Advanced Management Accounting [antikvár]

Preface Advanced Management Accounting, third edition, is a major revision from the second edition that was published in 1989. In the preface for the second edition, we were already describing the enormous changes underway for both manufacturing and service operations, and highlighting the rapid evolution in the technology for information processing. These advances created a challenging new environment for management accounting systems. If anything, rapid changes in the theory and practice of management accounting during the past ten years have accelerated, and to keep pace we have introduced significant new coverage and deleted some older material as we wrote the third edition. The role for management accounting continues to undergo major changes. Management accountants are no longer only scorekeepers of past performance. They have become value-adding members of management teams, creating information vital for enhancing operational excellence, and for formulating and implementing new strategies. A significant development in this new role is a great increase in the importance and use of nonfinancial measures of performance. This book provides extensive coverage of the new management accounting practices being adopted by innovative companies around the world, including activity-based costing, kaizen and target costing, and the Balanced Scorecard. A research project sponsored by the Institute of Management Accountants and the Financial Executives Institute' surveyed U.S. corporate accounting and financial executives about the relative importance of various accounting knowledge and skill areas (AKSAs), and about the extent to which entry-level accountants bring these AKSAs to their initial job. The four AKSAs rated as most important for management accountants were budgeting, product and service costing, control and performance evaluation, and strategic cost management, including activity-based costing. These four AKSAs, how- 'What Corporate America Wants in Entry-Level Accountants (Institute of Mangetnent Accountants: Montvale, NJ; 1994), XV