Book review: Management accounting for decision makers

Management Accounting for Decision Makers, tenth edition, is an extensive guidebook tailored not only for accounting professionals or students but also for corporate managers and business owners who may not have any accounting education or degree.This book covers a broad range of topics on management and cost accounting for understanding the process of decision-making.Considering the customer as the king and analyzing and interpreting accounting data, businesses can gain valuable insights for profitable decisionmaking.While this book binds the readers with its real-world examples, its figures and activities make the concepts easy to understand.With over 600 pages in length, it is a comprehensive guide for anyone seeking to develop their businesses with decision-making and management skills.This book is an excellent resource suitable for individuals at various levels of expertise and experience, spanning from graduate and postgraduate students to accounting professionals, corporate managers and business owners.It provides comprehensive and well-articulated insights and practical guidance in the field of management accounting.For graduate and postgraduate students, the book aligns with their learning objectives and addresses their questions effectively.The authors have meticulously ensured that the content remains current and pertinent to recent developments in the field, making it an exceptional resource for students aiming to enhance their understanding of management accounting.The main content of the book is organized into 12 chapters, each of which explores different aspects of management accounting.The chapters are carefully crafted to provide readers with a deep understanding of management concepts and their impact on decision-making.This book contains a wide range of topics, including cost-volume-profit analysis, full costing, budgeting, making capital investment decisions, managing risks and managing working capital, among others.Each chapter starts with an introduction, which highlights the questions addressed in the chapter and their learning outcomes.At the end of each chapter, readers will find a summary, critical review questions and exercises at the basic, intermediate and advanced levels that invite readers to consider the implications of the material covered in each chapter.The book commences with an introduction to the pivotal role pf management accounting in business organization and strategic decision-making.Chapters 2 to 5 concentrate on cost analysis and management, elucidating concepts such as relevant costs, cost-volume-profit