05226nam 2200733 450 991045960130332120200520144314.00-8131-8338-30-8131-6324-2(CKB)3710000000334330(EBL)1915530(SSID)ssj0001431793(PQKBManifestationID)11798773(PQKBTitleCode)TC0001431793(PQKBWorkID)11384658(PQKB)10112402(MiAaPQ)EBC1915530(OCoLC)933516026(MdBmJHUP)muse44556(Au-PeEL)EBL1915530(CaPaEBR)ebr11005653(CaONFJC)MIL691256(OCoLC)900344731(EXLCZ)99371000000033433020150122h19631963 uy 0engur|n|---|||||txtccrAccounting in small business decisions /by James L. Gibson and W. Warren HaynesLexington, Kentucky :University of Kentucky Press,1963.©19631 online resource (148 p.)Small Business Management Research ReportsIncludes index.1-322-59974-2 0-8131-5279-8 Includes bibliography.Cover; Title; Copyright; FOREWORD; ACKNOWLEDGMENTS; Contents; INTRODUCTION; 1. ACCOUNTING AND ECONOMICS: THEIR RELATION TO DECISION MAKING; Accounting and Business Decisions; Recognition of the need for a decision; Assembly and organization of relevant information; Managerial Economics in Business Decisions; The principles of managerial economics; A variety of cost concepts; Economists' criticism of traditional accounting; 2. GARDEN AND LANDSCAPE NURSERIES; Some Generalizations; Why cost accounting is not used; A note on nursery cost accounting literature; A Prescriptive Model for NurseriesCertainty model: plant mix decisionsCertainty model: pricing decisions; Certainty model: other decisions; Cost considerations; Significance of the present value approach; Removal of simplifying assumptions; Conclusions: Economics and Accounting in Nursery Decisions; 3. RETAIL STORES; Some Generalizations; The Concept of Homeostasis and Retail Decision Making; Historical Data as Estimates of Future Data; Why historical data are used in some retail stores; Accounting systems as sources of historical data; The Merchandise Budget; The merchandise budget defined; The budget and the small retailerEffect on merchandising decisionsAd Hoc Analysis; The Case Studies in Terms of Rational Decision Making; Elements of a prescriptive model; The case studies evaluated; Implications for Practice; 4. MANUFACTURING FIRMS; Some Generalizations; Product Diversification Decisions of Two Firms; Investment Decisions of Two Firms; Pricing Decisions of Four Firms; Full costs rigidly used; Full costs used with some flexibility; Full costs with complete adjustment to competition; Full costs not used; Evaluation of the pricing practices; Implications for Practice; 5. PRINTING FIRMS; Some GeneralizationsPrinting Industry Accounting MethodsThe production flow; All-inclusive hour cost method; Factory-hour cost method; Hour costs and decision making; Case Studies of the Role of Accounting in Decision Making; A firm with specialized decision-making processes; Two firms with less specialized decision-making processes; Three firms with one-man decision makers; Evaluation of the pricing practices in the cases; Routinized Decision Making versus Ad Hoc Analysis; Industry Comparisons; Production characteristics; Market characteristics; Implications for Practice; 6. CASE STUDIES OF INCREMENTAL ANALYSISDecision One: Simple Incremental AnalysisThe analysis: incremental costs; An alternative analysis: full costs; The decision horizon; Implications for accounting; A note on marginal income analysis; Decision Two: Complex Incremental Analysis; Immediate action; Long-range action; The bases for the choice; Evaluation; The decision and its implications for accounting; Selected Case Studies; Conclusion; 7. AN OVERVIEW OF INVESTMENT AND PRICING DECISIONS; Investment Decisions of Small Firms; Quantitative methods for ranking; Method of analysis employed by some small firmsThe rationale for payback and rate of income<P> <I>Accounting in Small Business Decisions</I> presents the first large-scale empirical examination of how small firms use accounting data to make operating decisions.</P>Small business management research reports.AccountingSmall businessDecision makingElectronic books.Accounting.Small business.Decision making.657.044Gibson James L(James Lawrence),1935-1038365Haynes W. Warren(William Warren),1921-1972,MiAaPQMiAaPQMiAaPQBOOK9910459601303321Accounting in small business decisions2459901UNINA