Financial Accounting and Management Control: The Tensions and Conflicts Between Uniformity and Uniqueness (Contributions to Management Science) (by Fredrik Nilsson, Anna-Karin Stockenstrand)


Author(s): Fredrik Nilsson, Anna-Karin Stockenstrand

Publisher: Springer
Publish date: 2015-02-21
ISBN-10: 3319137816
ISBN-13: 9783319137810
Language: English
Description:
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… more…

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