Fixed Revenue Accounting: A New Management Accounting Framework

Fixed Revenue Accounting: A New Management Accounting Framework

Author: Suzuki Kenichi

Publisher: World Scientific

Published: 2018-10-26

Total Pages: 200

ISBN-13: 9813238445

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This book is the first in the management accounting framework literature to provide readers with insights on how to manage revenue and profit models by developing relationships with customers. The Principal Editor, Professor Kenichi Suzuki, is the founding father of Fixed Revenue Accounting (FRA) and his inputs offer invaluable insights on how businesses can increase revenue and adopt preventative measures to deal with the fluctuations in the economy.FRA is a new management accounting tool that evaluates and manages the impacts of fixed customers on a company's financial health. 'Fixed customers' refer to frequent or regular customers who are expected to repeat their purchases. Their repeated purchases produce stability of revenue which in turn creates a stable profit environment and certainty. The profitability and stability generated by fixed customers can be utilized for strategic management, planning, and decision making to encourage investment for future growth.This book provides a deep understanding of the usefulness of the new management accounting tool, and covers both the introduction of the concept of FRA and accompanying case studies in the contexts of Japanese manufacturing and service companies adopting the FRA model by examining profitability, stability, and growth analysis.


Book Synopsis Fixed Revenue Accounting: A New Management Accounting Framework by : Suzuki Kenichi

Download or read book Fixed Revenue Accounting: A New Management Accounting Framework written by Suzuki Kenichi and published by World Scientific. This book was released on 2018-10-26 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first in the management accounting framework literature to provide readers with insights on how to manage revenue and profit models by developing relationships with customers. The Principal Editor, Professor Kenichi Suzuki, is the founding father of Fixed Revenue Accounting (FRA) and his inputs offer invaluable insights on how businesses can increase revenue and adopt preventative measures to deal with the fluctuations in the economy.FRA is a new management accounting tool that evaluates and manages the impacts of fixed customers on a company's financial health. 'Fixed customers' refer to frequent or regular customers who are expected to repeat their purchases. Their repeated purchases produce stability of revenue which in turn creates a stable profit environment and certainty. The profitability and stability generated by fixed customers can be utilized for strategic management, planning, and decision making to encourage investment for future growth.This book provides a deep understanding of the usefulness of the new management accounting tool, and covers both the introduction of the concept of FRA and accompanying case studies in the contexts of Japanese manufacturing and service companies adopting the FRA model by examining profitability, stability, and growth analysis.

Fixed Revenue Accounting

Fixed Revenue Accounting

Author: Kenichi Suzuki

Publisher:

Published: 2018

Total Pages: 199

ISBN-13: 9789813238435

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Book Synopsis Fixed Revenue Accounting by : Kenichi Suzuki

Download or read book Fixed Revenue Accounting written by Kenichi Suzuki and published by . This book was released on 2018 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Only Trends Matter

Only Trends Matter

Author: David Willcox

Publisher: Trafford Publishing

Published: 2013

Total Pages: 257

ISBN-13: 1466972963

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Only Trends Matter - A step change in management accounting This is not just a book for accountants; it is directed to all managers in all types of organization, commercial, public, charitable or social, that receive regular profit and loss or income and expenditure statements otherwise known as management accounts. They are the most ubiquitous financial report used in the world today. The author is not an academic and all managers, whatever their discipline should be able to relate to it. Although the author was originally a management accountant he spent the majority of his career in general management so has experienced management accounts from both perspectives. As a CEO he recognized that much time was being wasted at board meetings discussing history, prompted by the management accounts and this instigated his research to find a way of transforming management accounts into a modern day and invaluable management tool. There is a dearth of publications addressing the presentation and format of financial information despite the fact that unless it is comprehensible it is of little use as a management report. Some good managers admit that they find numerous columns of numbers difficult to understand and many don't admit it at all. It appears to be a subject that accountants give limited consideration to, and it is staggering that despite monumental changes in business technology the format and content of management accounts has changed little over 50 years or more. The book reveals that management accounts are commonly criticised by managers for being too little, too late to help them manage their day to day activities but criticism of management accounting techniques is not new, Johnson and Kaplan in their renowned book "Relevance Lost: The Rise and Fall of Management Accounting," 1987, could not have phrased it better. "Today's management accounting information, driven by the procedures and cycle of the organization's financial reporting system, is too late, too aggregated, and too distorted to be relevant for managers' planning and control decisions." Whenever presented, management accounts are out of date, they erroneously compare actual performance with a budget which becomes increasingly irrelevant as the financial year progresses, they cumulatively cover a different time period each time they're presented, they fail to consider differing numbers of days in each accounting period so there is no consistency and they take no account of seasonality, they also fail to consider the consequences of what happened in the previous financial year or what is likely to happen in future. This book sets out a system that addresses and solves all these problems with management accounts. If you are persuaded that the system can be of value to you then the book can be used as a practical, detailed guide to its implementation and use in your organization.


