Management, Uncertainty, and Accounting (Case Studies, Theoretical Models, and Useful Strategies)

This book offers valuable insights into the management of uncertainty and business enterprises risk. Propelled by clear construct and communication, Nishimura introduces an innovate model (COLC) that embodies forward-looking, globalized understandings of how managers can exploit profit opportunities, transform risk into profit opportunities, and minimize enterprise risk. This book is for every manager who is serious about promoting business competitiveness and success. --Ralph Adler, Professor, Department of Accountancy & Finance, University of Otago, New Zealand Nishimura's discussion on the need for feed forward control in today's dynamic and uncertain world is exceptionally brilliant. The emphasis on the need for strategic management accounting tools to transform risk into profit opportunities is well articulated. Indeed, this thought provoking book is a "must read" for any business wanting to remain competitive, be it SMEs or multinational organizations. --Maliah Sulaiman, Professor, Faculty of Economic and Management Science, International Islamic University, Malaysia This book brings together Nishimura's considerable knowledge, developed over a long and illustrious career, of the discipline of management accounting across a wide range of topics. These include such matters as strategic innovation, uncertainty and risk, together with feed-forward control, cost design and opportunity control. The book provides an invaluable insight into ideas underpinning Japanese management accounting that are often very different to those encountered elsewhere in the accounting literature. --Roger Willett, Professor, School of Accounting and Commercial Law, Victoria University of Wellington, New Zealand 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. Front Matter ....Pages i-xxv Introduction (Akira Nishimura)....Pages 1-29 Enterprise Governance and Management Accounting from the Viewpoint of Feed-Forward Control (Akira Nishimura)....Pages 31-50 Conceptual Analysis of Value-Based Management and Accounting: With Reference to Japanese Practices (Akira Nishimura)....Pages 51-72 Uncertainty and Management Accounting: Opportunity, Profit Opportunity, and Profit (Akira Nishimura)....Pages 73-95 Profit Opportunity, Strategic Innovation, and Management Accounting (Akira Nishimura)....Pages 97-127 Strategic Management Accounting and Feed-Forward Management: With Reference to the Unified Management of Profit Opportunity and Risk (Akira Nishimura)....Pages 129-152 Transforming Cost Design into Environmentally Conscious Cost Design in Japan: Likelihood and Problems for Further Development (Akira Nishimura)....Pages 153-183 Comprehensive Opportunity and Lost Opportunity Control Model and Enterprise Risk Management (Akira Nishimura)....Pages 185-213 Foreign Exchange Risk and Profit Improvement in the Comprehensive Opportunity and Lost Opportunity Control Model (Akira Nishimura)....Pages 215-241 Synthesis of Environment, Risk, Function, and Cost in Profit Design (Akira Nishimura)....Pages 243-253 Recent Development and Features of Management System in China: The Case of Cellular Phone Handset Manufacturers (Akira Nishimura)....Pages 255-282 Examination of Chinese Enterprise Risk Management from the Perspective of the Integrated Management of Profit Opportunity and Risk (Akira Nishimura)....Pages 283-316 Back Matter ....Pages 317-350