Management accounting education has long revolved around large-scale traditional manufacturing industries. We know that this is no longer the operating environment for many businesses and yet many textbooks have not undergone the changes that these organisations have. Management Accounting in the Contemporary Business World recognises the changes that have taken place, such as the shift from manufacturing to services, globalization and the increased role of technology, and addresses the issue of how management accounting should be undertaken in modern operating environments. The book provides a comprehensive discussion about the nature of the changes involved and their implications for all aspects of management accounting in the operational, tactical and strategic spheres. The content of the book is enhanced by the use of many practical case studies.
Malcolm Prowle is Professor of Performance Management at the University of Gloucestershire Business School, UK. He has authored over sixty publications, including six full-length books (one for Palgrave Macmillan), book chapters, research reports and papers in both academic peer-reviewed and professional journals. Mike Lucas was a Senior Lecturer in Accounting at the Open University Business School, UK, until his retirement. He is a Fellow of the Chartered Institute of Management Accountants (CIMA) and prior to entering academic life had twelve years' experience as a finance manager/director in industry. He has published a number of academic journal papers and has conducted research for CIMA on the application of management accounting in small-medium enterprises.
PART I: THE CONTEMPORARY BUSINESS WORLD 1. The Nature of Business Organisations and Organisational Management.- 2. The Evolution of the Contemporary Business World.- 3. The Nature of Management Accounting in Business Organisations.- PART II: TACTICAL AND OPERATIONAL MANAGEMENT ACCOUNTING IN THE CONTEMPORARY BUSINESS WORLD 4. The Basic Principles of Cost Information and Cost Management.- 5. Contemporary Business - Costing Issues.- 6. Contemporary Business Tactical/Operational Planning and Decision Making.- 7. Contemporary Business Management Accounting for Tactical and Operational Control.- PART III: STRATEGIC MANAGEMENT ACCOUNTING IN THE CONTEMPORARY BUSINESS WORLD 8. The Nature of Strategic Management Accounting.- 9. Internal and External Analysis of the Business and its Environment.- 10. Strategy Development and Implementation.- 11. The Application of SMA to the Development and Implementation of Business Strategies.- 12. Strategy and Risk Management.- 13. Management Control and Performance Management - the Strategic Dimension.- References.