Book Synopsis Only Trends Matter by : David Willcox

Download or read book Only Trends Matter written by David Willcox and published by Trafford Publishing. This book was released on 2013 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Only Trends Matter - A step change in management accounting This is not just a book for accountants; it is directed to all managers in all types of organization, commercial, public, charitable or social, that receive regular profit and loss or income and expenditure statements otherwise known as management accounts. They are the most ubiquitous financial report used in the world today. The author is not an academic and all managers, whatever their discipline should be able to relate to it. Although the author was originally a management accountant he spent the majority of his career in general management so has experienced management accounts from both perspectives. As a CEO he recognized that much time was being wasted at board meetings discussing history, prompted by the management accounts and this instigated his research to find a way of transforming management accounts into a modern day and invaluable management tool. There is a dearth of publications addressing the presentation and format of financial information despite the fact that unless it is comprehensible it is of little use as a management report. Some good managers admit that they find numerous columns of numbers difficult to understand and many don't admit it at all. It appears to be a subject that accountants give limited consideration to, and it is staggering that despite monumental changes in business technology the format and content of management accounts has changed little over 50 years or more. The book reveals that management accounts are commonly criticised by managers for being too little, too late to help them manage their day to day activities but criticism of management accounting techniques is not new, Johnson and Kaplan in their renowned book "Relevance Lost: The Rise and Fall of Management Accounting," 1987, could not have phrased it better. "Today's management accounting information, driven by the procedures and cycle of the organization's financial reporting system, is too late, too aggregated, and too distorted to be relevant for managers' planning and control decisions." Whenever presented, management accounts are out of date, they erroneously compare actual performance with a budget which becomes increasingly irrelevant as the financial year progresses, they cumulatively cover a different time period each time they're presented, they fail to consider differing numbers of days in each accounting period so there is no consistency and they take no account of seasonality, they also fail to consider the consequences of what happened in the previous financial year or what is likely to happen in future. This book sets out a system that addresses and solves all these problems with management accounts. If you are persuaded that the system can be of value to you then the book can be used as a practical, detailed guide to its implementation and use in your organization.

Management Accounting in a Dynamic Environment

Management Accounting in a Dynamic Environment

Author: Cheryl S. McWatters

Publisher: Routledge

Published: 2015-12-22

Total Pages: 773

ISBN-13: 1135039380

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Whether students pursue a professional career in accounting or in other areas of management, they will interact with accounting systems. In all organizations, managers rely on management accounting systems to provide information to deal with changes in their operating environment. This book provides students and managers with an understanding and appreciation of the strengths and limitations of an organization’s accounting system, and enables them to be intelligent and critical users of the system. The text highlights the role of management accounting as an integral part of the organization’s strategy and not merely a set of individual concepts and computations. An analytical framework for organizational change is used throughout the book to underscore how organizations must adapt to create customer and organizational value. This framework provides a way to examine and analyze the organization’s accounting system, and as a basis for evaluating proposed changes to the system. With international examples that bring the current business environment to the forefront, problems and cases to promote critical thinking, and online support for students and instructors, Management Accounting in a Dynamic Environment is no mere introductory textbook. It prepares readers to use accounting systems intelligently to achieve organizational success. The authors have identified several cases to accompany each chapter in the textbook. These are available through Ivey Publishing: https://www.iveycases.com/CaseMateBookDetail.aspx?id=434


Book Synopsis Management Accounting in a Dynamic Environment by : Cheryl S. McWatters

