non-financial managers undertaking executive education courses who need a better understanding of the role played by accounting and how it affects their organization and business unit.

New in the 3rd edition

• Chapters on accounting for inventory, accounting and information systems, and strategic management accounting
• Additional case studies including the HMV Group, Tektronix and ANT.
• Revised and updated examples.