Advanced Management Accounting

Advanced Management Accounting by Frank Selto and Tom Groot presents a comprehensive approach that firmly integrates management accounting within the overall framework of business management. This textbook highlights the role of the management accountant as an essential part of the management team and a key contributor to strategic decision-making. Unique case studies and global examples illustrate how various accounting techniques are practically applied in real-world situations. The book examines how management accounting practices are tailored to support diverse industries - from energy to media - and addresses current issues such as environmental accounting, ISO14001/EMAS auditing, the balanced scorecard, Kaizen costing, target costing, and social responsibility. It also covers advanced topics including activity-based budgeting, capacity planning, quality management, Six Sigma, and performance measurement, ensuring its relevance to modern practice. Designed for advanced undergraduate and postgraduate students, this text blends up-to-date research with practical applications. It demonstrates how Excel can be used as a tool for developing and testing solutions, with end-of-chapter exercises and case studies that encourage critical thinking and data analysis. Fully aligned with the standards of professional organizations like CIMA and ACCA, Advanced Management Accounting is an indispensable resource for those seeking to master the strategic role of management accounting.