Post on 22-Jan-2015
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2. LearningObjective 1 3. Define Managerial Accounting
4. LearningObjective 2 5. Managing Resources, Activities, and People
Acquires Resources Hires People Organized set of activities Decision Making Planning Directing Controlling 6. LearningObjective 3 7. How Managerial Accounting Adds Value to the Organization
8. The Balanced Scorecard How do welook to owners? How do customers see us? How can we continue to improve? In which activities must we excel? Financial Perspective GoalsMeasures Customer Perspective GoalsMeasures Operations Perspective GoalsMeasures Innovation Perspective GoalsMeasures 9. LearningObjective 4 10. Managerial versus Financial Accounting Accounting System (accumulates financial and managerial accounting data in the cost accounting system) Managerial Accounting Information for decision making, planning, and controlling an organizations operations. Financial Accounting Published financial statements and other financial reports. Internal Users External Users 11. Managerial versus Financial Accounting 12. LearningObjective 5 13.
Line and Staff Positions
14. LearningObjective 6 15. Controller
16. Treasurer
17. Internal Auditor
18. LearningObjective 7 19. Major Themes in Managerial Accounting Managerial Accounting Information and Incentives Costs and Benefits Evolution and Adaptation Behavioral Issues 20. Evolution and Adaptation in Managerial Accounting E-Business Service vs.Manufacturing Firms Emergence of New Industries Global Competition Focus on the Customer Cross-Functional Teams Product Life Cycles Time-BasedCompetition Information and Communication Technology Just-in-Time Inventory Total Quality Management Continuous Improvement Change 21.
Cost Management Systems Cost Management System 22.
Cost Management Systems Cost Management System 23. LearningObjective 8 24. Strategic Cost Management and the Value Chain Product Design Research and Development Securing raw materials and other resources Production Marketing Distribution Customer Service Start 25. Theory of Constraints
Restrictions or barriers that impede progress toward an objective 26. LearningObjective 9 27. Ethical Climate of Business
28. LearningObjective 10 29. Managerial Accounting as a Career
Institute of Management Accountants (IMA) Publishes Management Accounting and research studies. Administers Certified Management Accountant program Develops Standards of Ethical Conduct for Management Accountants 30. Professional Ethics
31. End of Chapter 1