Description

The first part, Management Accounting, focuses on the decision-facilitating role of internal accounting information; that is, costing and performance information intended to support managerial decision-making. After introducing the fundamental concepts of cost and management accounting, the authors explore the allocation of indirect costs in greater depth.Recognising that different costs are required for different purposes, they discuss a wide range of short-term decisions. The first part closes with an explanation of the technique of variance analysis.

The second part, Management Control, focuses on the decision-influencing role of internal accounting information; that is, the control practices that managers can implement to achieve strategic alignment. The authors discuss the design of control practices drawing on theories from both behavioural economics (e.g., agency theory) and psychology (e.g., self-determination theory). Rather than treating control practices in isolation, the authors explain how they combine to form a management control package. Special attention is given to controls for organisations pursuing environmental and social objectives alongside financial ones.

Sophie Hoozée is associate professor of Management Accounting and Control at the Faculty of Economics and Business Administration at Ghent University. She is an expert in the design of management accounting and control systems in contexts with a societal impact, such as health care and recycling.

Sophie Maussen is associate professor of Management Accounting and Control at the Faculty of Economics and Business Administration at Ghent University. She is an expert in behavioural research on the decision-facilitating and decision-influencing roles of managerial accounting information.

Patricia Everaert is full professor of Accounting at the Faculty of Economics and Business Administration at Ghent University. Her expertise lies in financial and cost accounting, with a particular interest in research within Accounting Education.

Werner Bruggeman is emeritus professor of Management Accounting and Control at Ghent University and Vlerick Business School. He has decades of experience advising companies on the optimisation of their management control systems