Download or read book Management Accounting in a Dynamic Environment written by Cheryl S. McWatters and published by Routledge. This book was released on 2015-12-22 with total page 773 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether students pursue a professional career in accounting or in other areas of management, they will interact with accounting systems. In all organizations, managers rely on management accounting systems to provide information to deal with changes in their operating environment. This book provides students and managers with an understanding and appreciation of the strengths and limitations of an organization’s accounting system, and enables them to be intelligent and critical users of the system. The text highlights the role of management accounting as an integral part of the organization’s strategy and not merely a set of individual concepts and computations. An analytical framework for organizational change is used throughout the book to underscore how organizations must adapt to create customer and organizational value. This framework provides a way to examine and analyze the organization’s accounting system, and as a basis for evaluating proposed changes to the system. With international examples that bring the current business environment to the forefront, problems and cases to promote critical thinking, and online support for students and instructors, Management Accounting in a Dynamic Environment is no mere introductory textbook. It prepares readers to use accounting systems intelligently to achieve organizational success. The authors have identified several cases to accompany each chapter in the textbook. These are available through Ivey Publishing: https://www.iveycases.com/CaseMateBookDetail.aspx?id=434

Accounting for Managers

Accounting for Managers

Author: Paul M. Collier

Publisher: John Wiley & Sons

Published: 2015-06-08

Total Pages: 549

ISBN-13: 111900294X

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This revised and updated fifth edition of Accounting for Managers builds on the international success of the previous editions in explaining how accounting is used by non-financial managers. Emphasizing the interpretation rather than the construction of accounting information, Accounting for Managers encourages a critical, rather than an unthinking acceptance of accounting techniques. Whilst immensely valuable for planning, decision-making and control, users of accounting information need to recognize the assumptions behind, and the limitations of particular accounting techniques. As in the previous editions, the book links theory with practical examples and case studies drawn from real business situations across a wide range of manufacturing, retail and service industries.


Book Synopsis Accounting for Managers by : Paul M. Collier

Download or read book Accounting for Managers written by Paul M. Collier and published by John Wiley & Sons. This book was released on 2015-06-08 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: This revised and updated fifth edition of Accounting for Managers builds on the international success of the previous editions in explaining how accounting is used by non-financial managers. Emphasizing the interpretation rather than the construction of accounting information, Accounting for Managers encourages a critical, rather than an unthinking acceptance of accounting techniques. Whilst immensely valuable for planning, decision-making and control, users of accounting information need to recognize the assumptions behind, and the limitations of particular accounting techniques. As in the previous editions, the book links theory with practical examples and case studies drawn from real business situations across a wide range of manufacturing, retail and service industries.

Management Accounting

Management Accounting

Author: Hugh Coombs

Publisher: SAGE

Published: 2005-08-27

Total Pages: 364

ISBN-13: 9781853963834

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Management Accounting: Principles and Applications adopts a new and accessible approach to helping readers understand how management accounting contributes to decisions in a variety of organizational contexts. This book sets out clear explanations of practical management accounting techniques in the context of the application of these techniques to decisions. It recognizes practice through case studies and summarizes published research. Uniquely, it examines the analytical and critical issues that often influence decision makers operating within private and public sector organizations.


Book Synopsis Management Accounting by : Hugh Coombs

Download or read book Management Accounting written by Hugh Coombs and published by SAGE. This book was released on 2005-08-27 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management Accounting: Principles and Applications adopts a new and accessible approach to helping readers understand how management accounting contributes to decisions in a variety of organizational contexts. This book sets out clear explanations of practical management accounting techniques in the context of the application of these techniques to decisions. It recognizes practice through case studies and summarizes published research. Uniquely, it examines the analytical and critical issues that often influence decision makers operating within private and public sector organizations.

Management Accounting Change

Management Accounting Change

Author: Danture Wickramasinghe

Publisher: Routledge

Published: 2012-08-21

Total Pages: 568

ISBN-13: 113671393X

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Written by two experienced lecturers, this is the first student-centered textbook to bridge the technical and theoretical aspects of management accounting change. Packed full of pedagogical features, including mini-cases, learning outcomes, key terms, article summaries, key concept boxes, real-world cases, chapter summaries and further reading suggestions and resources, it is clear and accessibly written, covering all the major emerging topics in management accounting theory. Discussing technical developments in management accounting from conventional cost accounting to contemporary strategic management accounting and beyond, in four parts it: shows how conventional cost accounting techniques and management control models evolved in line with the development of mass production and bureaucracy explores how recent developments such as customer and strategic orientations in business, flexible manufacturing, post-bureaucracy, network and virtual organizational technologies implicate in management accounting provides a number of alternative theories through which the transition of management accounting from mechanistic to post-mechanistic approaches can be explained – elaborating both rational and interpretive/critical theories. This excellent text meets a desperate need for an advanced management accounting textbook that incorporates theory and practice and is accessible and engaging for all those studying in this challenging area.


