The Evolution of Management Accounting: A History of Ideas (Routledge New Works in Accounting History)

The Evolution of Management Accounting traces the history of management accounting from the Industrial Revolution to the twenty-first century, with a particular focus on developments in the UK and the US. In this book, the author identifies the main forces that shape accounting, as well as themes recurring throughout its history, including:The limitations of actual costs;The dangers of variance analysis;The tension between variable and full absorption costs;The search for performance measures that are both effective and easily understood. By highlighting the importance of historical context for a rounded understanding of each topic, this text positively informs readers’ decision-making in practice.The book offers a thorough analysis of sometimes neglected topics, especially the contribution of management accounting to pricing, the Beyond Budgeting movement, and the impact of technology and the emerging environmental, social, and governance agenda. This book constitutes an accessible re