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In this issue

The Dilemma of Measurement 
in Financial Reporting
Those of us working in accounting realize that the numbers reported in financial statements may not be precise as a result of estimates. 

Management  Accounting 
for the Third Industrial Revolution
Welcome to The Third Industrial Revolution, which according to the Economist of 21 April 2012, suggests that the rapidly evolving digital manufacturing phenomenon will ‘change not just business but much else besides.’ 

Student Notes: 
Cost Behaviour
In the last instalment of Student Notes we looked at the various behaviour patterns that costs can exhibit. These patterns are important because knowledge of them can enable predictions of future cost amounts.

ICMA Member of the Month
Regular contributor Basil Tucker who lectures in the School of Commerce at the University of South Australia.

Practioners are from Mars, Academics are from Venus

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