Description
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. Bruce Bowhill is Principal Lecturer and Director of Postgraduate Accounting Programmes at Portsmouth Business School. Having worked in both service and manufacturing organizations, he is particularly interested in the role of accounting information in organizations. Part one – Information for decision making and financial reporting requirements 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