Book Synopsis Management Accounting Change by : Danture Wickramasinghe

Download or read book Management Accounting Change written by Danture Wickramasinghe and published by Routledge. This book was released on 2012-08-21 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by two experienced lecturers, this is the first student-centered textbook to bridge the technical and theoretical aspects of management accounting change. Packed full of pedagogical features, including mini-cases, learning outcomes, key terms, article summaries, key concept boxes, real-world cases, chapter summaries and further reading suggestions and resources, it is clear and accessibly written, covering all the major emerging topics in management accounting theory. Discussing technical developments in management accounting from conventional cost accounting to contemporary strategic management accounting and beyond, in four parts it: shows how conventional cost accounting techniques and management control models evolved in line with the development of mass production and bureaucracy explores how recent developments such as customer and strategic orientations in business, flexible manufacturing, post-bureaucracy, network and virtual organizational technologies implicate in management accounting provides a number of alternative theories through which the transition of management accounting from mechanistic to post-mechanistic approaches can be explained – elaborating both rational and interpretive/critical theories. This excellent text meets a desperate need for an advanced management accounting textbook that incorporates theory and practice and is accessible and engaging for all those studying in this challenging area.

EBOOK: Management Accounting

EBOOK: Management Accounting

Author: John Burns

Publisher: McGraw Hill

Published: 2013-01-16

Total Pages: 669

ISBN-13: 0077152395

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A modern and contemporary approach to Management Accounting, this brand new textbook written specifically for courses in the UK and Europe provides an essential grounding for students studying both traditional and new Management Accounting techniques. Importantly, this complete text takes its readers beyond just the traditional accounting techniques, to place accounting information and the role of the Management Accountant in a broader organizational context. The text will provide a definitive education for tomorrow's "business-partner" Management Accountants and finance-literate business managers.


Book Synopsis EBOOK: Management Accounting by : John Burns

Download or read book EBOOK: Management Accounting written by John Burns and published by McGraw Hill. This book was released on 2013-01-16 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt: A modern and contemporary approach to Management Accounting, this brand new textbook written specifically for courses in the UK and Europe provides an essential grounding for students studying both traditional and new Management Accounting techniques. Importantly, this complete text takes its readers beyond just the traditional accounting techniques, to place accounting information and the role of the Management Accountant in a broader organizational context. The text will provide a definitive education for tomorrow's "business-partner" Management Accountants and finance-literate business managers.

Revenue Management

Revenue Management

Author: Ronald Huefner

Publisher: Business Expert Press

Published: 2015-05-28

Total Pages: 237

ISBN-13: 1631570943

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This book describes the emerging field of revenue management and its applications across a broad spectrum of business activity. It recounts the history and development of revenue management and addresses the analytical tools needed to integrate revenue management into management generally and financial and accounting practice in particular. Revenue Management discusses and assesses various pricing practices and other revenue management techniques. It gives particular attention to the role of capacity analysis and the connection of revenue management to the theory of constraints. While revenue management originated in the service industries, it is now practiced across a broad spectrum of business and not-for-profit organizations. This book will be a useful guide to managers at all levels who wish to give greater consideration to the importance of revenue management in their organizations. The second edition reorganizes the presentation of the subject, adds many new examples, and concludes with a chapter on emerging issues.


Book Synopsis Revenue Management by : Ronald Huefner

Download or read book Revenue Management written by Ronald Huefner and published by Business Expert Press. This book was released on 2015-05-28 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the emerging field of revenue management and its applications across a broad spectrum of business activity. It recounts the history and development of revenue management and addresses the analytical tools needed to integrate revenue management into management generally and financial and accounting practice in particular. Revenue Management discusses and assesses various pricing practices and other revenue management techniques. It gives particular attention to the role of capacity analysis and the connection of revenue management to the theory of constraints. While revenue management originated in the service industries, it is now practiced across a broad spectrum of business and not-for-profit organizations. This book will be a useful guide to managers at all levels who wish to give greater consideration to the importance of revenue management in their organizations. The second edition reorganizes the presentation of the subject, adds many new examples, and concludes with a chapter on emerging issues.

