Accounting for Managers: Interpreting accounting information for decision-making

SUBJECT INDEX 471

Enron, 31, 33, 100
Environmental accounting –seeSocial and
environmental reporting
Equity, 13
Ethics, 99 – 100
European Foundation for Quality
Management –seeBusiness
Excellence model
EuroRail, 174 – 5
Expenses, 26, 69, 155, 162 – 6

Facility-sustaining activities, 169
Feedback, 39, 225
Feedforward, 39
Financial accounting, 4, 18
Financial management, 14, 18
Financial Reporting Review Panel, 68
Financial Reporting Standards (FRS), 68, 72
Financial reports, 26, 29, 67 – 75, 83 – 4, 156
Financial statements –seeFinancial reports
Finished goods, 123
Fixed assets, 70
Fixed costs, 105, 109, 161 – 6
fixed cost variance, 237
Flexible budgeting, 226 – 7
Forecast, 207
Free cash flow, 16
Full cost, 111, 166, 203
Functional paradigm, 58
Functional structure, 19 – 20
Future cost, 35

Garbage can theory, 55
Gearing, 84, 86, 89
ratio, 85 – 6
Generally Accepted Accounting Principles
(GAAP), 68
General Electric Company, 197
General Motors, 6, 204
Goal congruence, 78
Going concern, 33
Goliath Co. (case study), 189 – 91
Gross margin, 88
Gross profit, 69, 88, 155
to sales (ratio), 85

Historic cost, 32, 35
History of accounting, 5 – 6
Hitachi, 172
Human resources, 141

Income, 26, 69
Income tax, 70, 183
Incremental budget, 208
Indirect cost, 141 – 2, 156, 158, 163
indirect labour cost, 143, 157
indirect materials, 157

Industrial Revolution, 6, 10, 51

Institutional theory, 58, 96 – 7

Intangible fixed assets, 70

Intellectual capital, 96, 104, 141

Interest, 14, 70

interest cover (ratio), 86, 89

Internal rate of return (IRR), 188 – 9

International Accounting Standards Board

(or Committee), 68, 171

International comparisons, 171

Interpretive perspective (or paradigm), 58,

59 – 61, 247 – 50

Inventory, 27, 69, 71, 73, 75, 77, 100, 122,

156, 162, 214

Investment appraisal –seeCapital

investment

Investment centres, 20, 196

Investors in People, 46

ISO 9000, 46, 135

Italy, 5

Japan, 171–3

Job costing, 123

Just-in-time (JIT), 9, 46, 77, 125, 238 – 9

Kaizen costing, 135

Keiretsu, 171

Labour, 141–6

cost, 143

oncost, 142

relevant cost, 144 – 6

variances, 233 – 5

Labour process theory, 61

Latin terms, 6

Ledger, 27

Liabilities, 26, 30, 71 – 2

Lifecycle costing, 133 – 4, 160, 173

Limited liability, 13

Limiting factor, 127 – 8

Line items, 31, 34

Liquidity, 84, 85, 89

Long-term liabilities, 71

Machine hour rate, 162

Majestic Services (case study), 199

Make-ready time, 125

Make versus buy, 130, 145 – 6

Management accounting, 5, 6, 18, 34, 42 – 3

limitations, 159 – 61

Management Control Association, 53

Management control, 37 – 43, 78, 170

Manufacturing, 122 – 5, 126, 147

budget example, 214 – 16

Margin, 111