tailieunhanh - Lecture Principles of accounting (2005): Chapter 19 - Needles, Powers, Crosson

Chapter 19 - The changing business environment: a manager's perspective. Chapter 19 provides an introduction to management accounting. It will clarify the differences between management and financial accounting. It goes on to explain the management cycle, continuous improvement, performance measures, and preparing a management report. | The Changing Business Environment: A Manager’s Perspective Multimedia Slides by: Gail A. Mestas, MAcc, New Mexico State University Chapter 19 Learning Objectives Distinguish management accounting from financial accounting and explain the role of management accounting in the management cycle. Describe the value chain and its usefulness in analyzing a business. Identify the management tools used for continuous improvement and describe how they work to meet the demands of global competition and how management accounting supports them. Learning Objectives Explain the balanced scorecard and its relationship to performance measures. Prepare an analysis of nonfinancial data. Identify the standards of ethical conduct for management accountants. The Role of Management Accounting Objective 1 Distinguish management accounting from financial accounting and explain the role of management accounting in the management cycle The Role of Management Accounting To provide an information system that . | The Changing Business Environment: A Manager’s Perspective Multimedia Slides by: Gail A. Mestas, MAcc, New Mexico State University Chapter 19 Learning Objectives Distinguish management accounting from financial accounting and explain the role of management accounting in the management cycle. Describe the value chain and its usefulness in analyzing a business. Identify the management tools used for continuous improvement and describe how they work to meet the demands of global competition and how management accounting supports them. Learning Objectives Explain the balanced scorecard and its relationship to performance measures. Prepare an analysis of nonfinancial data. Identify the standards of ethical conduct for management accountants. The Role of Management Accounting Objective 1 Distinguish management accounting from financial accounting and explain the role of management accounting in the management cycle The Role of Management Accounting To provide an information system that enables persons throughout an organization to Make informed decisions Be more effective at their jobs Improve the organization’s performance The Role of Management Accounting (cont’d) Managers need accurate and timely information to Plan and control an organization’s operations Measure its performance Make decisions about products or services The Role of Management Accounting (cont’d) Employees who handle daily operations need accurate and timely information to do their job more efficiently Such as managing the flow of materials into a production system The Role of Management Accounting (cont’d) All types and sizes of organizations need management accounting Manufacturing Retail Service Governmental The precise type of information needed depends on an organization’s goals and the nature of its operations Management Accounting is the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information used by management to

• Kế toán - Kiểm toán
• Principles of accounting
• Lecture Principles of accounting
• Nguyên lý kế toán
• Accounting information
• Changing business environment
• Management accounting
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting