Accounting for Management Control

Bergstrand describes the aims and methods of management accounting with a view to creating a modern management control system in a large company, including: various methods of product costing, including activity based costing; extensive analyses of internal transfer pricing; budgeting; corporate investment analysis; and ways of evaluating divisions. Modern heirs of budgeting, i.e. rolling forecasts and balanced scorecards, are addressed in separate sections. There is also a chapter on the appropriate way to calculate depreciation and interest in times of inflation. These methods and techniques are described in considerable detail, but the focus is on understanding their connections and interdependencies and how they influence decision-making. Intended for management accounting and control courses at university level and MBA programs. Earlier versions have been used successfully in management training programs and by accountants working with management control issues in their daily work.