Read e-book online Financial Accounting and Management Control: The Tensions PDF

By Fredrik Nilsson, Anna-Karin Stockenstrand

This e-book is set monetary accounting and administration keep an eye on and the way those info structures are comparable in addition to how their goals clash. on the so much basic point, the target of monetary accounting is to supply vendors and funders with related details on a company's price production. the purpose of administration keep watch over, however, is to offer the board, senior executives and staff specified info for approach formula and implementation. One often-mentioned damaging impression is the danger of economic accounting affecting administration keep an eye on layout and use, making it much less proper for decision-making on the corporation point. The publication offers an research of the advanced courting among monetary accounting and administration keep an eye on. The research relies on theoretical reasoning in addition to a number of examples of the way monetary accounting criteria impact not just the yearly document but additionally the keep an eye on method. an engaging, and maybe unforeseen end is that administration keep watch over turns out to impact monetary accounting virtually up to monetary accounting impacts administration regulate. those complicated relationships, that can impact the layout and use of either monetary accounting and administration keep watch over, are mentioned intimately during this book.

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Read Online or Download Financial Accounting and Management Control: The Tensions and Conflicts Between Uniformity and Uniqueness PDF

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Extra resources for Financial Accounting and Management Control: The Tensions and Conflicts Between Uniformity and Uniqueness

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It is reasonable to expect that financial performance will probably reach a rather high level of comparability between companies, while non-financial information will be more difficult to compare. The reason is that the former type of information is already affected by various efforts to reach a high level of uniformity compared to non-financial information, which is mainly used for internal decision-making. However, it should be noted that the framework is not very detailed in the description of how the report should be prepared and what difficulties could be expected.

6 The Taipaleenm€ aki and Ik€ aheimo Framework The final and most recent framework in our overview has been developed by Taipaleenma¨ki and Ika¨heimo (2013). This framework can be used for analysing the role of IT and how it affects the convergence of financial accounting and management accounting. The authors’ starting point is that there is a tendency to converge these two information systems. e. investors) and senior executives tend to decrease. In line with this reasoning, it would be advantageous to integrate financial and management accounting and by doing so use the same performance measures externally and internally.

1996) conducted a survey with the aim of examining the links between financial accounting and management accounting in UK industrial and commercial firms. As discussed in the first chapter this study also came to the conclusion that financial accounting did not seem to influence management accounting to any great extent. At the same time the results could be interpreted in quite the opposite direction: the authors argue that the two information systems could also be so tightly interrelated that the senior executives do not even reflect upon how they are linked and in what way.

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