Performance Measurement and Management
A Strategic Approach to Management Accounting
- Malcolm Smith - Edith Cowan University, Australia
modern global businesses. This book sets out key strategic principles and then assesses how management accountancy can affect and direct these strategies. Engaging case studies reveal how theories and concepts translate into real business practice. Throughout, the book emphasizes:
- how accounting initiatives can trigger assessment and improvement of
- the importance of managerial decision making to good business practice
- how today's management accountancy measures against current research
Written for advanced undergraduate, postgraduate and MBA students taking
courses on management accounting and performance measurement and
management, the book will be also of interest to management and business
consultants, professional accountants and accounting academics.
Students thought that this book was easy to follow and understand
This book presents a comprehensive approach to performance measurement and management. Topics as diverse as information systems, financial analysis, strategic analysis, consumer analysis, processes, or human resources are discussed within the performance management perspective. This text clearly demonstrates the interdisciplinarity required when it comes to issues of management accounting. Perhaps it could be less dense and more attractive (color, for example), but it is still an excellent and recommended book.
Recommendable for above level 7
How the book was used. I have personally read through a couple of principal pages of the book. As I found the book to be step-by-step in its presentations, I sent it to class on two different periods and talked about it to students and also passed it round for them to check its contents. Most of the got interested and asked whether our library holds copy.
Among similar books, my particular attachment to Smith's book is that unlike others, it integrates strategy, general management and management accounting in addressing a single issue: performance measurement and management. Hence it is a real integrated performance framework. I recommend the book highly to lecturers, students and especially those of us in consulting busines.
Obi Berko Damoah.