Authors:
- Provides readers with an easy-to-grasp overview of the latest developments in the fields of both financial accounting and management control
- Helps readers to understand the relationship and conflict between financial accounting and management control
- Provides readers with a model of analysis of the forces and circumstances that affect the design and use of financial accounting and management control
- Includes supplementary material: sn.pub/extras
Part of the book series: Contributions to Management Science (MANAGEMENT SC.)
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Table of contents (5 chapters)
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Front Matter
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Back Matter
About this book
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.
Reviews
“The book is written in both clear and rigorous way, grabbing the reader through the issue curiosity, pleasantness of reading, and training and information it proportionate. … A state-of-art book, written with pedagogical and scientific concerns, on the compatibility of both major information systems: financial accounting and management control, use in organizations management. It is an essential reading for managers and practitioners, researchers, and students on these domains” (Manuel Alberto M. Ferreira, International Journal of Latest Trends in Finance and Economic Sciences, Vol. 5 (4), December, 2015)
Authors and Affiliations
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Department of Business Studies, Uppsala University, Uppsala, Sweden
Fredrik Nilsson, Anna-Karin Stockenstrand
About the authors
Fredrik Nilsson has been Professor of Business Studies, especially Accounting at Uppsala University since 2010. Before that he was Professor of Economic Information Systems at Linköping University and Institute of Technology. His research focuses on how information systems (e.g. management control systems, financial accounting systems and production control systems) are designed and used to formulate and implement strategies. Fredrik has published many books, book chapters and scientific articles in this field of research. He is currently studying the relationship between strategies, financial accounting and management control in banks.
Anna-Karin Stockenstrand is Assistant Professor in the Department of Business Studies at Uppsala University. Her research concerns transparency and accountability in organizations and the long- and short-term effects on internal processes from adaptation to external demands. She is currently conducting research on the effects of financial reporting standards on different parts of the management control function in banks. Anna-Karin has written a number of scientific articles as well as book chapters, and is also author of two textbooks in financial accounting.
Bibliographic Information
Book Title: Financial Accounting and Management Control
Book Subtitle: The Tensions and Conflicts Between Uniformity and Uniqueness
Authors: Fredrik Nilsson, Anna-Karin Stockenstrand
Series Title: Contributions to Management Science
DOI: https://doi.org/10.1007/978-3-319-13782-7
Publisher: Springer Cham
eBook Packages: Business and Economics, Business and Management (R0)
Copyright Information: Springer International Publishing Switzerland 2015
Hardcover ISBN: 978-3-319-13781-0Published: 19 March 2015
Softcover ISBN: 978-3-319-38053-7Published: 09 October 2016
eBook ISBN: 978-3-319-13782-7Published: 20 February 2015
Series ISSN: 1431-1941
Series E-ISSN: 2197-716X
Edition Number: 1
Number of Pages: XI, 138
Number of Illustrations: 5 b/w illustrations, 3 illustrations in colour
Topics: Accounting/Auditing, Finance, general, Business Strategy/Leadership