The New Foundations Of Management Accounting (Media and Communications; 32) - Hardcover

"The author continues to be among the most prolific currently in the area of accounting. This most recent volume is not a management accounting text, but is, rather, an attempt by the author to define what management accounting is, or more precisely, what it should be. He approaches this problem by asserting that management accounting, to be effective, must reach into other interconnected areas of a business such as management structure, organizational theory, and strategic planning. The combination of these factors present in a business dictates the type of information needed from the management accounting system and in turn its design. The book is extremely well documented with extensive endnotes and a bibliography following each chapter. There is also an extensive index as well as numerous charts and illustrations. Most suitable for graduate students, researchers, and accounting theoreticians."-Choice ?The author continues to be among the most prolific currently in the area of accounting. This most recent volume is not a management accounting text, but is, rather, an attempt by the author to define what management accounting is, or more precisely, what it should be. He approaches this problem by asserting that management accounting, to be effective, must reach into other interconnected areas of a business such as management structure, organizational theory, and strategic planning. The combination of these factors present in a business dictates the type of information needed from the management accounting system and in turn its design. The book is extremely well documented with extensive endnotes and a bibliography following each chapter. There is also an extensive index as well as numerous charts and illustrations. Most suitable for graduate students, researchers, and accounting theoreticians.?-Choice

The book is designed to provide a conceptual framework for management accounting. The student as well as the practitioner in management accounting should be aware not only of the new multidisciplinary scope of the field but also of the conceptual foundations which justify this extended scope. Unlike most management accounting books which do not introduce or integrate all these foundations and are generally restricted to an exposition of cost accounting techniques, this book both asserts that the management accounting professional needs a grounding in various disciplines and justifies the adaptation of their techniques to managerial problem solving. Five conceptual foundations envisioned for management accounting are presented: accounting foundations, decisional foundations, organizational foundations, behavioral foundations, and strategic foundations. A recurrent theme in each of these chapters is that a failure to grasp any of these conceptual foundations of management accounting may result in deficiencies in the management accounting system and inadequacies in the provision of the diverse services required by both the small and the complex organizations of today.