Summary
Contents
Subject index
Management Accounting: Principles and Applications adopts a new and accessible approach to helping readers understand how management accounting contributes to decisions in a variety of organizational contexts. This book sets out clear explanations of practical management accounting techniques in the context of the application of these techniques to decisions. It recognizes practice through case studies and summarizes published research. Uniquely, it examines the analytical and critical issues that often influence decision makers operating within private and public sector organizations.
Management Accounting and the Planning Process – 2
Management Accounting and the Planning Process – 2
Key Learning Objectives
By the time you have finished studying this chapter, you should be able to:
- use and understand specific non-quantitative techniques to estimate costs;
- use and understand relevant quantitative techniques to estimate costs;
- interpret the results of your analysis and advise management accordingly;
- discuss advances in budgetary techniques and their influences in new organisational environments;
- outline a selection of contemporary management accounting approaches and techniques;
- appreciate the role and philosophy of just-in-time production as a means of stock control.
Cost Estimation
It might be assumed that it is reasonable to suggest that the identification of cost behaviour is relatively straightforward in the business world. This is, however, far from the case, but determining how cost will change ...
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