Budgeting is at the heart of the performance management process for most companies. However, some argue that many companies today are dissatisfied with budgeting. It is seen to be costly and time-consuming; it inhibits action and causes organisational problems. The influence of the "Beyond Budgeting" model has caused many major companies, including Toyota, to abandon traditional budgeting altogether. Should other companies follow suit?

This report explores the changes in budgeting through a survey of financial and non-financial managers. Concerns include:

The attitudes of managers towards budgeting models

How budgetary practices have changed

What problems budgeting can cause

The effects of budgets on overall company performance.

This report reveals that there s little evidence to suggest widespread dissatisfaction with traditional budgeting. However, to enable a company to perform at its best, understanding budgeting in context is essential and it is imperative that budgeting works in tandem with other control systems and organisational structure.

* Original research funded by the Chartered Institute of Management Accounting

* Reveals the realities of budgeting models in practice

* Includes interviews and surveys ofactual businesses"

This research project examines the relationships between HR policies, management accounting and organisational performance on the basis of international case studies and interviews across a range of industries from building materials to software development.

* Explores the relationship between different HR policies and organisational performance and how management accountants can establish links between the two;

* The first to extend existing research into Japanese companies to give a different perspective and another point of comparison;

* Case study results are tested in the telephone survey for better accuracy and insight

* Original, cutting-edge research funded by the Chartered Institute of Management Accountants

* Unique international perspective: extends existing research into Japanese companies to give a different perspective and another point of comparison

* Results of six extensive case studies and 100 telephone interviews

This book is part of the celebrations to mark CIMA s 90th anniversary in 2009. It looks at the development of cost and management accounting from the founding of the Institute to today. It considers a number of immediate challenges to management accountants and surveys a range of issues and challenges that will likely affect management accounting thought and practice in the future.

The authors examine the possibilities for accountants to widen their focus and become more familiar with the enterprise technology determining their organisations cost structures and with the effects of multiple production in various locations, such as economies or diseconomies of scale. Such change may require the alteration of traditional cost models used by accountants to become more nuanced.

The book suggests how this may be accomplished and highlights the need for management accountants to work as part of management teams throughout the organisation as business partners rather than remain grounded in specialist information provision roles.

Alnoor Bhimani is Professor of Management Accounting at the London School of Economics. He is also a Certified Management Accountant as well as an author of 15 books and over 100 articles.

Michael Bromwich was CIMA s Professor of Accounting and Financial Management at the London School of Economics and Political Science (1985 to 2006), now Emeritus. He is a Past President of CIMA (1987/88) and currently serves on CIMA s Technical Committee.

- A uniquesurvey of 90 years of CIMA research

- Analyses the research to determine future challenges for management accounting and business practices

- Charts the history of management accountancy and business practice over nearly 100 years"

Volume one sets the context for all three volumes in the series. Volume two provides insights into research on different management accounting practices. This third and final volume features contributions from some of the most influential researchers in various areas of management accounting research, consolidates the content of volumes one and two, and concludes with examples of management accounting research from around the world.
* Includes key topics such as performance measurement, balanced scorecard, incentives abd compensation schemes.
* Covers management accounting research on a global scale.

Volume one of the "Handbooks of Management Accounting Research" sets the context for both Handbooks, with three chapters outlining the historical development of management accounting as a discipline and as a practice in three broad geographic settings. The bulk of the first volume then draws together a series of contributions that analyse the scholarly literature in terms of distinct intellectual and theoretical social science perspectives. The volume includes a chapter which looks at work informed by psychology as a base discipline. The volume also includes a set of chapters that seek to evaluate and explain issues of research method for the different approaches to research found within management accounting.
Special pricing available if purchased as a set with Volume 2.
*Documents the scholarly management accounting literature
*Publishing both in print, and online through Science Direct
*International in scope

The ever-evolving nature of accountant and emphasis on professional accountability means that all busness professionals need to ensure they are up-to-date with the latest developments.
This latest revision of CIMA's Official Terminology addresses this need defining relevant terms used in today's business environment.
Official Terminology clarifies the language of business to CIMA memebers and other professional accountants and is a useful glossary for CIMA students.
It provides insight into current business techniques and practices for academic researchers.
All the revisions in this extensively updated edition are based on the experiences of real management accountants, guaranteeing that each term accurately reflects what is happening in today's business world

