Managerial Uses Of Accounting Information

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This book is an invitation to study managerial uses of accounting infonnation. Three themes run throughout. First, the accounting system is profitably thought of as a library of financial statistics. Answers to a variety of questions are unlikely to be found in prefabricated fonnat, but valuable infonnation awaits those equipped to in the accounting library is most interrogate the library. Second,...

Paperback: 656 pages
Publisher: Springer; Softcover reprint of the original 1st ed. 1997 edition (February 1997)
Language: English
ISBN-10: 0792398475
ISBN-13: 978-0792398479
Product Dimensions: 6.1 x 1.5 x 9.2 inches
Amazon Rank: 9066908
Format: PDF ePub fb2 djvu book

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Of "possible" use for the graduate student, but practically useless for undergrads (which for some reason, this book is being used to teach). Anyone who has spent any time outside of the academic realm that has a profession involving actual decision ...

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ation unlikely to be the only infonnation at the manger's disposal. So knowing how to combine accounting and nonaccounting bits of infonnation is an important, indeed indispensable, managerial skill. Finally, the role of a professional manager is emphasized. This is an individual with skill, talent, and imagination, an individual who brings professional quality skills to the ta sk of managing. This book also makes demands on the reader. It assumes the reader has had prior exposure to financial accounting, economics, statistics, and the economics of uncertainty (in the fonn of risk aversion and decision trees). A modest acquaintance with strategic, or equilibrium, modeling is also presumed, as is patience with abstract notation. The hook does not make deep mathematical demands on the reader. An acquaintance with linearprogramming and the ability to take a simple derivative are presumed. The major prerequisite is a tolerance for (if not a predisposition toward) abstract notation. This st yle and list of prerequisites are not matters of taste or author imposition.