Financial and Management Accounting PDF eBook

Financial and Management Accounting PDF eBook

Author: Pauline Weetman

Publisher: Pearson Higher Ed

Published: 2015-10-07

Total Pages: 853

ISBN-13: 1292086661

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Financial & Management Accounting An Introduction seventh edition Pauline Weetman The seventh edition of this well-respected and fully updated text retains all of the features that have contributed to the book’s popularity: focus on the accounting equation, student activities and real-life commentaries throughout each chapter, a clear and accessible writing style, and inclusion of real-world case studies. With a strong emphasis on the Conceptual Framework of the International Accounting Standards Board, Financial & Management Accounting: An Introduction guides students in understanding the ‘why’ and not just the ‘what’ of financial and management accounting. Key features: New case studies containing examples from real-world companies New coverage on fair value throughout New coverage of the Strategic Report and Directors’ Report Fully up-to-date with International Financial Reporting Standards, IFRS Focuses on specific knowledge outcomes, with end-of-chapter self-evaluation Questions are graded according to difficulty to test student understanding Definitions and terminology is fully in-line with the revised IASB Conceptual Framework Experience-driven conversations between two managers are included throughout, providing a practical examination of real life scenarios. Financial & Management Accounting: An Introduction is aimed at first-level undergraduates on business studies degrees taking introductory financial and management accounting classes; first-level specialist accounting undergraduate students; introductory core accounting for MBA and postgraduate specialist Masters students, focusing on analysis through the accounting equation and a questioning approach to problem solving; and professional courses where accounting is introduced for the first time. “MyAccountingLab advert” Pauline Weetman BA, BSc (Econ), PhD, CA, FRSE, is Professor Emerita of Accounting at the University of Edinburgh, and has extensive experience of teaching at undergraduate and postgraduate level, with previous chairs held at Stirling, Heriot-Watt, Strathclyde and Glasgow Universities. She received the Distinguished Academic Award of the British Accounting Association in 2005. She has convened the examining board of the Institute of Chartered Accountants of Scotland and was formerly Director of Research at ICAS.


Book Synopsis Financial and Management Accounting PDF eBook by : Pauline Weetman

Download or read book Financial and Management Accounting PDF eBook written by Pauline Weetman and published by Pearson Higher Ed. This book was released on 2015-10-07 with total page 853 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial & Management Accounting An Introduction seventh edition Pauline Weetman The seventh edition of this well-respected and fully updated text retains all of the features that have contributed to the book’s popularity: focus on the accounting equation, student activities and real-life commentaries throughout each chapter, a clear and accessible writing style, and inclusion of real-world case studies. With a strong emphasis on the Conceptual Framework of the International Accounting Standards Board, Financial & Management Accounting: An Introduction guides students in understanding the ‘why’ and not just the ‘what’ of financial and management accounting. Key features: New case studies containing examples from real-world companies New coverage on fair value throughout New coverage of the Strategic Report and Directors’ Report Fully up-to-date with International Financial Reporting Standards, IFRS Focuses on specific knowledge outcomes, with end-of-chapter self-evaluation Questions are graded according to difficulty to test student understanding Definitions and terminology is fully in-line with the revised IASB Conceptual Framework Experience-driven conversations between two managers are included throughout, providing a practical examination of real life scenarios. Financial & Management Accounting: An Introduction is aimed at first-level undergraduates on business studies degrees taking introductory financial and management accounting classes; first-level specialist accounting undergraduate students; introductory core accounting for MBA and postgraduate specialist Masters students, focusing on analysis through the accounting equation and a questioning approach to problem solving; and professional courses where accounting is introduced for the first time. “MyAccountingLab advert” Pauline Weetman BA, BSc (Econ), PhD, CA, FRSE, is Professor Emerita of Accounting at the University of Edinburgh, and has extensive experience of teaching at undergraduate and postgraduate level, with previous chairs held at Stirling, Heriot-Watt, Strathclyde and Glasgow Universities. She received the Distinguished Academic Award of the British Accounting Association in 2005. She has convened the examining board of the Institute of Chartered Accountants of Scotland and was formerly Director of Research at ICAS.