By Fredrik Nilsson, Anna-Karin Stockenstrand
This ebook is ready monetary accounting and administration keep watch over and the way those info structures are comparable in addition to how their goals clash. on the such a lot primary point, the target of monetary accounting is to supply proprietors and funders with similar info on a company's worth construction. the purpose of administration regulate, however, is to offer the board, senior executives and staff certain info for procedure formula and implementation. One often-mentioned adverse influence is the danger of monetary accounting affecting administration regulate layout and use, making it much less appropriate for decision-making on the corporation point. The booklet presents an research of the complicated courting among monetary accounting and administration regulate. The research is predicated on theoretical reasoning in addition to a number of examples of ways monetary accounting criteria impact not just the yearly record but in addition the keep an eye on method. a fascinating, and maybe unforeseen end is that administration keep an eye on turns out to impact monetary accounting virtually up to monetary accounting impacts administration keep watch over. those advanced relationships, that can effect the layout and use of either monetary accounting and administration keep an eye on, are mentioned intimately during this book.
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Extra info for Financial Accounting and Management Control: The Tensions and Conflicts Between Uniformity and Uniqueness
Example text
But in the 1970s and 1980s it was as hot research topic in the accounting field. Before that there was not much interest in studying variations, and their causes, in management control system design and use. Scholars and practitioners alike seemed to believe in a more universal design and use of management control systems. 5 Our Theoretical Framework 37 field of research changed that (Burns and Stalker 1961; Lawrence and Lorsch 1967; Thompson 1967). These studies showed that the company is an open system in which the environment affects how it is organized.
They are also more geared towards the internal management of the company, which is evident in the importance attached to such areas as risk management and segment reporting. A stronger capital market orientation of German companies is also visible in the increased use of value-based management techniques. They are based on a belief that there is a strong congruence of the goals between the owner and the senior executives and therefore they should ground their decisions on the same type of information.
Based on these three examples the authors are able to show that convergence and divergence of accounting information systems are dynamic and long-term processes in which a state of convergence can lead to divergence and vice versa. In other words, comparison of results from studies based in different countries should always be undertaken with some caution, since the context that influences the design and use of accounting systems can be very different. 3 Introducing a New Financial Accounting Regime in the EU The “Relevance Lost” debate resulted in a great deal of effort being expended on developing management control systems that would be designed and used for strategy formulation and implementation rather than being highly influenced by outside demands for uniformity and comparability.