Textbook
Management Accounting
Companies need financial professionals who know how to communicate not only what a company spent but also how it consumed that spending and where it provided value and allignment to strategy. The financial skills that are needed are those which allow us to focus on the future as well as the past, with a common thread of creating value. Whether an enterprise intends to earn money for owners and stockholders or is a not-for-profit organization, the goal is the same: creating value. One company may be improving workforce conditions while another may be investing in new product development based on customer feedback. Whatever the strategy, the only management accounting textbook that understands and teaches how to use measurement and management system for the value creation is Management Accounting, Fourth Edition, by Anthony A. Atkinson, Robert S. Kaplan, and S. Mark Young.
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