Essentials of Management Accounting in Business

Management accounting is crucial for efficient business management, especially in the areas of: formulation of strategy; planning; the measurement and control of performance; decision-making; ascertaining income and costs and establishing prices. In this authoritative introduction to the subject, the authors explain and illustrate the ways in which management accounting works in all its phases – from the determination of figures, through their presentation and interpretation, to their application in business management.