This revised edition of ADVANCED MANAGEMENT ACCOUNTING provides a comprehensive and updated coverage of important topics, current trends, latest ideas and researches in management accounting. Expanding on its theoretical base, the book provides practical exposition to help students strengthen conceptual understanding and develop problem-solving skills to succeed in the classroom and beyond. Pedagogically enriched with new features and an impressive layout, this new edition is an essential text for students of M.Com, MBA, CA, ICWA, CS, CFA and other professional courses
Drawing upon cost accounting, mathematics, operations research, economics, and the behavioral sciences, Riahi-Belkaoui answers the call for a unique, multifaceted approach to the study of management accounting. His goal: to enhance performance in the essential tasks of cost estimation, allocation, planning, control, and performance evaluation. He covers the traditional techniques, but expands into quantitative methods and applications, then extends further into the behavioral unification of these techniques. His book is state of the art, ingenious in the way it adapts quantitative methods' solutions to traditional cost accounting topics, and innovative in its use of the behavioral implications. The result is an important resource for professionals, academics, and upper-level students in the field. Riahi-Belkaoui arranges his various techniques chapter by chapter. First, he looks at cost allocation and then at cost-volume profit analysis under stochastic conditions. In Chapter three he treats regression for cost estimation; in Chapter Four, the learning curve for the same purpose. He takes up advanced planning analysis in Chapter Five, advanced control analysis in Chapter Six, and decentralizing and performance evaluation in Chapter Seven. He then finishes with an important discussion of transfer pricing.
Suitable for upper level advanced management or cost accounting courses at the undergraduate or MBA/graduate level, this book provides treatment of innovative management accounting issues used by major companies throughout the world. It takes a systematic management-oriented approach to management topics. Each chapter is accompanied by cases.
This innovative new textbook firmly roots management accounting in "management, "placing the emphasison the management accountant as a key member of the management team and the strategic business decision making process.Unique case studies and examples of worldwide practices illustrate how concepts and techniques are applied in real-world business situations. It explores how management accounting techniques are adapted and modified to support specific industries fromenergy to media sectors and covers topical issues such as: Environmental accounting Environmental auditing and ISO14001/EMAS The balanced scorecard Kaizen costing Target costing Social responsibility Features Integrates the most up-to-date and relevant research with a broad approach to management accounting. Presents compelling examples of real organisations, exploring the interactions of management accounting in practice. Extends knowledge of management accounting concepts and techniques to how they can be used for strategic decision making and management control. Uses Excel to develop and apply solutions methods. Examines how management accounting techniques are adapted and modified to support specific industries fromenergy to media sectors. Covers topical issues such as activity-based budgeting, the balanced scorecard, target costing, capacity planning, quality management, Six Sigma and performance measurement. Fully compliant with developments within the professional bodies such as CIMA and ACCA. Offers end-of chapter exercises to extend your critical thinking and applications of key concepts. Provides short case studies, so you can practise manipulating and analysing data. This is the ideal textbook for students studying management accounting at advanced undergraduate and postgraduate level. "
Rapidly changing conditions in the internal and external environments that an organisation faces mean that managers require information that is not only timely but which allows them to be flexible too. The accumulation, analysis and use of that information is vital to the decision making process. Advanced Management Accounting follows the twin themes that managers must have relevant information within a framework of strategic management and that managers must consider the dynamic business environment in which they work. Advanced Management Accounting will inspire the reader to ask questions about all aspects of management accounting and will help management accountants to meet the challenge of current information needs. The second edition contains considerable and updated coverage of quantitative and qualitative techniques, specifically performance evaluation and measurement, capital asset acquisition, the behavioural effects of information and activity-based costs and management. Designed in an open and flexible style, Advanced Management Accounting can be customised to cater for any order of coverage through the combination of several chapters. Being an advanced text, some background knowledge is assumed, making it ideal for senior level undergraduates and postgraduate programmes.
The third edition of this work offers coverage of innovative management accounting issues faced by major companies throughout the world. It provides a systematic, management-oriented approach to advanced management topics.
"Wisdom is not a product of schooling but of the lifelong attempt to acquire it." Albert Einstein was quoted as saying. I think the big mistake in schools is trying to teach children anything, and by using fear as the basic motivation. Fear of getting failing grades, fear of not staying with your class, etc. Interest can produce learning on a scale compared to fear as a nuclear explosion to a firecracker. This book presents a new learning style evident with today's students and addresses accounting industry changes as well. This textbook is not written as a reference text, rather it is written in another form where knowledge can be bridged and tested through questions and answers in a multiple choice format. The answers to the questions are provided towards the back pages of the text. The book will not in small measure assists students in preparation for their regular academic and professional exams. The book basically advanced topics in Management Accounting.
Understand how to integrate management accounting into your TQM and JIT systems * Learn how to use Value Added Accounting to make better strategic decisions * Find out how to use advanced costing techniques to correctly price products and services * Trace the development of modern best practice back to the breakthrough insights of the field's leading experts Every modern company now has to compete in a market environment that is becoming ever faster, more complex and competitive. Management accounting must respond to these changes, otherwise its risks becoming irrelevant to real business needs. This book demonstrates how the discipline can raise itself up to a new level of performance, allowing it to cope with challenges such as flexible manufacturing systems, flatter and leaner organisations, strategic alliances and globalisation. It explains how cutting edge management accounting techniques can transform a firm's operations and prospects, enabling it to become the best of the best.
