Preface
How to use this book
Acknowledgements
1 Introduction to management accounting
Introduction
Learning outcomes
What is the purpose of a business?
How are businesses organised?
How are businesses managed?
The changing business landscape
What is the financial objective of a business?
Balancing risk and return
What is management accounting?
How useful is management accounting information?
Providing a service
Weighing up the costs and benefits
Management accounting as an information system
It's just a phase
What information do managers need?
Reporting non-financial information
Influencing managers' behaviour
Reaping the benefits of information technology
From bean counter to team member
Reasons to be ethical
Management accounting and financial accounting
2 Relevant costs and benefits for decision making
Introduction
Learning outcomes
Cost-benefit analysis
What is meant by 'cost'?
Relevant costs:opportunity and outlay costs
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