Handbook on Accounting and Control in Family Business

This insightful Handbook outlines why accounting and control are essential, yet often neglected, topics in family businesses. Leading experts discuss the primary characteristics of family businesses that may impact these processes and how family firms can consistently apply core principles across a variety of contexts. Contributors analyse the characteristics and criticalities of adopting managerial control systems, governance mechanisms, financial accounting practices and professional managers. They argue that four vital aspects must be considered in their application: managerialization, professionalization, governance and financial accounting. Assessing the impacts of proper accounting practices on earnings potential, financial structures and overall performance, the book proposes actionable recommendations for implementing more efficient and prosperous business strategies in family firms.The Handbook on Accounting and Control in Family Business is an essential resource for scholars and students of business, economics, finance and accounting. Consultants, managers and members of family businesses will likewise benefit from its practical guidance.