Accounting for the Organisation's Internal Environment and Risk: Costing and Control
Authors: John Bradshaw, Carolyn Fowler Chris Hunt & Bhagwan Khanna
Published: 2008
Publisher: Prentice Hall / Pearson
Format: Paperback
Pages: 318
Suitable: Tertiary / Higher Education
In the changing and sometimes volatile world in which organisations operate and do business, management accounting and management accountants are responsible for the costing, control, and performance information that support management decision-making; the optimising of organisational performance; and the managing of business risk exposure. The strategic choices of these organisations determine the sources and types of relationships that organisations will engage in, both within their internal operating environments and their external business environments.
Organisations have a greater capacity to control their internal operating relationships (whether these are organisation to people, people to people, people to physical assets, or physical assets to physical assets) than they do their external business relationships, which have different sources and types of uncertainty and risk.
In this book, the focus is on the internal operating environment of the organisation. It looks at how management accounting tools, techniques, and frameworks assist management accountants to identify the information and reporting needs of management for managing and treating various sources and types of internal operating uncertainty and risk, so as to optimise organisation performance.
Code: 9781442503175