Managerial Uses of Accounting Information

This text studies managerial uses of accounting information and how accounting information is used in the management of an organization. Three themes are covered throughout the text: the accounting system as a library of financial statistics; the information in the accounting library is not the only information at the manager's disposal; and the role of a professional manager. The text assumes no prior exposure to financial accounting, economics, statistics, or to the economics of uncertainty, although an acquaintance with strategic, or equilibrium, modeling and linear programming and the ability to take a simple derivative is presumed.

The second edition reflects Dr. Demski’s experience teaching to 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 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 second edition reflects Dr. Demski’s experience teaching to 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 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.