Management Accounting: Analysis and Interpretation

This volume is written for the future user of accounting information. While the preparation of accounting information is an important skill, this text focuses on the analysis of the information generated by the accounting system for both planning and control decisions. For this reason, business majors and current and future managers should benefit greatly from the material presented. Accounting majors will also gain a better understanding of how accounting information is used for effective planning and control within all types of organizations. The work has a strong conceptual framework. The concepts of organization theory and opportunity cost serve as the underlying framework to organize the analysis. In the early chapters when planning decisions are being explored, opportunity cost provides the foundation for this discussion. As the focus of the text moves to the control function, discussions of organization theory provide the foundation. This strong conceptual framework is supported by a CD-ROM that brings the material alive for the students.