The pace of development in financial reporting has accelerated sharply during the last few years and shows no sign of abating as the UK prepares to comply with International Accounting Standards.
This text gives accounting professionals an understanding of UK accounting standards and demonstrate how they are used in practice. It is the perfect companion for those who need to keep abreast of changes to accounting standards or who need to see how the standards are applied in practice.
Accounting Standards includes:
* Summaries outlining the principles behind UK accounting standards
* Examples and extracts from well-known recent company accounts
* Keep up to date with changes to UK accounting standards
* Includes practical examples to illustrate how accounting standards work in practice

A compilation drawn from over 500 years of English language accounting literature reflecting a lifetime of scholarly enquiry, this book comprises over 5000 quotations of between 1-20 lines in length. The book aims to give an historical perspective as well as an up-to-date overview of what accounting and accountants were, are and do, and is intended both as a reference book and a research tool. Its range extends from general interest to the advanced, covering rules, practices and standards, professional and academic opinions, and the social and logical foundations of accounting; it also draws on the work of scholars in other fields that have some bearing on accounting work and thought.

Developed for the new International A Level 2018 specification, these new resources are specifically designed for international students, with a strong focus on progression, recognition and transferable skills, allowing learning in a local context to a global standard. Recognised by universities worldwide and fully comparable to UK reformed GCE A levels. Supports a modular approach, in line with the specification. Appropriate international content puts learning in a real-world context, to a global standard, making it engaging and relevant for all learners. Reviewed by a language specialist to ensure materials are written in a clear and accessible style. The embedded transferable skills, needed for progression to higher education and employment, are signposted so students understand what skills they are developing and therefore go on to use these skills more effectively in the future. Exam practice provides opportunities to assess understanding and progress, so students can make the best progress they can.

Our best-selling Accounting 2 guide has now gotten even better, thanks to the latest up-to-date information added to the original text. The new material within this 3-panel (6 page)guide goes further into the various accounting practices that businesses use to keep financially afloat; mathematical equations, charts, and tables are also included in an easy-to-use format.

"

Auditing Fundamentals in a South African Context, Third Edition provides a clear, practical, and accessible introduction to the core principles of auditing. Designed to support students throughout the undergraduate auditing curriculum, the text integrates theory with real-world application in a distinctly South African setting.

The book presents auditing concepts within a rich contextual framework, enhancing understanding of both the principles and the broader business environment. A continuing case study, based on a typical South African audit client, illustrates the practical application of auditing principles across each phase of the audit process. A well-developed pedagogical approach encourages applied learning, as well as independent, critical and reflective engagement with the subject matter.

This third edition has been thoroughly revised and updated to reflect recent changes in legislation, financial reporting standards, auditing pronouncements, and governance codes. It also addresses the growing impact of technological advancements on the auditing profession, exploring their relevance and application to principles and practice.

This title is a companion to Auditing Fundamentals in a South African Context: Graded Questions, Fourth Edition.

New to this edition:

Comprehensively revised and updated to address the changes in principles of corporate governance, and requirements of legislation, financial reporting and auditing pronouncements and codes that have occurred since the publication of the previous edition of this work. 
The third edition text is designed to enable effective development of key competencies in the auditing discipline, in particular:
•    Audit competencies, as prescribed by the SAICA CA2025 competency framework;
•    Digital acumen and innovation;
•    Business acumen. 

The text is now paired with a separate component featuring the Nsimbi Piping case study and documentation of business cycle transactions, enabling readers to work with both components simultaneously and cross-reference them with ease.

