The article discusses advanced management accounting topics such as cost system concepts, decision-making with committed and flexible resources, activity-based costing, product profitability, decentralized decision-making, balanced scorecard, financial measures of performance, investments, incentive and compensation systems, and formal models for budgeting and control systems. Key findings include the importance of measuring total business unit performance, using financial measures for investments and EVA, and incorporating new material on incentive systems and compensation.