The Details of Management Accounting as a Practice - Coursework Example

?Annotated Bibliography Ahrens, T & Chapman, C 2007, Management accounting as practice, Accounting, Organizations and Society, vol. 32, pp 27. This book gives the details of management accounting as a practice. It also gives more information on management accounting practices. It states the best in management accounting advise such as how to apply the budgeting process, the impacts of a budget and how to incorporate a budget in an organization. I can use this to illustrate the role played by a budget in management accounting. This book concludes that budgeting is important in managing a business and this is true since it forecasts profitability, costs and thus used for decision making. Available at: . Anderson, DR, Sweeny, DJ, Williams, TA & Martin, RK 2007, An introduction to management science: Quantitative approaches to decision making, 12th edn, Cengage Learning. This book is quite helpful in the field of management accounting and the quantitative perspectives in decision making. The book has a great deal of citations proving academic value of wide content. The methods, calculations and examples in the book are accurate and simple to understand and can be used for real world cases. This text demonstrates how quantitative measures including labour costs, units produced and hours worked can be analysed and findings used for decision making. I will use this book to show how quantitative measures can be applied in management accounting mainly in budgeting. This book shows the relevance of quantitative measures in decision making and I agree with this concept. Available at: . Atrill, P & McLeany, E 2003, Accounting and finance for non-specialists, 4th edn, Financial Times/Prentice Hall. In this edition, the text introduces fundamental values and principal concepts of accounting and finance. It takes on practical and non-technical perspectives that I can apply in management accounting and decision making. The text is written from a 'user' perspective, signifying ways in which accounting statements and financial information can be used to develop the value of decision making. This book gives the relationship between the financial and accounting principles and this has been proven by studies over the years. Available at: . Atrill, P & McLeany, E 2009, Management accounting for decision makers, 6th edn, Financial Times/Prentice Hall. This book gives a clear understanding of management accounting and how it is applied in decision making. This edition gives an introduction to the main principles in management accounting including costing, budgeting and strategic management accounting with a strong practical importance and avoids extreme technical aspects. It gives a clear description on how accounting information can be used by management to better the quality of decision making. I can use this book to discuss the major areas in my proposal which are: budgeting, strategic management accounting and decision making. The text delves on the positive impacts of proper management accounting in decision making process. Available at: . Callahan, KR, Stetz, GS & Brooks, LM 2007, Project management accounting: Budgeting, tracking, and reporting costs and profitability, John Wiley and Sons. The concepts in this text are centred on sound accounting practices that are used to improve the management of firms and their projects. The book gives information on how to budget appropriately and equips the management with a profound business approach in present and future operations. The book indicates that management accounting involves costing, analysing profitability and budgeting. I concur with the information in the text concerning budgeting and costing and the role they play in management accounting. Available at: . Drury, C 2007, Management and cost accounting, 7th edn, Cengage Learning EMEA. This book is a leading text on management accounting as it gives a comprehensive understanding of the topic. The edition has been streamlined to shorten it and make it easier. It explains the principles used in the formulation and evaluation of cost accounting and management accounting systems. This book demonstrates how cost accounting is used by management to examine costs that are used in management accounting for decision making. The books shows the link between management accounting and cost accounting and illustrates how can be applied in the decision making process. Available at: . Horngen, CT, Datar, SM & Foster, G 2005, Management and cost accounting, 3rd edn, Prentice Hall. This book has a wide range of information to serve the needs of professionals, instructors and student by discussing contemporary matters in management accounting and cost accounting. The book is based on recent studies and surveys that express theoretical perspectives using real world situations. This text can be applied in this case since it analyses practical situations like the one in the proposal. The text states the value of management accounting in organizations in dealing with various situations including change and competition. The text concludes that management accounting is used to handle different issues in organizations and I agree with this statement. Available at: . HubPages 2011, Managerial accounting –decision making: Relevant costs & benefits, viewed 25 May, 2011, . This site provides important information concerning management accounting and how it can be used in the decision making process. It gives a guideline to the management on how to go about a successful decision making process. I can use this book to explain the management accounting concept and how it is used by businesses in decision making. The site gives the steps that should be used by the firm in the decision making process and how they are related to management accounting. I agree with the concepts of management accounting and decision making expressed in the text. Available at: . Kim, C & Maurborgne, R 2004, Blue ocean strategy, Harvard Business Review. This book analyses the competitive advantage, differentiation and market share wars among companies. It suggests strategic approaches that are employed by companies to remain at the top of the competitive ladder. The book suggests strategic management accounting as one of the measures taken by companies to compete against its rivals. This text demonstrates the importance of strategic management accounting to businesses given the current market conditions. I am in agreement with the way the text expresses competition among different firms. Available at: . Proctor, R 2006, Managerial accounting for business decisions, 2nd edn, Prentice Hall/Financial Times. This mainly focuses on the needs for non-specialist accounting students and aims to set management accounting in the modern world context. This gives a better understanding of the principles of management accounting and the contribution to the management process. These principles include budgeting and strategic management and how they are applied in management accounting to improve the firm’s performance. I hold the same opinion with the text concerning the use of management accounting tools in decision making. Available at: . Shim, JK & Siegel, 2009, JG, Budgeting basics and beyond, 3rd edn, John Wiley and Sons. This book is a hassle-resource that makes the budgeting process simpler and more effective. It equips managers with the necessary skills for better budgeting. It gives case studies, illustrations, graphs, samples and worked-out answers to a wide range of planning, budgeting and control problems. The firm being studied experiences problems in the areas discussed in the text which are control issues, budgeting and planning problems. The book gives examples of such problems through case studies and gives the skills required by management to solve them. I have chosen this text since it is related to the issues discussed in the proposal. I agree with the concept expressed on the use of management accounting to deal with control issues and solve budgeting problems. Available at: . Simons, R 2000, Performance measurement & control systems for implementing strategy, Prentice Hall, New Jersey. The book provides an action based roadmap in respect to control techniques required to run a business efficiently. It further focuses on new management accounting techniques particularly strategic management accounting. The book explains how management accounting is used for assessing the performance of the business. It shows how the control systems in a firm are used to implement strategic management accounting leading to better performance by the business. I concur with this text on the use of strategic management accounting to improve performance in businesses. Available at: . Sisaye, S 2006, The ecology of management accounting and control systems: Implications for managing teams and work groups in complex organizations, Greenwood Publishing Group. According to this book there have been changes in the operations of management control, budgetary controls, and structures in organizations. The book justifies the importance of management accounting systems in businesses in the contemporary world. It also explains management accounting can be used in the decision making process in organizations. I concur with the view of importance of the controls and structures in management accounting and how they facilitate decision making. Available at: . Thomson, JL & Martin, F 2005, Strategic management: Awareness and change, 5th edn, Cengage Learning EMEA. This book is important for student in different levels of learning. It gives a detailed analysis of the traditional accounting methods and it is based on the mini-case perspective. This book explains how business use strategic management accounting to deal with external and internal changes. This book gives a detailed account of the concept of strategic management as a new trend being applied in management accounting to adapt to changes, market positioning and competition between different firms. I concur with this text on the application of strategic management in market positioning, competition and as a way of dealing with change in business situations. Available at: . Weetman, P 2006, Management accounting, 4th edn, Prentice Hall/Financial Times. This book gives an innovative guide in management accounting and acts as a solid foundation for further specialized study. It is well structured and gives an imaginative approach to handle practical cases like the ones in the proposal. I can use this text to illustrate the practical application of management accounting information. I agree that management accounting is used to resolve different problems in businesses. Available at: . Read More