Management accounting for non-specialists:
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | Undetermined |
| Veröffentlicht: |
London [u.a.]
Prentice Hall Europe
1999
|
| Ausgabe: | 2. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Includes index. - Previous ed.: 1995 |
| Beschreibung: | XIV, 382 S. graph. Darst. |
| ISBN: | 013982927x |
Internformat
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| 100 | 1 | |a Atrill, Peter |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Management accounting for non-specialists |c Peter Atrill and Eddie McLaney |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a London [u.a.] |b Prentice Hall Europe |c 1999 | |
| 300 | |a XIV, 382 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Includes index. - Previous ed.: 1995 | ||
| 650 | 0 | 7 | |a Management Accounting |0 (DE-588)4125415-6 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4151278-9 |a Einführung |2 gnd-content | |
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| 700 | 1 | |a McLaney, Edward J. |d 1943- |e Verfasser |0 (DE-588)128823208 |4 aut | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028026399&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-028026399 | ||
Datensatz im Suchindex
| _version_ | 1804174756936679424 |
|---|---|
| adam_text | Contents
Preface ix
Acknowledgements xi
How to use this book xiii
• ¦i;;p* i 1 Introduction to management accounting 1
Introduction 1
Objectives 1
What is accounting? 1
Who are the users? 2
Not-for-profit organisations 4
How useful is accounting information? 4
Accounting as a service function 5
Costs and benefits of accounting information 6
Accounting as an information system 8
Management and financial accounting 9
Management accounting information and management decisions 11
Management accounting and human behaviour 12
The changing nature of management accounting 13
Management accounting and information technology 15
The changing role of the management accountant 15
Business objectives 16
Summary 18
Keyterms 18
Suggested reading 19
Review questions 20
c:iiji«f:=2 Relevant costs 21
Introduction 21
Objectives 21
What is meant by cost? 21
A definition of cost 22
Relevant costs: opportunity and outlay costs 22
Sunk costs and committed costs 26
Qualitative factors of decisions 27
Self-assessment question 2.1 28
Summary 29
Keyterms 29
Suggested reading 29
Review questions 30
Examination-style questions 30
^-rj-ofit analysis 37
Introduction 37
Objectives 37
The behaviour of costs 37
Fixed costs 38
Variable costs 40
Semi-fixed (semi-variable) costs 41
Break-even analysis 42
Contribution 46
Margin of safety and operational gearing 46
Profit-volume charts 49
The economist s view of the break-even chart 50
Weaknesses of break-even analysis 51
Marginal analysis 52
Accepting/rejecting special contracts 52
The most efficient use of scarce resources 53
Make or buy decisions 55
Closing or continuation decisions 57
Self-assessment question 3.1 58
Summary 59
Keyterms 59
Suggested reading 59
Review questions 60
Examination-style questions 60
Introduction 66
Objectives 66
The nature of full costing 66
Uses of full cost information 67
Criticisms of full costing 68
Deriving full costs in a single-product/service operation 68
Multi-product operations 69
Direct and indirect costs 70
Job costing 70
The collection of costs and the behaviour of costs 71
Segmenting the overheads 78
Dealing with overheads on a departmental basis 79
Batch costing 89
Full cost as the break-even price 89
The forward-looking nature of full costing 89
Full costing in service industries 89
Self-assessment question 4.1 90
Summary 90
Keyterms 91
Suggested reading 91
Review questions 92
Examination-style questions 92
:!kSptef 5 Costing and pricing in a competiiivt euvii onmeiu s8
Introduction 98
Objectives 98
A changed business environment 98
Activity-based costing 100
Cost drivers 101
ABC and service industries 102
Criticisms of ABC 102
Pricing 103
Economic theory 103
Some practical considerations 110
Full cost (cost-plus) pricing 111
Relevant/marginal cost pricing 113
Self-assessment question 5.1 114
Pricing strategies 114
Recent developments in pricing and cost management 116
Total lifecycle costing 117
Target costing 117
Kaisen costing 118
Benchmarking 119
Summary 119
Keyterms 120
Suggested reading 120
Review questions 121
Examination-style questions 121
chapters Budgeting 126
Introduction 126
Objectives 126
Budgets, long-term plans and corporate objectives 126
Step 1: Setting the aims and objectives of the business 127
Step 2: Identifying the options available 128
Step 3: Evaluating the options and making a selection 129
Step 4: Setting detailed short-term plans or budgets 130
Step 5: Collecting information on performance and exercising control 130
Time horizon of plans and budgets 131
Budgets and forecasts 132
Periodic and continual budgets 132
The interrelationship of various budgets 133
The uses of budgets 135
The budget-setting process 138
Step 1: Establish who will take responsibility for the budget-setting
process 138
Step 2: Communicate budget guidelines to relevant managers 138
Step 3: Identify the key, or limiting, factor 138
Step 4: Prepare the budget for the area of the limiting factor 139
Step 5: Prepare draft budgets for all other areas 140
Step 6: Review and co-ordinate budgets 140
Step 7: Prepare the master budgets 141
Step 8: Communicate the budgets to all interested parties 142
Step 9: Monitor performance relative to the budget 142
Incremental and zero-base budgeting 142
Example of a budget - the cash budget 143
Preparing other budgets 147
Activity-based budgeting 148
Non-financial measures in budgeting 149
