The New Foundations of Management Accounting

The New Foundations of Management Accounting

The New Foundations of Management Accounting

The New Foundations of Management Accounting

Synopsis

The book is designed to provide a conceptual framework for management accounting. The student as well as the practitioner in management accounting should be aware not only of the new multidisciplinary scope of the field but also of the conceptual foundations which justify this extended scope. Unlike most management accounting books which do not introduce or integrate all these foundations and are generally restricted to an exposition of cost accounting techniques, this book both asserts that the management accounting professional needs a grounding in various disciplines and justifies the adaptation of their techniques to managerial problem solving.

Excerpt

This book proposes a theory of management accounting that rests on five foundations: (1) accounting, (2) problem and decisional, (3) organizational, (4) behavioral, (5) and strategic. Each chapter devoted to one of these foundations presents the determinants and elements that should influence the design and conduct of management accounting and best serve the complex needs of management.

Management accounting is designed to supply information to internal decision makers of a given organization, to facilitate their decision making, to motivate their actions and behavior in a desirable direction, and to promote the efficiency of the organization. It is accounting-based and individual-, organization-, strategy-, problem-, and decision-centered. Thus, management accounting requires an accounting, decisional and problem, organizational, behavioral, and strategic grounding. An understanding of each of these foundations may allow the management accountant to design a management accounting system more responsive to the diverse needs and demands emanating from within and without the organization. A recurrent theme of each of these chapters is that a failure to grasp any of these conceptual foundations of management accounting may result in deficiencies in the management accounting systems and inadequacies in the provision of the diverse services required by both the small and the complex organizations of today. The book's five major themes correspond to the five main conceptual foundations underlying a management accounting theory.

The book should be of interest to a variety of reader groups, including researchers in the management accounting area and accounting practitioners interested in the careful design of a management accounting system. The book can also be useful as additional material for a typical undergraduate or graduate course in management accounting. The student in management accounting should . . .

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