Nishimura Management, Uncertainty, and Accounting

Case Studies, Theoretical Models, and Useful Strategies
1. Auflage 2018
ISBN: 978-981-10-8989-3
Verlag: Springer Nature Singapore
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 368 Seiten

Reihe: Progress in Mathematics

This book is a capstone to the magisterial career of one of Japan's most senior scholars of risk, accounting, and management. How can companies and organizations navigate today's world, rife with unexpected challenges and opportunities? In this trenchant book, Nishimura offers case studies, theoretical models, and useful strategies for the new normal. This book will be useful to scholars, businesspeople, and bankers. 

Akira Nishimura, Emeritus Professor of Kyushu University and Visiting Professor of Beppu University, has published numerous books on management accounting. He previously served as President of Beppu University and Dean of Faculty of Economics at Kyushu University. 

Autoren/Hrsg.

Nishimura, Akira

Inhaltsverzeichnis

1;Preface and Acknowledgments;5
2;Contents;14
3;List of Abbreviations;16
4;List of Figures;18
5;List of Tables;22
6;Chapter 1: Introduction;25
6.1;1.1 Fundamental Issues of This Book;25
6.2;1.2 Management and Management Accounting;27
6.2.1;Scientific Management;27
6.2.2;Management and Recording;29
6.3;1.3 Scientific Management and Concepts of “Entrepreneur”/“Businessman”;30
6.3.1;Similarities and Differences Between Veblen and Taylor;30
6.3.2;Knight’s Theory of Uncertainty and Scientific Management;33
6.3.3;Uncertainty, Profit, and Management;34
6.3.4;Establishment of Modern Business Management and Management Accounting: The Fusion of Scientific Management and Standard Cost Accounting;35
6.4;1.4 Uncertainty and the Development of Management and Management Accounting Models;37
6.4.1;Historical Development of Management and Management Accounting;37
6.4.2;Logical Analysis of Management and Management Accounting Systems;41
6.5;1.5 New Synthesis of Information, Management, and Management Accounting at the Present Stage;44
6.6;1.6 Conclusion on Contemporary Management and Management Accounting in Uncertainty;50
6.7;Bibliography;52
7;Chapter 2: Enterprise Governance and Management Accounting from the Viewpoint of Feed-­Forward Control;54
7.1;2.1 Introduction;54
7.2;2.2 Institutional and Capital Structural Aspects of Corporate Governance;55
7.3;2.3 Bankruptcy and Corporate Governance in Japan;60
7.4;2.4 Risk Management and Business Governance;64
7.5;2.5 Enterprise Governance and Feed-Forward Control;67
7.6;2.6 Conclusion;71
7.7;Bibliography;72
8;Chapter 3: Conceptual Analysis of Value-Based Management and Accounting: With Reference to Japanese Practices;74
8.1;3.1 Introduction;74
8.2;3.2 Existing Literature and Accounting Cognition;76
8.3;3.3 Value and Management;77
8.3.1;Basic Concepts;77
8.3.2;Double Aspect of Management;79
8.4;3.4 Structure of Value-Based Management;80
8.4.1;Leadership and Uncertainty;80
8.4.2;Visible and Virtual Management;81
8.4.3;Some Practices of VBM in Japan;83
8.5;3.5 Value-Based Management Accounting and Analytical Model of Variance;85
8.5.1;Some Rudimentary Experiences;85
8.5.2;Structure of Variance Analysis;86
8.6;3.6 Conclusion;91
8.7;Bibliography;93
9;Chapter 4: Uncertainty and Management Accounting: Opportunity, Profit Opportunity, and Profit;96
9.1;4.1 Introduction;96
9.2;4.2 Uncertainty and Controllability in Business Management;97
9.3;4.3 Knight’s Theory on Uncertainty and Profit;100
9.3.1;Uncertainty and Knowledge;100
9.3.2;Entrepreneur’s Connection with Profit or Risk;101
9.4;4.4 Uncertainty and Decision-Making;104
9.4.1;The Works of Simon and Anthony, and Nonprogrammed Decision;104
