About this Book

This handbook is intended primarily for practitioners such as accountants, auditors, financial analysts, and business managers, but would also be ideal for MBA or other Masters degree courses. The primary focus of this book is on techniques and concepts of cost and management accounting for strategic business decisions. In order to survive in the changing business environment, organisations should rethink their strategic philosophy and the role of management accounting, which itself is in a process of change. While some businesses continue to use conventional methods of costing, performance measurement and cost analysis, increasing numbers are adopting activity-based cost allocation systems, strategic investment decisions models, and multiple performance measures such as the Balanced Scorecard. This handbook focuses on both conventional and contemporary issues. All the chapters provide both retrospective and modern views and commentaries by knowledgeable scholars in the field, who offer unique insights on the changing role of cost and management accounting in today's businesses. People without a background in cost and management accounting should find all of these chapters easily understandable.