Managerial Uses of Accounting Information, Second Edition, emphasizes economic fundamentals in the study of product costing, decision making, and evaluation in organizations, using the accounting system as a "library" of financial information at the manager’s disposal.
Chapter One contains an introduction and overview. Chapters Two through Seven discuss product costing. Chapters Eight through Twelve deal with managerial decision making, with an emphasis on a "what it might cost?" theme. Chapters Thirteen through Eighteen discuss managerial performance evaluation, with an emphasis on a "did it cost too much?" theme; and Chapter Nineteen concludes and provides a synthesis. This edition may be used as an undergraduate or graduate textbook and as a professional reference. The solutions manual is available upon request at joel.demski@cba.ufl.edu.
"For any serious student of the use of accounting information Professor Demski's book is imperative. A plethora of institutional detail is anchored on intellectual foundations. It is the most important book on accounting since [Pacioli’s] Summa de Arithmetica."
John Fellingham
Fisher College of Business
Ohio State University
"This book is profound and engaging, an absolute gem. It is, by far, the most meaningful and disciplined treatment on the roles of accounting in organizations."
Geoff Sprinkle
Kelly School of Business
Indiana University
"Managerial Uses of Accounting Information is an excellent text that is the only one I know of that seriously addresses the question of product costing and decision making in a setting of interacting products, uncertainty, and strategic interactions among firms. It abstracts away from the details to get at what is fundamental and lasting about the accountant's art. Finally, its focus on decision framing is a novel and interesting unifying theme. It is a fantastic book to use for anyadvanced business class."
Richard A. Young
Fisher College of Business
Ohio State University
The second edition of Dr. Demski’s book reflects his experiences teaching undergraduates, masters and doctoral students. It is the first textbook in this area to offer an academic perspective. Dr. Demski emphasizes economic fundamentals as the guiding foundation coupled with an artful application of those fundamentals. This applies to product costing, decision making and evaluation art. A great deal of traditional minutiae has been removed by the author, in order to keep this theme in constant focus. This thematic approach, in his experience, works in dramatic fashion, and stands in sharp contrast to more traditional presentations of this material. The book is not only for use as textbook but also as a reference book. A solutions manual for instructors will be easily obtainable on Dr. Demski's website.
Joel Demski
Reporting accounting/auditing business information systems finance/banking operations research/decision theory
From the book reviews:
“Joel Demski’s book is an excellent book in accounting that provides an insightful and comprehensive study on managerial accounting using issues through a new approach based on economic theory and quantitative methods. … this book is very insightful and worth reading. The book is recommended as teaching and research material since it motivates readers to study thoughtfully the philosophy and principles of managerial accounting, in addition addressing how to solve managerial problems based on accounting information.” (B. Choirunnisa Arifa and Sardar M. N. Islam, Asia Pacific Management Accounting Journal, Vol. 8 (2), 2014)