Affiliation:
1. University College Dublin, Ireland
2. University of Turin, Italy
Abstract
It is generally accepted that the primary objective of the discipline of management accounting is to provide relevant information, financial and non-financial, to business managers in order to assist in their decision making. This discipline evolved during the Industrial Revolution and it was, initially, referred to as cost accounting due to its emphasis on reporting internally-orientated cost information. The purpose of this chapter is to highlight the current techniques of managerial accounting widely used by business organizations all over the world and to describe the managerial implications of said methods when they are utilized by players operating in the luxury sector.
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