Managerial Uses of Accounting Information [Paperback]

The second edition of Dr. Demskis book reflects his experiences teaching undergraduates, masters and doctoral students. He emphasizes economic fundamentals as the guiding foundation coupled with an artful application of those fundamentals. This applies to product costing, decision making and evaluation art. Dr. Demski has also removed a great deal of traditional minutiae, in order to keep this theme in constant focus. This thematic approach, in his experience, works in dramatic fashion, and stands in sharp contrast to more traditional presentations of this material. The book is not only for use as a textbook but also as a reference book.

The second edition of Dr. Demskis book reflects his experiences teaching undergraduates, masters and doctoral students. He emphasizes economic fundamentals as the guiding foundation coupled with an artful application of those fundamentals.

Economic Foundations: The Single Product Firm.- Economic Foundations: The Multiproduct Firm.- Accounting versus Economics.- A Closer Look at the Accountant#x02019;s Art.- The Impressionism School.- The Modernism School.- Consistent Decision Framing.- Consistent Framing under Uncertainty.- Consistent Framing in a Strategic Setting.- Large versus Small Decisions: Short-Run.- Large versus Small Decisions: Long-Run.- Economic Foundations: Performance Evaluation.- Economic Foundations: Informative Performance Evaluation.- Allocation Among Tasks.- Accounting-Based Performance Evaluation.- Communication.- Coordination.- End Game.

From the book reviews:

Joel Demskis book is an excellent book in accounting that provides an insightful and comprehensive study on managerial accounting using issues through a new approach based on economic theory and quantitative methods. & this book is very insightful and worth reading. The book is recommended as teaching and research material since it motivates readers to study thoughtfully the philosophy and principlesl#