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A new edition of a successful textbook on how accounting information is used by non-financial managers! This revised and updated third edition of Accounting for Managers builds on the success of the previous two editions in explaining how non-financial managers use accounting information. Accounting for Managers emphasises the interpretation rather than the construction of accounting information and encourages a critical, rather than unthinking acceptance of the underlying assumptions behind accounting. It links theory with practical examples and case studies drawn from real life business situations across a range of industries.* Completely revised and updated examples throughout the book.* Introduces three new chapters: Accounting for Inventory, Accounting Information Systems and Strategic Management Accounting.* Includes new sections on professional ethics, customer profitability analysis, CVP for multiple products and weighted contribution margin for breakeven analysis, accounting for waste, environmental accounting.* Expanded treatment of transfer pricing and budgeting sections.