Technology has dramatically changed the way we live. Information technologies, transportation systems, food technology and medical and scientific discoveries affect the way we work, eat and play. For example, Internet. Many devices we use daily rely on micro-chips and softwar...
What is Accounting
Branches of Accounting
Definition of Environmental Accounting
Definition of Management Accounting
Functions of Management Accounting
MANGEMENT ACCOUNTING SYSTEM
1) Financial knowledge enables central control to determine what is happening in different subsidiaries. That enable the integration and control of subsidiaries by the central control. (Belkauoi, 1991)
2) Management accounting’ involvement in curren...
Strategic Management Accounting has been defined as "a form of management accounting in which emphasis is placed on information which relates to factors external to the firm, as well as non-financial information and internally generated information."
Back in 1981, Ken Simmonds, probably the pionee...
The primary role of management accounting is to information in a timely manner to the company’s provide relevant management to help them plan and control the activities of the organization and with which optimal and sound decisions can be made. All the topic areas examined relate to t...
School of Accounting
Semester 2, 2010
ACC3AMA Strategic Management Accounting
Group Written Assignment (25%) – TOTAL MARK is 25.
Due Date: Group Assignment to be submitted in Tutorials during Week 11 (Week commencing 11th October, 2010).
• The report should not be any longer than 3,00...
Ken Simmonds (1981), the pioneer writer on the subject of Strategic Management Accounting, defined it as, "a form of management accounting in which emphasis is placed on information which relates to factors external to the firm, as well as non-financial information and internally generated informati...
Project appraisal techniques are a useful tool to assess the potential benefits and impacts of undertaking a project or a new development.
Three widely used and accepted methods used by finance and project managers are:
Accounting Rate of Return
Net Value & Ne...
PEST CASE STUDY: PEPSI COLA
SOME PERTINENT FACTS:
International markets have now become the hotspots for Pepsi. These markets are Eastern Europe, Mexico, china, Saudi Arabia and India.
• Pepsi has 37% global market share operating in 190 countries.
• At every level of Pepsi Cola Company...
1. Financial control involves the use of financial measures to assess organizational and management performance.
2. Financial measures identify what is wrong with an organization, not simply provide a signal that somethin...
In traditional approach, the exact cost of products or services is probably impossible to determine. The use of direct labor as the activity base made sense when overhead cost allocation systems were first developed. At that time direct labor made up a large portion of total manufacturing cost. Ther...
MANAGEMENT CONTROL IN A BUSINESS NETWORK: NEW CHALLENGES FOR ACCOUNTING
BY DR. ROLAND BARDY
Adjunct Professor, Fachhochschule Worms, Germany; Adjunct Instructor, Goizueta Business School, Emory University, USA; Director (Retired) of BASF Aktiengesellschaft, Ludwigshafen, Germany.
1. Define Management Accounting?
Ans:- “ Management Accounting is concerned with accounting information that is useful to Management”. “ Such of its techniques and procedures by which accounting mainly seeks to aid the management collectively have come to be known as management Accounting”...
Principle of Accounting II - ACC-206
January 12, 2009
Management control is to ensure that the organization achieves its objectives. Once the objectives have been agreed, action plans should be drawn up so tha...
To Whom It May Concern
This is to certify that the following students of ACE Institute of Management, pursuing MBAe, visited our organization Chaudhary House at Sanepa on 9th March 2008 for the preparation of the report about the Organizational Behavior pattern and practices prevailing in this or...