Accounting for Managers: Interpreting accounting information for decision-making
INTERPRETIVE AND CRITICAL PERSPECTIVES ON ACCOUNTING 57 The organization as a CLOSED SYSTEM protected from its environment by a ...
58 ACCOUNTING FOR MANAGERS environments select organizations for survival on the basis of the fit between the organizational for ...
INTERPRETIVE AND CRITICAL PERSPECTIVES ON ACCOUNTING 59 The functional paradigm relies on an ‘objectively knowable, empirically ...
60 ACCOUNTING FOR MANAGERS Culture, control and accounting............................. Allaire and Firsirotu (1984) contrasted ...
INTERPRETIVE AND CRITICAL PERSPECTIVES ON ACCOUNTING 61 Langfield-Smith (1995) contrasted culture as the setting for control; as ...
62 ACCOUNTING FOR MANAGERS capitalism’s unequal and antagonistic social relations. (Neimark and Tinker, 1986, p. 378) Neimark an ...
INTERPRETIVE AND CRITICAL PERSPECTIVES ON ACCOUNTING 63 to change the course of events, to overcome resistance, and to get peopl ...
64 ACCOUNTING FOR MANAGERS The aim of critical management accounting is to promote a greater level of self-awareness in manageme ...
INTERPRETIVE AND CRITICAL PERSPECTIVES ON ACCOUNTING 65 Hopper, T., Otley, D. and Scapens, B. (2001). British management account ...
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6 Constructing Financial Statements and the Framework of Accounting This chapter introduces each of the principal financial stat ...
68 ACCOUNTING FOR MANAGERS Although the requirement for a true and fair view is subjective and has never been tested at law, it ...
CONSTRUCTING FINANCIAL STATEMENTS 69 Reporting profitability Businesses exist to make a profit. Thus, as we saw in Chapter 3, th ...
70 ACCOUNTING FOR MANAGERS Expenses will include all the other (selling, administration, finance etc.) costs of the business, th ...
CONSTRUCTING FINANCIAL STATEMENTS 71 customer goodwill of a business or its intellectual property, e.g. its ownership of patents ...
72 ACCOUNTING FOR MANAGERS (capital). This is called the accounting equation: assets=liabilities+capital or assets−liabilities=c ...
CONSTRUCTING FINANCIAL STATEMENTS 73 the month of March, even if the bill has not yet been received. If the prior year’s bill wa ...
74 ACCOUNTING FOR MANAGERS It is important to recognize that the cash outflow of £100,000 occurs when the asset is bought. The d ...
CONSTRUCTING FINANCIAL STATEMENTS 75 Table 6.5 Cash Flow statement Net cash inflow from operatingactivities (see Note 1) 115,000 ...
76 ACCOUNTING FOR MANAGERS comprise creditors and accruals. The other element of working capital isbank, representing either sur ...
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