Explains the contemporary role of management accounting in organisations and demonstrates how it creates and enhances value for shareholders. This text has been developed using major cases based on real Australian businesses and includes numerous illustrations of current management accounting practices of organisations in Australia, New Zealand and the wider Asia-Pacific region. It takes a broad perspective in viewing management accounting as the efficient and effective use of resources, supporting managers in the improvement of customer and shareholder value. The strategic and topical focus has been further developed and strengthened, new questions have been added, text-flow streamlined and extensive revisions have been made to capital expenditure decisions, activity and target-based costings, corporate social responsibility, and supply chain management.
Author: Langfield Smith & K Thorne