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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.

Economics/Management Science. --- Accounting/Auditing. --- Finance/Investment/Banking. --- Business Strategy/Leadership. --- Economics. --- Auditing. --- Economie politique --- Vérification comptable --- Managerial accounting. --- Commerce --- Business & Economics --- Accounting --- Audits --- Financial statements --- Management accounting --- Auditing --- Business. --- Accounting. --- Bookkeeping. --- Leadership. --- Finance. --- Business and Management. --- Finance, general. --- Comfort letters --- Ability --- Command of troops --- Followership --- Funding --- Funds --- Economics --- Currency question --- Accountancy --- Business enterprises --- Commercial accounting --- Finance --- Financial accounting --- Business --- Bookkeeping --- Bookkeeping . --- Double entry bookkeeping --- Business education

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How should firms’ control systems be designed and used to formulate and implement strategies that will contribute to competitive advantage and sustained high performance? This book offers some thought-provoking suggestions.   It contains empirical studies of such diverse manufacturing enterprises as Atlas Copco, Electrolux, Saab, Scania, SCA Packing and Volvo, as well as an insurance company and two chamber orchestras. All firms and organizations presented offer interesting and exciting insights, each in a specific way and each with a fascinating history. The book presents research on the relationship between strategy, control and competitive advantage over extended periods and at several strategic levels, while also taking into account the existence of multiple control systems in a single firm or other organization. Readers are offered an in-depth look into how changes in the environment lead to adjustments in strategies and control systems. It is shown, in addition, how difficult and challenging it can be to implement these changes, and why such efforts are not always successful. But perhaps most importantly, the book conveys an in-depth understanding of how strategies and control systems affect competitive advantage and performance. In both its coverage and focus, the book is unique. Not only does it provide valuable contributions to the research field of strategy and management control; it also represents a substantial commitment in terms of resources and involvement over an extended period. The book is highly recommended to researchers, practitioners, graduate students and all others interested in this area.

Business planning. --- Decision making. --- Strategic planning. --- Strategy. --- Success. --- Growth (Psychology) --- Personal development --- Personal growth --- Self-improvement --- Military strategy --- Goal setting (Strategic planning) --- Planning, Strategic --- Strategic intent (Strategic planning) --- Strategic management --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Business enterprises --- Business plans --- Corporate planning --- Corporate strategy --- Corporations --- Strategy, Corporate --- Decision making --- Planning --- Business. --- Management. --- Leadership. --- Organization. --- Planning. --- Business and Management. --- Business Strategy/Leadership. --- Conduct of life --- Fortune --- Failure (Psychology) --- Fear of success --- Military art and science --- Military doctrine --- Business planning --- Choice (Psychology) --- Problem solving --- Strategic planning --- Organisation --- Administration --- Industrial relations --- Organization --- Ability --- Command of troops --- Followership --- Creation (Literary, artistic, etc.) --- Executive ability