When buying a book to access information, one expects the guidance required will be all available in the book. However, when a person finds out they need other books to get the right knowledge it becomes frustrating. This has been the reason for the publishing of the Management Accounting 2nd Edition. It is inclusive of all the students need in terms of showing how to apply decision making plus critical thinking skills. It is unlike other books only concentrating on content knowledge. This makes it a resource used widely by the accountants and managers.
The tune of economics is changing every day
The tune of economics is changing every day. This means publications need to be revised. For the case of the Management Accounting 2nd Edition Eldenburg it has been revised to help address the growing global needs in business. The challenges experienced on a daily basis and the competitive market makes cost accounting a crucial tool in the business world.
Decision making has become a critical skill in the private and public companies. For the entrepreneurs they also need it. This book helps demonstrate how different factors affect the decision a manager will make. The different factors include limitations, implications of a certain behavior assumptions made and other qualitative factors. Students reading this resourceful package will bridge the gaps existing between abilities, knowledge acquired and their skills.
Friendly writing style
Acquisition of knowledge is a not a one day event and can be tiring. To avoid tiring the reader, the authors of the book Management Accounting 2nd Edition has ensured realistic examples are given. This fosters quick understanding. The chapters are also well written to ensure they do not look too wordy. It is also realistic in terms of the problems and possible solutions. Unique and real problems presented help a person to know the complexity of the office work and how to work smoothly.
The publication has been noted to be an all-time classic due to the coverage of different topics. This includes Small and Medium Enterprises (SMEs), retail industry, manufacturing, non-profit plus the service industry. It also consists of the process of managing risks and how to control the risks. Control processes plus the strategies to be applied in different occasions are also well discussed.
The added part
Additions have been made to the new edition. This includes adding some chapters covering rewards, risk management and incentives. This includes how to motivate performance and the best reward structures to put in place. Sustainability management accounting is also a new chapter. It discusses in details the importance of sustainability and carbon kind of accounting and the management controls.
Authors
The publication has been compiled by Albie Brooks who works as a senior teaching staff in the University of Melbourne. Brooks teaches management accounting and has carried out research in fields like innovation in the management accounting and corporate governance procedures. Other authors include Judy Oliver who has an experience of teaching in the Victoria University for 20 years. Leslie Eldenburg from the University of Arizona, Susan Wolcott of Wolcott Lynch Associates and Gillian Vesty of RMIT University have also helped compile the book.