chapter  9
38 Pages

Management accounting

Theory and practice
WithRichard Fleischman, Tom McLean

The term ‘management accounting’ lacks a clear, universally accepted definition. This chapter uses the term to encompass the related activities of ‘cost recording, costing, cost accounting, managerial accounting and management accounting’ (Boyns and Edwards 1997: 22). The historical literature discussed in this chapter indicates these activities have not been confined to the work of accountants but have also been undertaken by diverse groups including engineers, managers and entrepreneurs.