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Financial accounting and management control [electronic resource] : the tensions and conflicts between uniformity and uniqueness / Fredrik Nilsson, Anna-Karin Stockenstrand.

9783319137827 electronic book
3319137824 electronic book
9783319137810

Cham : Springer, [2015]

©2015

English

1 online resource.

10.1007/978-3-319-13782-7 doi

HF5636

657

This book is about financial accounting and management control and how these two information systems are related as well as how their objectives conflict. At the most fundamental level, the objective of financial accounting is to provide owners and funders with comparable information on a company's value creation. The aim of management control, on the other hand, is to give the board, senior executives and employees unique information for strategy formulation and implementation. One often-mentioned negative effect is the risk of financial accounting affecting management control design and use, making it less relevant for decision-making at the company level. The book provides an analysis of the complex relationship between financial accounting and management control. The analysis is based on theoretical reasoning as well as several examples of how financial accounting standards affect not only the annual report but also the control system. An interesting, and perhaps unexpected conclusion is that management control seems to affect financial accounting almost as much as financial accounting affects management control. These complex relationships, which can influence the design and use of both financial accounting and management control, are discussed in detail in this book.

Includes bibliographical references.

Access limited to authorized users.

Description based on online resource; title from PDF title page (viewed February 25, 2015).

Contributions to management science.

Print version: 9783319137810

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