tailieunhanh - Ebook Management and cost accounting (8th edition): Part 2

(BQ) Part 2 book "Management and cost accounting" has contents: The budgeting process, management control systems, divisional financial performance measures, transfer pricing in divisionalized companies, strategic cost management,.and other contents. | Find more at PART FOUR INFORMATION FOR PLANNING, CONTROL AND PERFORMANCE MEASUREMENT Find more at 15 The budgeting process 16 Management control systems 17 Standard costing and variance analysis 1 18 Standard costing and variance analysis 2: Further aspects 19 Divisional financial performance measures 20 Transfer pricing in divisionalized companies T he objective in this section is to consider the implementation of decisions through the planning and control process. Planning involves systematically looking at the future, so that decisions can be made today which will bring the company its desired results. Control can be defined as the process of measuring and correcting actual performance to ensure that plans for implementing the chosen course of action are carried out. Part Four contains six chapters. Chapter 15 considers the role of budgeting within the planning process and the relationship between the long-range plan and the budgeting process. The budgeting process in profit-oriented organizations is compared with that in non-profit organizations. Chapters 16 to 18 are concerned with the control process. To fully understand the role that management accounting control systems play in the control process, it is necessary to be aware of how they relate to the entire array of control mechanisms used by organizations. Chapter 16 describes the different types of controls that are used by companies. The elements of management accounting control systems are described within the context of the overall control process. Chapters 17 and 18 focus on the technical aspects of accounting control systems. They describe the major features of a standard costing system: a system that enables the differences between the planned and actual outcomes to be analyzed in detail. Chapter 17 describes the operation of a standard costing system and explains the procedure for calculating the variances. Chapter 18 examines more complex aspects