The first edition of this book was universally acclaimed as a major contribution to the teaching of management accounting. The authors’ great achievement has been to place management accounting in its proper context within a realistic management control system. Without ignoring the technical side of management accounting, they demonstrate vividly that the behavioural and organizational aspects are of equal importance.
For this edition, the prestigious author team is joined by Kenneth Merchant of the University of Southern California. Together they have thoroughly revised and updated the text, and greatly increased its internetionalrelevance. The emphasis on management control has been strengthened, and many examples and end-of-chapter exercises have been added as well as a new section of case studies at the end of the book, increasing the value of the text to postgraduate and MBA students in management control and on management courses generally.