Accounting for managers - Paul M. Collier

This extensively revised and updated second edition ofAccounting for Managers builds on the success of the first edition in explaining how accounting information is used by non–financial managers. Emphasizing the interpretation rather than the construction of accounting information, Accounting for Managers encourages a critical, rather than unthinking, acceptance of the underlying assumptions behind accounting. It links theory with practical examples and case studies drawn from real life business situations across a range of industries.

Paul M. Collier applies a managerial approach to show how to:

• Understand the relationship between strategy, business events and financial information.


• Use accounting information in planning, decision–making and control.


• Identify the concepts that underlie the construction of accounting reports and the limitations of accounting numbers.

Accounting for Managers has been written for postgraduate and undergraduate students who are taking courses in accounting, as well as non–financial managers who need a better understanding of the role of accounting in their organizations.

New to this edition:

• Additional case studies.


• Revised and updated examples.

Two additional chapters covering various aspects of financial reporting, including standard–setting bodies, auditing, risk and internal control, IFRS and a comparison of UK and US accounting treatment.