For over thirty years, students have benefitted from this comprehensive, theory-based guide to accounting, its application to management decision-making and its impact on our wider global society. In this substantially revised eighth edition of the text, the authors reflect contemporary developments in the subject while continuing to encourage critical analysis of the usefulness and relevance of accounting practices.
Michel Glautieris a graduate of the Universities of Manchester and London and has a Doctorate in Management Sciences (with distinction) from the University of Paris. He was for many years Membre du Jury National du Diplome d'Expertise Comptable in France. He has been Visiting Professor at universities and business schools in the USA and Australia and has extensive experience as an international business consultant. He is a former Professor of Accounting and Control at INSEAD, Fontainebleau. Brian UnderdownBA, MA, ACMA was Professor in Accounting and Financial Management at Sheffield University Management School.Deigan Morrisgraduated from the University of Nottingham and received his Doctorate from the University of Warwick. He has been Professor of Accounting and Control at INSEAD, Fontainebleau since 1972 and Area Co-ordinator until 2007. He remains active at INSEAD as Emeritus Professor. His teaching and consulting have involved multinational companies domiciled in Europe, North America, Asia and the Middle East.
Part 1 Accounting Theory: An Overview IntroductionChapter 1: Accountability and accounting (All New!) Chapter 2: The scope of business accounting (All New!) Chapter 3: Accounting as an information system Chapter 4: The universality of business accounting method (All New!) Chapter 5: International rules for business accounting (All New!) Chapter 6: The scope and role of accounting theory Part 2 Accounting InformationChapter 7: Financial accounting statements Chapter 8: Financial accounting concepts Chapter 9: Financial accounting standards Chapter 10: The generation of financial accounting data Chapter 11: Data processing and double-entry bookkeeping Chapter 12: Double-entry bookkeeping and periodic measurementChapter 13: Losses in asset values and periodic measurement Chapter 14: Preparing an income statement and a balance sheet Chapter 15: Reporting recorded assets and liabilities Chapter 16: The processes of management Chapter 17: Traditional cost accounting Chapter 18: ABC and JITChapter 19: Cost? volume? profit analysis Chapter 20: Marginal costing Chapter 21: Costs for Pricing Chapter 22: Costs for short-run tactical decisions Part 3 Accounting Information for Decision-Making Chapter 23: Companies: their nature and regulation Chapter 24: Published financial statements Chapter 25: Statements of Cash-flows Chapter 26: Interpreting and comparing financial statements Chapter 27: Capital, value and income Chapter 28: Accounting and economic concepts of income and value Chapter 29: Accounting under monetary instability and market volatility (All New!) Chapter 30: Reporting to investors Chapter 31: Social accounting and the caring society (All New!) Chapter 32: Budgeting for planning and control Chapter 33: Organization for control Chapter 34: Standard costs and variance analysis Chapter 35: The control of managed costs Chapter 36: Capital investment decisions Chapter 37: Behavioural aspects of performance evaluation Chapter 38: Managing profitability (All New!) Part 4 Accounting for multinational corporations Chapter 39: Financial reporting for groups of companies Chapter 40: Understanding consolidated financial statements Chapter 41: Management control systems design: a conceptual framework (All New)