Management Accounting Best Practices provides guidance on how to make management decisions in accounting. Chapters are based on the different types of decision to be made in such areas as capacity management, financial analysis, granting or denying credit, managing inventory, product pricing, and more. Best practices concepts are woven into each chapter for users to review the latest techniques to assist their decision-making in every key area. This is a daily reference manual for every accounting in a management position.
Book Details:
- Author: Steven M. Bragg
- ISBN: 9780470175392
- Year Published: 2006
- Pages: 283
- BISAC: BUS001040, BUSINESS & ECONOMICS/Accounting / Managerial
About the Book and Topic:
Management Accounting Best Practices provides guidance on how to make management decisions in accounting. Chapters are based on the different types of decision to be made in such areas as capacity management, financial analysis, granting or denying credit, managing inventory, product pricing, and more. Best practices concepts are woven into each chapter for users to review the latest techniques to assist their decision-making in every key area. This is a daily reference manual for every accounting in a management position.
Though there are numerous guidebooks for the practicing accountant that describe what rules to follow when recording accounting transactions, there is very little guidance in the accounting literature regarding how to make management decisions in accounting. The only source of this information is textbooks intended for accounting students. Management Accounting Best Practices fills this void by specifically targeting the professional accountant. Chapters are based on different types of decisions to be made in areas as capacity management, financial analysis, granting or denying credit, managing inventory, product pricing, and more.
Shows how to arrive at the optimum level of investment in productive capacity and specifically where to target new investments Describes specific control to use in major accounting processes Includes the factors involved in achieving optimal credit granting decisions Covers the various types of technology investments and their likely impact on company positioning and performance with the market Includes the best ways to maintain customer service levels while minimizing total inventory investing Describes what key decisions and control systems are needed during the new product development cycle to ensure optimal profitability of the resulting products Best practices concepts are woven into each chapter providing the latest techniques to assist decision making in every key area Emphasis throughout the book on integration of best practices concepts with management accounting issues A daily reference manual for every accountant in a management position
About the Author
Steven M. Bragg, CPA, CMA, CIA, CCP (Centennial, CO) is the successful author of 21 Wiley accounting and finance titles. He has been the Chief Financial Officer or Controller of four companies, as well as a consulting manager at Ernst and Young.