Table of Contents:

Part A The context within which the external auditor operates
Chapter 1: Introduction.
Chapter 2: Ethics.
Chapter 3: Legal responsibilities of the auditor.
Part B The external audit process
Chapter 4: Basic concepts of governance and internal control.
Chapter 5: Introduction to risks and internal controls in a computerised environment.
Chapter 6: Revenue and receipts cycle.
Chapter 7: Purchase and payments cycle.
Chapter 8: Inventory and production cycle.
Chapter 9: Human resources cycle.
Chapter 10: Investment and financing cycle.
Chapter 11: Overview of the audit process.
Chapter 12: Pre-engagement and planning activities.
Chapter 13: Audit procedures: Essential concepts.
Chapter 14: Audit procedures: Specific considerations.
Chapter 15: Completion of the audit.
Chapter 16: The independent review.

Auditing Fundamentals in a South African Context: Graded Questions, Fourth Edition, presents a comprehensive collection of auditing questions designed to support effective learning and application across the undergraduate auditing curriculum. The material is structured to provide practice material at a range of cognitive levels, from foundational understanding to advanced integration of knowledge.

This fourth edition includes new and updated questions, with expanded coverage of contemporary topics such as risk assessment and internal controls in computerised environments. A helpful guidance feature throughout the text supports students in developing independent competency in applying auditing principles.

Designed to complement the structure and pedagogical approach of the companion textbook, Auditing Fundamentals in a South African Context, this question book functions both as an ideal companion volume and as a stand-alone resource for practice and revision.

New to this edition:

Auditing Fundamentals in a South African Context: Graded Questions, Fourth Edition includes new question material for practice and application of theory. This material includes new questions relating to IT auditing, ethics, governance, and other areas of the curriculum

Table of Contents:

Part A The context within which the external auditor operates
Chapter 1: Introduction.
Chapter 2: . Ethics.
Chapter 3: Legal responsibilities of the auditor.
Part B The auditee’s responsibility for financial information
Chapter 4: Basic concepts of governance and internal control.
Chapter 5: Introduction to risks and internal controls in a computerised environment.
Chapter 6: Revenue and receipts cycle.
Chapter 7: Purchases and payments cycle.
Chapter 8: Inventory and production cycle.
Chapter 9: Human resources cycle.
Chapter 10: Investment and financing cycle.
Part C The external audit process
Chapter 11: Overview of the audit process.
Chapter 12: Pre-engagement and planning activities.
Chapter 13: Audit procedures: Essential concepts.
Chapter 14: Audit procedures: Specific considerations.
Chapter 15: Completion of the audit. Chapter 16: The independent review.

Corporate Finance: A South African Perspective explains financial management concepts and practice in an accessible and concise way, while supporting students with plenty of practice examples and illustrations of real-life applications.

The book is aimed at second- and third-year students of financial management who are enrolled in general B.Com degrees or B.Bus.Sci degrees, as well as third- and fourth-year students of financial management at universities of technology. It will also be of value to MBA and postgraduate diploma students taking courses in finance.

New to this edition:

•    Opening and closing case studies and other application examples have been updated with the latest developments or replaced with brand-new case studies and examples.
•    The graded end-of-chapter questions comprising multiple choice questions and longer questions have been revised, and new questions have been added
•    There is a greater focus on the ramifications of risk within the post-pandemic environment.
•    Chapter 1 Introduction to financial management outlines the changes envisioned by the King V Code on Corporate Governance for South Africa.
•    Chapter 2 Financial statements has been updated with the recent changes in Accounting Standards, including IFRS 18 Presentation and disclosure in financial statements.
•     Chapter 3 Ratio analysis includes a section on how artificial intelligence (AI) is transforming financial statement analysis.
•    Data and statistics in worked examples and in the text have been updated throughout the book where applicable.

Table of Contents:

Part 1: Measurement
Chapter 1: Introduction to financial management
Chapter 2: Financial statements
Chapter 3: Ratio analysis
Part 2: Investment decisions
Chapter 4: The time value of money
Chapter 5: Investment appraisal methods
Chapter 6: Estimating relevant cash flows
Chapter 7: Appraising investment risk
Chapter 8: Bond valuation and interest rates
Chapter 9: Share valuation
Part 3: Financing decisions
Chapter 10: Risk and return
Chapter 11: Cost of capital
Chapter 12: Sources of finance and capital structure
Part 4: Dividends
Chapter 13: Distribution policy
Part 5: Working-capital management
Chapter 14: Working-capital management