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Accounting for Managers

This book was motivated by the author’s experience in teaching accounting at  postgraduate level (MBA and MSc) at Aston Business School and in-house training provided for non-financial managers in many organizations to introduce them to the use of financial tools and techniques.

As accounting increasingly becomes decentred from the accounting department in organizations, line managers in all functional areas of business are expected to be able to prepare budgets, develop business cases for capital investment, and exercise cost control to ensure that profit targets are achieved. Managers are also expected to be able to analyse and interpret accounting information so that marketing, operations and human resource decisions are made in the light of an understanding of the financial implications of those decisions.

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Description

This book introduces the reader to some of the journal literature that is either fundamental to the role of accounting or is ‘path breaking’. The book is not intended to be deeply theoretical, but rather provides, through the ample references in each chapter, an accessible route for those who want to reach into the wider literature.

This book uses examples, case studies and questions that are more equally balanced between the needs of organizations in manufacturing, retail and services. The book is arranged in four parts. The first part describes the context and role of accounting in business. Some theoretical frameworks are provided. It is hoped that this will provide a foundation for readers’ understanding that accounting is more than a technical subject but is grounded in competing theories. These theories are themselves rooted in historical, political, economic and social causes.

The theoretical framework should help to make the subject more meaningful to  students and practitioners alike. Although the reader is encouraged to read Part I, the arrangement of the book is such that the reader can commence in Part II, where the analysis and interpretation of accounting begin.