Accounting for Decision Making and Control 8th Edition PDF Download Ebook. Jerold Zimmerman offers understanding appreciation of the strengths and limitations of an organization’s accounting system, thereby allowing them to be more intelligent users of these systems. The book demonstrates that managerial accounting is an integral part of the firm’s organizational architecture, not just an isolated set of computational topics.
The end-of-chapter materials have been drawn from real companies, and are great for use in classroom discussions. End-of-Chapter material consists of problems and cases drawn from actual company applications described by Zimmerman's former students based on their work experience and his consulting experience. These problems and cases help in developing "critical thinking" skills, and require students to write short essays after preparing their numerical analysis.
It is unique in its conceptual framework organized around the themes of "opportunity cost" for decision making and "organizational theory" for control. When making business decisions, managers must focus on the "opportunity cost" (benefit vs sacrifices of an alternative method of action), and "organizational design" (present structure, strategy, and incentives of a business). Zimmerman has students think about the entire organization, and how the decisions will impact the company as a whole.
Economic Darwinism implies that accounting systems that survive in competitive industries must be yielding benefits that are least as large as their costs. This is a central theme of the textbook and it is useful to understand that today's managers are struggling with the same accounting issues as their predecessors which entails that students will also be struggling with the same problems.
Managers in all organizations, throughout their professional careers, interact with their accounting systems as it is both a source of information for decision making and part of the organization’s control mechanisms. This book provides a framework for thinking about accounting systems and a basis for analyzing proposed changes to these systems.
Focusing on how organizations work, this text is ideal for those instructors wanting to teach their students how accounting impacts managerial decisions. Marketing, finance and human resources are considered throughout the text and in the end-of-chapter exercises.
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