Business Planning and Control
Integrating Accounting, Strategy, and People
1. Edition April 2008
640 Pages, Softcover
Wiley & Sons Ltd
Short Description
Academic fields such as management accounting, business strategy, and decision support systems all deal with elements of business planning and control. However, university courses on these subjects may be taught at different stages and in different contexts with the result that the relevance of theory to the specific problem area of planning and control is not always obvious. Business Planning and Control provides an integrative approach to business planning and control by combining elements of: financial planning, management accounting and control, and decision support systems.
Business Planning and Control: Integrating Strategy, Accounting and People starts with an introduction to core areas of management accounting and business planning. It explores relationships between strategy, management accounting information, and the design of control systems, taking into account the needs of both people and organizations.
FEATURES:
* Provides an integrative approach to business planning and control
* Includes a specific focus on the design of planning and control systems
* Considers key techniques of long-range business planning
* Uses management accounting techniques for operational, managerial and strategic purposes
* Provides case study information to form a thematic thread throughout the text.
Business Planning and Control is an indispensable text for undergraduate students taking management accounting modules and for postgraduate students who need an understanding of the fundamentals of business planning. Practising managers will also find this book provides an alternative to many traditional management accounting and business planning texts.
Cost behaviour and contribution
Pricing and costing in a competitive environment
Further decision-making problems
Capital investment decisions
Traditional approaches to full costing
Activity based costing
Part two - Traditional accounting controls
Budgetary control systems
Preparing the master budgets
Standard costing and manufacturing methods
Control in divisionalized organizations
Control using accounting ratios
Funding the business
Part three - Strategic management
Objectives, strategy and influences
Strategic analysis - the exterial environment
Internal appraisal of the organisation
Accounting and strategic analysis
Identifying suitable strategic options
Evaluating strategies and writing the business plan
Part four - Issues in management control
Budgetary control, performance management and alternative approaches to control
Strategy and control system design
Measuring shareholder value
Measuring and improving internal business processes
Complexity, uncertainty and control
Indicative answers to questions
Case information
Appendix - Present value table
Glossary
References
Index