Subject Index
ABC analysis, 77
Absorption costing, 161 – 6
Acid test (ratio), 85, 89
Account(s), 4, 26 – 7, 67
Accounting,
and strategy 17 – 18
critical (defined), 62
defined, 3, 4
entity, 31
equation, 30, 72
in action, 59
period, 31
principles, 31, 68, 72
standards, 68, 100
system, 25
Accounting rate of return (ARR), 183,
184 – 6, 189
Accounting Standards Board, 68, 84
Accountability, 4
Accrual accounting, 72
accruals, 32, 72 – 3, 100
Activity (ratios), 86 – 7, 89
Activity-based budgeting, 208
Activity-based costing, 126 – 7, 146 – 8,
160 – 1, 166 – 70, 173, 250
Activity-based management, 9, 241
Agency theory, 50, 78 – 9, 94, 173, 204, 249
Agriculture, 19
Allocation base, 162 – 6
Amortization, 74
Annual Report, 83 – 4
Arthur Andersen, 33
Assets, 26, 30, 70 – 1
asset turnover (ratio), 86
Audit, 67
Avoidable costs, 116
Bad debts, 76
Balance Sheet, 26, 30, 67, 70 – 2, 84
Balanced Scorecard, 42, 43 – 5, 51, 182, 250
Bank, 75
Batch, 123 – 4, 169
Behavioural implications, 173 – 5
Benchmarking, 84
Beyond Budgeting Round Table, 224
Bill of materials, 123, 157
Bottlenecks, 128 – 9
Bounded rationality, 50, 55, 204
Breakeven point, 107–8
Budget, 42
bottom-up, 209
budgetary control, 225 – 6
budgeted overhead rate, 162 – 6
budgeting, 182, 207 – 10, 219 – 22
cycle, 209
defined, 207
top-down, 208
Business cycle, 32
Business events, 25
Business Excellence model, 45, 136
Business Process Re-engineering (BPR), 9,
122, 147, 240Capacity, 113, 126 – 9
Capital, 26, 71 – 2
cost of, 14, 187, 189
employed, 13
market, 13, 15
Capital investment, 31, 112, 131, 182 – 3
Capitalize, 31, 73, 100
Carringtons Printers (case study), 97
Cash, 27
accounting, 72
cost, 34
flow, 31, 183
forecasting, 216 – 19
Cash Flow statement, 67, 74 – 5, 84
Cash Value Added (CVA), 187 – 8, 189