Management Accounting Risk and Control Strategy

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Recommended reading list

Core reading

Collier, P (2006), Management Accounting Risk and Control Strategy CIMA Learning System, 2007 edition, CIMA Publishing, ISBN: 978-0-7506-8042-4 (0-7506-8042-3)

Arnold, G (2002), Corporate Financial Management, 2nd edn, FT/Prentice Hall

or

Brealey, R and Myers, S (2000), Principles of Corporate Finance, 6th edn, McGraw-Hill

Chartered Institute of Management Accountants. (2002). Risk Management: A Guide to Good Practice, CIMA Publishing, London

Institute of Risk Management. (2002). A Risk Management Standard, London: IRM

International Federation of Accountants. (1999). Enhancing Shareholder Wealth by Better Managing Business Risk. International Management Accounting Study No. 9

Additional reading

Adams J. (1995). Risk London: UCL Press

Chartered Institute of Management Accountants. (1992). Ethical Guidelines

Clarke,F.I., Dean,G.W. & Oliver,K. (1997) Corporate Collapse. Cambridge: Cambridge University Press

Emmanuel C, Otley D, Merchant K. (1990). Accounting for Management Control. London: Chapman & Hall

Fahy M. (2001a). Enterprise Resource Planning Systems: leveraging the benefits for business. London: CIMA

Rutterford, J (ed) (1998), Financial Strategy, Open University Business School/John Wiley.

Examiner’s notes

Note that in the area of Financial Risk there is overlap with the content of Paper P9 (Management Accounting Financial Strategy) and the inclusion of the Arnold, Brealey and Myers and Rutterford texts in the above reading list reflects this overlap. These books should be used to revise your understanding of the relative risks of alternative sources of business finance; the capital asset pricing model (and the associated implications for allocation of limited capital resources); the use of financial instruments for risk management and the case for/against Treasury departments acting as profit centres.

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