Management Accounting: Focus on Strategic Management

Author: Morse
Publisher:
Publish Date: 2005-04-01
Features: Management accounting is more of a management control system serving the overall strategic development goals of the enterprise rather than a mere accounting management method. The tendency of modern management accounting to align with the characteristics of corporate strategic management has become increasingly evident. This book places management accounting within a broader context, encompassing various fields such as cost accounting, financial management, production management, statistics, marketing, corporate policy, and more. It focuses on explaining how to apply strategic management methods and management accounting information, combined with practical examples, to organize overall strategic planning, thereby effectively implementing decision-making management and placing management accounting thinking within the framework of corporate strategic management. The book covers topics such as strategic positioning analysis, diversified cost driver types, activity-based costing under the value chain system, budget management based on activities, multi-level activity management, target costing-guided product design, inventory valuation under the theory of constraints, performance evaluation under activity management and just-in-time management, successful case studies of benchmarking, cost and price decision-making under continuous improvement methods, activity-based costing and business process reengineering, as well as new theories such as ERP systems and 6σ management.
In addition to the above innovations in content, the book also features the following:
· Practical Application: At the beginning of each chapter, the key issues to be discussed are presented in a practical application context, using a systematic case study to explore how business managers can apply management accounting methods and concepts to actual management practices.
· Case Studies: Throughout all chapters, the author selectively incorporates various small-scale cases to illustrate points (typically 4-5 cases per chapter), emphasizing how to effectively apply various management accounting concepts and methods in business practice, as well as the unique characteristics observed in different enterprises' applications.
· Research Demonstrations: In all chapters, the author provides small-scale research demonstrations to showcase recent academic achievements, enabling readers to gain a deeper understanding of the development of management accounting and its current state of practical application.
Finally, it is important to emphasize that this book is more akin to a small encyclopedia related to management accounting than a textbook. It is not only rich in content but also highly practical, supplemented by numerous cases, making it highly readable. It is suitable not only for college students and teachers but also for business managers to read and use.