Self-assessment question 6.1 149
Summary 150
Keyterms 151
Suggested reading 151
Review questions 152
Examination-style questions 152
chapter 7 Accounting for control 160
Introduction 160
Objectives 160
Using budgets for control - flexible budgets 160
Feedback and feedforward controls 161
Comparison of the actual performance with the budget 162
Flexing the budget 163
Standard quantities and costs 170
Labour cost standards and the learning curve effect 172
Reasons for adverse variances 173
Non-operating profit variances 174
Investigating variances 175
Compensating variances 177
Necessary conditions for effective budgetary control 177
Limitations of the traditional approach to control through variances
and standards 178
Behavioural aspects of budgetary control 179
Self-assessment question 7.1 180
Summary 181
Keyterms 181
Suggested reading 182
Review questions 183
Examination-style questions 183
:•!;:;;::. ., C.-pitci; investment ;;«¦:* .ons 183
Introduction 188
Objectives 188
The nature of investment decisions 188
Methods of investment appraisal 189
Accounting rate of return (ARR) 190
Payback period (PP) 194
Net present value (NPV) 197
Interest lost 198
Risk 198
Inflation 199
Why NPV is superior to ARR and PP 203
Internal rate of return (IRR) 204
Some practical points 208
Investment decision-making in practice 212
Dealing with risk in investment appraisal 214
Assessing the level of risk 214
Reacting to the level of risk 223
Management of the investment project 224
Stage 1: Decide on the amount of funds available for investment 225
Stage 2: Identify profitable opportunities 225
Stage 3: Evaluate project 225
Stage 4: Approve project 226
Stage 5: Monitor and control the project 226
Summary 227
Key terms 227
Suggested reading 228
Review questions 229
Examination-style questions 229
Appendix: Present value table 235
chapter 9 Management of working capital 236
Introduction 236
Objectives 236
The nature and purpose of working capital 236
Management of stocks 239
Budgets of future demand 240
Financial ratios 240
Recording and reordering systems 240
Levels of control 241
Stock management models 242
Materials requirement planning (MRP) system 244
Just-in-time (JIT) stock management 244
Management of debtors 245
Which customers should receive credit? 246
Length of credit period 247
Cash discounts 249
Self-assessment question 9.1 249
Collection policies 250
Credit management and the small business 252
Management of cash 253
Why hold cash? 253
How much cash should be held? 253
Controlling the cash balance 254
Cash budgets and the management of cash 255
Operating cash cycle 257
Cash transmission 259
Management of trade creditors 260
Controlling trade creditors 261
Management of bank overdrafts 261
Summary 261
Keyterms 262
Suggested reading 262
Review questions 263
Examination-style questions 263
chapter 10 Measuring and controlling divisional performance 271
Introduction 271
Objectives 271
Why do businesses divisionalise? 271
Divisional performance measurement 276
Return on investment 279
Residual income 281
Divisional performance measures and long term performance 283
Further measurement issues 284
Self-assessment question 10.1 286
Transfer pricing 288
Transfer pricing policies 290
Market prices 290
Variable cost of goods or services 291
Full cost of goods or services 291
Negotiated prices 292
Summary 293
Keyterms 294
Suggested reading 294
Review questions 295
Examination-style questions 295
1 Gadabout Travel Ltd 301
2 High Point pic 304
3 The company car 307
1 Glossary of keyterms 309
2 Solutions to self-assessment questions 316
3 Solutions to review questions 325
4 Solutions to selected examination-style questions 335
|
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| indexdate | 2024-07-10T07:05:27Z |
| institution | BVB |
| isbn | 013982927x |
| language | Undetermined |
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| oclc_num | 915670657 |
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| owner_facet | DE-2070s |
| physical | XIV, 382 S. graph. Darst. |
| publishDate | 1999 |
| publishDateSearch | 1999 |
| publishDateSort | 1999 |
| publisher | Prentice Hall Europe |
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| spelling | Atrill, Peter Verfasser aut Management accounting for non-specialists Peter Atrill and Eddie McLaney 2. ed. London [u.a.] Prentice Hall Europe 1999 XIV, 382 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Includes index. - Previous ed.: 1995 Management Accounting (DE-588)4125415-6 gnd rswk-swf (DE-588)4151278-9 Einführung gnd-content Management Accounting (DE-588)4125415-6 s DE-604 McLaney, Edward J. 1943- Verfasser (DE-588)128823208 aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028026399&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
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| subject_GND | (DE-588)4125415-6 (DE-588)4151278-9 |
| title | Management accounting for non-specialists |
| title_auth | Management accounting for non-specialists |
| title_exact_search | Management accounting for non-specialists |
| title_full | Management accounting for non-specialists Peter Atrill and Eddie McLaney |
| title_fullStr | Management accounting for non-specialists Peter Atrill and Eddie McLaney |
| title_full_unstemmed | Management accounting for non-specialists Peter Atrill and Eddie McLaney |
| title_short | Management accounting for non-specialists |
| title_sort | management accounting for non specialists |
| topic | Management Accounting (DE-588)4125415-6 gnd |
| topic_facet | Management Accounting Einführung |
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