Cost—Volume— Profit Analysis

  • Robert W. Scapens
Chapter
Part of the Macmillan Series in Finance and Accounting book series (SFA)

Abstract

The conditional truth approach of management accounting research in the 1960s which, as suggested earlier, underlies much of management accounting’s conventional wisdom, relies on the specification of a decision model. At the end of Chapter 2 it was concluded that economics played a central role in structuring the decision models used by management accounting researchers in that decade. The decision maker was assumed to have available, at no cost and with no uncertainty, all the information needed to completely structure the decision problem and to achieve a profit maximising solution through an application of the principles of marginal analysis.

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Copyright information

© Robert W. Scapens 1985

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  • Robert W. Scapens

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