Business Planning and Control

Business Planning and Control: Integrating Accounting, Strategy and People starts with an introduction to core areas of management accounting and business planning. It then explores relationships between strategy, management accounting information, and the design of control systems, taking into account the needs of both people and organizations. Business Planning and Control is an indispensable text for both undergraduate and postgraduate students taking modules related to management accounting and business planning and control.

Preface vii Information available on the website xi Acknowledgements xiii Part 1 Information for decision-making and financial reporting requirements 1 1 Cost behaviour and contribution 3 2 Pricing and costing in a competitive environment 29 3 Further decision-making problems 57 4 Capital investment decisions 85 5 Traditional approaches to full costing 105 6 Activity-based costing 129 Part 2 Traditional accounting controls 151 7 Budgetary control systems 153 8 Preparing the master budget 179 9 Standard costing and manufacturing methods 207 10 Control in divisionalized organizations 237 11 Control using accounting ratios 261 12 Funding the business 289 Part 3 Strategic management 311 13 Objectives, strategy and influences 313 14 Strategic analysis – the external environment 331 15 Internal appraisal of the organization 349 16 Accounting and strategic analysis 371 17 Identifying suitable strategic options 397 18 Evaluating strategies and writing the business plan 417 Part 4 Issues in management control 443 19 Budgetary control, performance management and alternative approaches to control 445 20 Strategy and control system design 467 21 Measuring shareholder value 489 22 Measuring and improving internal business processes 515 23 Complexity, uncertainty and control 539 Indicative answers to questions 561 Case information 575 Appendix – Present value table 591 Glossary 593 References 601 Index 605