9.4.2;ASOBAT’s Thought and Decision-Making Process;105
9.4.3;Demski’s Model and Profit Management;107
9.5;4.5 Some Cases of Lost Profit Opportunity in Large Business;109
9.6;4.6 Opportunity, Profit Opportunity, and Profit;113
9.7;4.7 Conclusion;115
9.8;Bibliography;117
10;Chapter 5: Profit Opportunity, Strategic Innovation, and Management Accounting;119
10.1;5.1 Introduction;119
10.2;5.2 Opportunity and Profit Opportunity;120
10.2.1;Simons’s Concept of ‘Opportunity Space’;121
10.2.2;Haynie’s Concept of Evaluation;122
10.2.3;Condensation;123
10.3;5.3 Strategic Innovation and Profit Opportunity;125
10.3.1;Japanese Production and Management Systems: Lean Production;126
10.3.2;External Innovation: Agile Supply Chain Systems;128
10.3.3;Global Innovation;130
10.4;5.4 Strategic Innovations and Cost Design;133
10.4.1;The Three Innovations and the Creation of Profit Opportunity;133
10.4.2;Transfiguration of Cost Design in Japan;135
10.5;5.5 Profit Opportunity and Profit Opportunity–Based Variance Analysis;138
10.5.1;Meanings of Profit Opportunity–Based Variance Analysis;138
10.5.2;Profit Opportunity–Based Variance Analysis in the Integrated Cycle of Feed-Forward and Feedback Management;139
10.6;5.6 Conclusion;142
10.7;Appendix;144
10.8;Bibliography;145
11;Chapter 6: Strategic Management Accounting and Feed-Forward Management: With Reference to the Unified Management of Profit Opportunity and Risk;150
11.1;6.1 Introduction;150
11.2;6.2 Strategic Cost Management and Accounting Information;151
11.2.1;Strategic Management and Nonfinancial Information;151
11.2.2;Strategic Aspect of Nonfinancial Information;152
11.2.3;A Controversial Point;154
11.3;6.3 Roles of Information and Organizational Efforts;155
11.3.1;Balanced Scorecard Approach and Organizational Mobility for Strategy;155
11.3.2;Controversial Points;156
11.4;6.4 Opportunity Space or Risk Thought and Strategic Management;159
11.4.1;Opportunity or Risk Management and New Gaps;159
11.4.2;Comprehensive Risk Management and Feed-Forward Management Accounting;163
11.5;6.5 Feed-Forward Management Accounting in the Unified Management of Profit Opportunity and Risk;167
11.6;6.6 Conclusion;169
11.6.1;Discussion for Further Research;170
11.7;Bibliography;171
12;Chapter 7: Transforming Cost Design into Environmentally Conscious Cost Design in Japan: Likelihood and Problems for Further Development;174
12.1;7.1 Introduction;174
12.2;7.2 Cost Design and Its Space-Time Expansion;176
12.2.1;Comparison of Cost Design with the Standard Cost System;176
12.2.2;Extension of Cost Design to Supply Chains and the Product Life Cycle;178
12.3;7.3 Cost Design and Environmentally Conscious Manufacturing of Japanese Companies in Electric Machine and Transportation Equipment Industries;182
12.3.1;The Present State of Environmentally Conscious Management;182
12.3.2;Structures and Problems of Environmentally Conscious Cost Design;184
12.4;7.4 Eco-Procurement and the Future Development of Environmentally Conscious Cost Design;191
12.4.1;Problems and Challenges;191
12.4.2;Questions and Possible Solution Under Complicated Supply Chain System;192
12.5;7.5 Conclusion;196
12.6;Bibliography;198
13;Chapter 8: Comprehensive Opportunity and Lost Opportunity Control Model and Enterprise Risk Management;205
13.1;8.1 Introduction;205
13.2;8.2 Basic Framework of the Accounting Control System;207
13.3;8.3 Development of Accounting Control Systems;210
13.3.1;Traditional Accounting Control System;210
13.3.2;Demski’s Model: Ex Post System;211
13.3.3;Cost Design and the Feed-Forward Control Model;213
13.4;8.4 COLC Model and Profit Design as an Amplified Form of Cost Design;216
13.4.1;Structure and Characteristics;216
