Management accounting plays
a vital decision-making role in todays lean organization. Techniques of Management
Accounting is the first book to provide a practical, hands-on approach to its three key
areas: full-cost accounting, differential cost accounting, and management control systems.
Focusing less on line-item detail and more on real-world application, it provides managers
with the tools they need to interpret key financial information and improve overall
performance.
Todays First Hands-On
Guidebook to Understanding the Intricacies of Management Accounting for Improved Decision
Making on Every Level
In todays highly competitive
business arena, a thorough understanding of the fundamentals of management accounting has
become necessary for decision-making success. Techniques of Management Accounting provides
executives, managers, and finance professionals with a practical approach to understanding
and implementing management accountings three key areas full cost accounting, differential
cost accounting, and responsibility accounting.
Focusing less on line-item
detail and more on real world applicability, this clearly written and organized book
provides the knowledge and insights you need to make accurate, results-oriented decisions
concerning
- Full cost computations
- Cost behavior
- Differential cost
computations
- Absorption costing
- Activity-based costing (ABC)
- Variable costing
- Responsibility structure
design
- Programming
- Operational budgeting
- Measuring and reporting on
results
When snior and line managers
approve financial decisions without fully understanding them, their organizations lose
competitive advantage and are impeded from reaching their full potential. Techniques of
Management Accounting covers every aspect of this vital area--all in the straightforward
language of business instead of the all-too-often confusing and mathematically dense
jargon of traditional accounting texts.
This books goal is to help
managers be more effective in a business environment where an understanding of management
accounting is important to success. Moreover, the book aims to give readers an improved
ability to communicate with their organizations accountants, to help ensure that the
management accounting information provided to line managers and others is as useful as
possible for decision making.--From the Introduction
As a manager, do you know
how to design a programming process that reinforces your organizations strategy? Are you
familiar with the distinction between absorption costing and variable costing, and the
advantages and disadvantages of each? Do you know when to include depreciation in making
an alternative choice decision and when not to?
And, perhaps most important,
do you know how that knowledge could help you--and your organization--to achieve
breakthrough performance?
Techniques of Management
Accounting answers the above questions and hundreds more, providing you with the
management accounting skills and knowledge you need to understand how the numbers are
computed, what they mean, and how managers and finance professionals can work together to
use them to improve an organizations competitive stance. From the accounting acumen
required to understand financial decisions and formulate specific proposals, to the
political, behavioral, and other considerations that can influence senior managements
decision process on such proposals, this step-by-step book is decidedly nontraditional in
three important respects:
- Business
Orientation--Accounting details are discussed only to the extent they are needed to
describe the concepts and techniques used in most organizations
- Organizational
Focus--Examples from manufacturing, nonmanufacturing, service, and nonprofit organizations
are used to illustrate management accounting concepts and principles
- Interactive Learning
Process--Throughout each chapter, questions and problems allow you to apply principles to
real-world situations--rather than just memorizing them
Management accounting plays
a vital decision-making role in todays lean organization. Let Techniques of Management
Accounting introduce you to the management accounting concepts, principles, and techniques
you need to decipher essential financial information. Then interpret and use that
information to improve your decision-making in virtually every area of business.
Author Biography
David W. Young, D.B.A., is a
professor of accounting and control and former accounting department chair at Boston
Universitys School of Management. A principal in The Crimson Group, Inc., a respected firm
specializing in customized in-house management education programs, Professor Young is the
author of The Managers Guide to Creative Cost Cutting and coauthor of Management Control
in Nonprofit Organizations. He has consulted with a wide variety of organizations on
management control system design, and lectured and taught throughout Europe, Latin
America, Japan, and the Middle East.
268 pages