Contents

Preface to the Fourth Edition

About the Author

Acknowledgements

Part I: Context of Accounting

Chapter 1: Introduction to Accounting

Accounting, accountability and the account

Introducing the functions of accounting

A short history of accounting

The role of financial accounting

The role of management accounting

Recent developments in accounting

The relationship between financial accounting and management accounting

A critical perspective

Conclusion

References

Questions

Chapter 2: Accounting and its Relationship to Shareholder Value and Corporate Governance

Capital and product markets

Shareholder value-based management

Shareholder value, strategy and accounting

Company regulation and corporate governance

Risk management, internal control and accounting

A critical perspective

Conclusion

References

Websites

Questions

Chapter 3: Recording Financial Transactions and the Principles of Accounting

Business events, transactions and the accounting system

The double entry: recording transactions

Extracting financial information from the accounting system

Basic principles of accounting

Cost terms and concepts: the limitations of financial accounting

Conclusion

References

Questions

Chapter 4: Management Control, Accounting and its Rational-Economic Assumptions

Management control systems

Planning and control in organizations

Non-financial performance measurement

A theoretical framework for accounting

Conclusion

References

Websites

Chapter 5: Interpretive and Critical Perspectives on ...

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