13.4.2;COLC Model and Its Historical Implication;218
13.5;8.5 COLC Model and Risk Management Report;221
13.5.1;Risk Management Report Under the COLC Model;221
13.5.2;Risk Management Report and Corporate Accountability;223
13.6;8.6 Conclusion;228
13.7;Bibliography;230
14;Chapter 9: Foreign Exchange Risk and Profit Improvement in the Comprehensive Opportunity and Lost Opportunity Control Model;234
14.1;9.1 Introduction;234
14.2;9.2 Prior Research and Literature;236
14.2.1;Literature on the Interrelation Between Risk Management and Management Accounting;236
14.2.2;Proposal of the COLC Model;237
14.3;9.3 Effects of Foreign Exchange Rate Risks on Manufacturing Performance in Japanese Manufacturing Companies;239
14.4;9.4 COLC Model and Hedge Accounting;243
14.4.1;Derivatives and Risk Management;243
14.4.2;Hedging and the COLC Model;244
14.4.3;More Proactive Countermeasures Against the Risk of Foreign Exchange Fluctuations;246
14.5;9.5 Synthetic Development of the COLC Model in Foreign Exchange Risks and Derivatives;251
14.6;9.6 Conclusion;257
14.7;Bibliography;258
15;Chapter 10: Synthesis of Environment, Risk, Function, and Cost in Profit Design;261
15.1;10.1 Introduction;261
15.2;10.2 Environmentally Conscious Management and Supply Chain;262
15.3;10.3 Green Factories and Green Products;265
15.4;10.4 Structure and Problems of Environmentally Conscious Cost Design;266
15.5;10.5 Conceptualization of Profit Design in Relation to Environment, Risk, and Function;269
15.6;Bibliography;271
16;Chapter 11: Recent Development and Features of Management System in China: The Case of Cellular Phone Handset Manufacturers;272
16.1;11.1 Introduction;272
16.2;11.2 Background and Present Features of Chinese Management System;273
16.3;11.3 The Recent Chinese Economy and Enterprise Globalization;274
16.3.1;Globalization of Production and Markets in ZTE and Its New Third Wave in International Management System;278
16.4;11.4 Structure of the Chinese Production and Management System in Reference to that of the Japanese;283
16.4.1;Structure and Features of Chinese Production and Management System;283
16.4.2;The Comparison of the Chinese Management System with the Japanese;285
16.5;11.5 The Bipolar Diversity of Chinese Enterprises and Reorganization;289
16.6;11.6 Possibility of a New Potential in World Management System and Uncertainty;291
16.6.1;Third Wave of Business Management;291
16.6.2;Innovation of Business Management and Uncertainty in ‘New Normality’;293
16.7;11.7 Conclusion;295
16.8;Bibliography;298
17;Chapter 12: Examination of Chinese Enterprise Risk Management from the Perspective of the Integrated Management of Profit Opportunity and Risk;300
17.1;12.1 Structure and Meanings of Government-Based Enterprise Risk Management;300
17.1.1;Regulations and Meanings;300
17.1.2;The Structure of the Dual Type of Risk Management;303
17.2;12.2 Governmental Economic Policy and Enterprise Risk Management;305
17.3;12.3 Practical Risk Management Problems in a Group Company and Supply Chain;309
17.3.1;Risk Management of a Finance Company in a Group Company;309
17.3.2;Risk Management in the Supply Chain: The Case of Shen Long Automobile Company;311
17.4;12.4 Profitability and Enterprise Risk Management;314
17.4.1;Profitability of Top 500 Enterprises by Revenue: Background on Risk Management;314
17.4.2;Present Problems Facing High-Profit and Deficit Enterprises;321
17.5;12.5 Chinese Enterprise Risk Management and the Comprehensive Opportunity and Lost Opportunity Control Model9;322
17.6;12.6 Conclusion;327
17.7;Bibliography;330
18;Correction to: Management, Uncertainty, and Accounting;334
19;Bibliography;335
20;Index;359