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Financial Accounting and Management Control

The Tensions and Conflicts Between Uniformity and Uniqueness

  • Fredrik Nilsson
  • Anna-Karin Stockenstrand

Part of the Contributions to Management Science book series (MANAGEMENT SC.)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Fredrik Nilsson, Anna-Karin Stockenstrand
    Pages 1-16
  3. Fredrik Nilsson, Anna-Karin Stockenstrand
    Pages 17-50
  4. Fredrik Nilsson, Anna-Karin Stockenstrand
    Pages 51-75
  5. Fredrik Nilsson, Anna-Karin Stockenstrand
    Pages 77-110
  6. Fredrik Nilsson, Anna-Karin Stockenstrand
    Pages 111-127
  7. Back Matter
    Pages 129-138

About this book

Introduction

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 decision-making at the company level. The book provides an analysis of the complex relationship between financial accounting and management control. The analysis is based on theoretical reasoning as well as several examples of how financial accounting standards affect not only the annual report but also the control system. An interesting, and perhaps unexpected conclusion is that management control seems to affect financial accounting almost as much as financial accounting affects management control. These complex relationships, which can influence the design and use of both financial accounting and management control, are discussed in detail in this book.

Keywords

Accountability Contingency theory Financial accounting Management control Transparency

Authors and affiliations

  • Fredrik Nilsson
    • 1
  • Anna-Karin Stockenstrand
    • 2
  1. 1.Department of Business StudiesUppsala UniversityUppsalaSweden
  2. 2.Department of Business StudiesUppsala UniversityUppsalaSweden

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-13782-7
  • Copyright Information Springer International Publishing Switzerland 2015
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-13781-0
  • Online ISBN 978-3-319-13782-7
  • Series Print ISSN 1431-1941
  • Series Online ISSN 2197-716X
  • Buy this book on publisher's site
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