Accounting for Managers: Interpreting Accounting Information for Decision-Making, Canadian Edition

PREFACE

The Canadian edition of this textbook builds on the success of the original textbook that was published in the United Kingdom. While most of the topics from the original textbook are relevant to Canadian readers, this book has been adapted to include materials, examples, and case studies with a Canadian focus. Part I provides a discussion of financial accounting, with particular focus on international financial reporting standards and practices. Part II concentrates on management accounting information for planning, decision making, and control, while Part III provides the supporting information including relevant readings that demonstrate some current research and literature in management accounting.

RATIONALE FOR THE BOOK

This book was motivated by a need for a “decision-focused” accounting textbook for both MBA and undergraduate programs. As accounting has increasingly become decentred from the accounting department in organizations, line managers in all functional areas of business are expected to be able to prepare budgets, develop business cases for capital investment, and exercise cost control to ensure that profit targets are achieved. Managers are also expected to be able to analyze and interpret accounting information so that marketing, operations, and human resource decisions are made in the light of an understanding of the financial implications of those decisions.

Most accounting textbooks are accounting centric, with chapters typically covering accounting ...