Professional Documents
Culture Documents
Overview
Management Accounting:
The process of identifying, measuring,
accumulating, analyzing, preparing,
interpreting, and communicating
information that helps managers fulfill
organizational objectives
Decisions supported by MA:
Pricing
Marketing
Investment
Division Performance Evaluation
Function of MA Information
Operational Control
Provide feedback information about the efficiency of tasks
performed
Product and Customer Costing
Measure the costs of resources used to produce a product
or service and to market and deliver the product/service to
customer
Management Control
Provide information on the performance of managers and
operating units
TOOLS:
Users
Freedom of Choice
Behavioral Implications
Time Focus
Time Span
Scope of Reports
Supporting Discipline
Organizations:
Institute of Management Accountant
VS
AICPA
CPA
CMA
Trends:
Shift from a manufactured-based to a
service-based company
2.
Increased global competition
3.
Advanced manufacturing technology
Recent Development:
Global business environment:
1.
Forms learning
organization
Creates customer
value
Value-added manufacturing
philosophy
Value-added efficiency concepts
Inventory management: just-in-time
and zero defect
Changes in cost behaviour concepts
Changes in product costing
Value-added manufacturing
philosophy
Value-added Manufacturing
Total Quality
Planning:
Control:
Material requirement
Planning
Design:
Computer-aided design
Computer-aided engineering
Implementation:
Numerical control
Robotics
Flexible manufacturing system
Value-added efficiency
concepts
Efficiency is not just comparing output
and input
Throughput Time
=
Value-added time + Non value-added
time
Efficiency Concepts
VAT + NVAT
VAT
=1
PT
Throughput
Time
= MCE