Full Description
The second edition reflects Dr. Demski's experience teaching to undergraduates, masters and doctoral students. He emphasizes economic fundamentals as the guiding foundation coupled with an artful application of those fundamentals. This applies to product costing, decision making and evaluation art. Dr. Demski also removed a great deal of traditional minutiae, in order to keep this theme in constant focus. This thematic approach, in his experience, works in dramatic fashion, and stands in sharp contrast to more traditional presentations of this material.
Contents
Economic Foundations: The Single Product Firm.- Economic Foundations: The Multiproduct Firm.- Accounting versus Economics.- A Closer Look at the Accountant#x02019;s Art.- The Impressionism School.- The Modernism School.- Consistent Decision Framing.- Consistent Framing under Uncertainty.- Consistent Framing in a Strategic Setting.- Large versus Small Decisions: Short-Run.- Large versus Small Decisions: Long-Run.- Economic Foundations: Performance Evaluation.- Economic Foundations: Informative Performance Evaluation.- Allocation Among Tasks.- Accounting-Based Performance Evaluation.- Communication.- Coordination.- End Game.