CONTEMPORARY ISSUES IN MANAGEMENT ACCOUNTING

The evolution of some of the key issues related to capital budgeting makes it clear that informational impediments is a fundamental theme that has dominated much of the capital budgeting literature over the last sixty years. This presentation reviews the literature espousing this theme in the context of the following three specific, albeit related, issues: o the use of sophisticated methods for selecting capital investments; o asymmetric information and capital budgeting; o Post-auditing ca...