Managerial Accounting for Business Decisions,
By Ray Proctor
Financial Times / Prentice Hall
Distributed by Trans-Atlantic Publications Inc.
$105.00 paper original
Focussing squarely on the needs of today’s business and non-specialist accounting students, the aim of this book is to set management accounting into a contemporary real world context, helping students to apply the theories they learn to management situations and to use clear thinking to obtain the best financial outcome.
Proctor will assist the reader in the core areas of understanding the principles of management accounting, mastering the numerical aspects of the subject, interpreting the results and understanding the contribution management accounting can make to the management process.
Frequently praised for the quality and clarity of writing, this book combines appropriate depth of coverage with a manageable size and a clear and uncluttered layout. It takes an explicitly managerial and practitioner perspective throughout and features really strong application to the real business world.
PART I – FOUNDATIONS
1. Cost behaviour
2. The difference between profit and cash
PART II – FINANCIAL MANAGEMENT
3. Ratio Analysis and financial management
4. Working capital management
PART III – DECISION MAKING
5. Variable costing and breakeven analysis
6. Short-term decisions using variable costing
7. Short-term decisions using relevant costing
8. Capital investment appraisal for long-term decisions
PART IV – PRODUCT COSTING AND PRICING
9. Product costs using absorption costing
10. Product costs using activity-based costing
11. Comparison of profits under absorption and variable costing
12. Pricing your products
13. Divisional performance and transfer pricing
PART V – BUDGETARY CONTROL
14. Budgets and their creation
15. Using budgets to control operations
16. Budgets, behaviour and beyond budgeting
17. Balanced scorecards
18. Not-for-profit organizations
Glossary Answers to end-of-chapter questions Index
· interesting case studies from real companies demonstrate the application of ideas to real business.
· quality question and answer material enables students to get to grips with the computational aspects of the course.
· an excellent ‘Manager’s Point of View’ feature in every chapter, written by a high-level manager looks at the practical aspects of tackling managerial problems with management accounting tools
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