With a strong international focus, this text covers established and contemporary issues within management and cost accounting. Drawing on the latest research and surveys, the authors bring technical and theoretical concepts to life through extensive use of real world examples and case studies.
This insightful analysis explores the technological forces reshaping the accounting profession and outlines essential strategies for adaptation. Al Bhimani, a respected accountant and academic, reveals how traditional business fundamentals are being overshadowed by digitalization. Readers will discover the impact of big data and AI on audit work and financial management, emphasizing the necessity of learning quickly from diverse data sources in today's accounting landscape. The text argues that accounting information must evolve to forecast future events rather than merely reflect past financial activities. It addresses the imperative for finance to adjust to a rapidly changing environment characterized by new risks, data proliferation, and heightened regulation. Bhimani asserts that accounting must fundamentally transform, as conventional financial analysis is becoming inadequate for executives in digital organizations. Through a clear, illustrated approach filled with case studies and practical examples, he demonstrates how technologies like big data, blockchain, robotic process automation, and AI can empower accountants to navigate these new challenges. This book is essential for finance leaders in both private and public sectors and serves as a valuable resource for accounting students preparing for the evolving professional landscape.
Including European and Harvard Business School cases, this book has been adapted to suit a UK/European syllabus. The Euro is used as the reference currency throughout the text, whilst a range of individual currencies are used in the questions.
With a strong international focus, this text covers established and contemporary issues within management and cost accounting. Drawing on the latest research and surveys, the authors bring technical and theoretical concepts to life through extensive use of real world examples and case studies.
This European adaptation of Horngren, Foster and Datar's leading US text, Cost Accounting: A Managerial Emphasis is the most comprehensive in its field. It combines the quality, technical rigour and clear, punchy writing style of the original text with significant new European content, chapter re-organisation, cases and applications, illustrating company practice across Europe. The end of chapter assignments progress from short discursive questions through simple exercises to more advanced professional examination questions, with solutions to selected questions provided at the back of the book. Suitable for introductory to intermediate level undergraduate and MBA/postgraduate modules in Cost/Management Accounting. Also appropriate for use by UK professional accounting body students. *The only Management and Cost Accounting text to include European and Harvard Business School Cases (17 in total). *Euro used as the reference currency throughout the text, whilst a range of individual European currencies are used in the question sections. *Up-to-date professional accountancy questions, including some from Eire. *Sequence of chapters adapted to suit UK/European syllabus.
Explains using straight-forward language, extensive practical illustrations
and case studies how technology and innovation-based start-ups can adopt and
use a financial toolkit that is simple, effective and focused on their needs.