Professional Documents
Culture Documents
TOPICS:
1 Overview of Managerial Accounting
The role and functions of managerial
accounting
Management Accounting
Information
Management Accounting and
Ethical Conduct
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TOPICS:
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TOPICS:
4. Design of Cost and management accounting systems
- Job Order costing
- Process Costing
- Activity Base Costing
5. Managerial Accounting Techniques for Planning and
Control
Cost Behavior and CVP Analysis
Variable Costing
Transfer Pricing
Standard Costs
Application of Quantitative Techniques
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7. Budgeting
- Operational and Financial Budgeting
- Capital Budgeting/Capital Investment Decision
- Definition, Characteristics, Categories,
Elements, Process
- Net Initial Investment or Project Cost
- Net Cash Returns
- Lowest Acceptable Rate of Return/Cost of
Capital
- Screening Capital Investment Proposals
- Ranking of Investment Projects
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OVERVIEW OF MANAGERIAL
ACCOUNTING
Management Accounting (Managerial Accounting) - a discipline that includes
almost all manipulations of financial information for use by managers in
performing their organizational functions and in assuring the proper use and
handling of an entitys resources; it includes the discipline of cost accounting.
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Decision Making
Role of Accountant in Decision Making:
Selection of relevant data
Present the data to management
Explains the analysis to managers using analytical techniques to help
managers understand the implications of the decisions.
can be done.
supervision of activities.
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B. Confidentiality:
- Refrain from disclosing confidential information
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C. Integrity:
D. Objectivity:
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Unprecedented access to
information
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1.)Using teams
2.) Lean Management
3.) Open-Source Business
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USING TEAMS
Hourglass organization = has only three layers where
the top management is responsible for formulating a
vision/mission for the organization and making sure it
becomes a reality. It is the middle management that
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Hourglass Organization
Top Management
Middle level
Middle Level
Middle Level
Lower Level
Lower Level
Lower Level
Cluster organization
Team A
Team B
Team C
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Virtual Corporation
Virt. Org
Administration
Co. A
Mfg.
Co. B
Distributor
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CUSTOMERS SATISFACTION
Key Success Factors
Total Chain
Value Analysis
TOTAL CUSTOMERS
SATISFACTION
Dual
Internal/External
Focus
Continuous
Improvement
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Customer satisfaction
It is the first priority of any business.
Referring to Customer Value - the difference between
what the customer receives and what he gives up.
(Hansen & Mowen)
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