ACCG330: Strategic Management Accounting LECTURE 12 CONTROL PROBLEMS AND PRACTICES IN MULTINATIONAL ORGANISATIONS ACCG330 Readings: Anthony & Govindarajan (2007‚ pp.678-696) ACCG330 Strategic Management Accounting Session 1‚ 2012 Learning Objectives 1. Describe management control problems and practices in multinational corporations. 2. Explain problems and issues associated with global organisations: i. Cultural differences and their impact on management controls. ii. Transfer
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MANAGEMENT ACCOUNTING AND ORGANIZATIONAL CHANGE: IMPACT OF ALIGNMENT OF MANAGEMENT ACCOUNTING SYSTEM‚ STRUCTURE AND STRATEGY ON PERFORMANCE Introduction In the search to understand management accounting in competitive environments and advance technologies‚ change has increasingly become a focus for research. Many firms have experienced significant changes in their organizational design‚ competitive environments and technologies. Business environments exhibit a variety of structures and processes
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Benchmarking‚ Strategic Cost Management‚ Total Quality Management and Six Sigma. These developments had a vast impact on the overall usage of cost accounting. Accountants have been found to be the first to resist change‚ and the failure to various ABC and scorecard projects has been linked to the unwillingness of accountants themselves to see the project through. Despite all the positive results in the past‚ it appears that the adoption of advanced management accounting practices has slowed. The
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Advantages of management accounting information The provision of management accounting information are for the intention of planning‚ control and decision making which may contribute to the success of an organization. Management accounting is the process of gathering information about economic activity that will be advantageous for the organization. For the planning of an organization‚ the manager can use the historical‚ present and future information obtained from management accounting which based
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According to Burger (2008) “Accounting is the language of business. A lot of people think it ’s just numbers‚ but it ’s really a lot more than that. There are a lot of areas outside of numbers that need to be looked at‚ processes and procedures‚ what the tone of the company is. Accounting will take you in just about any direction in a company." ~ Wade Becker‚ CPA‚ Beard‚ Miller Co. The job description of many professions is changing nowadays. The skills to perform a certain job require more skills
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Key financials & Employees Arsenal Turnover Profit (Loss) before Taxation Net Tangible Assets (Liab.) Shareholders Funds Profit Margin Return on Shareholders Funds Return on Capital Employed Liquidity Ratio (x) Gearing (%) Number of Employees Chelsea Turnover Profit (Loss) before Taxation Net Tangible Assets (Liab.) Shareholders Funds Profit Margin Return on Shareholders Funds Return on Capital Employed Liquidity Ratio (x) Gearing (%) Number of Employees Man U Turnover
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The Hong Kong Polytechnic University School of Professional Education and Executive Development Bachelor of Business Administration (Honours) in Accountancy SPD2297 Management Accounting 1 Semester 1‚ 2014/15 Teaching Plan Lecturers: Office: Consultation Hours: Prior knowledge: (if any) 1. Dr. Artie W. Ng (Lectures) / e-mail: spartie@speed-polyu.edu.hk/ Dr. Mindy Xu (Tutorials) mingxu@speed-polyu.edu.hk WK-S1201g/ N1103b 3746-0713 / 3746-0721 Tel: Tuesday 3:30pm – 5:30pm
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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 this primary role. Although this role and its related topics covered are clearly understood by most‚ if not all candidates or even managers in the organizations‚ different types of relevant information are needed for
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Gil St.‚ Manila Graduate School of Business and Management Course Syllabus – Management Accounting (2nd Trimester‚ A.Y. 2014 – 2015) I. Course Description This course emphasizes on the use of accounting information as a tool of management in the functions of planning‚ organizing‚ controlling and decision-making. It covers the understanding of bookkeeping fundamentals‚ the basic accounting concepts‚ revenue and cost measurements and the accounting for assets‚ liabilities and capital. The preparation
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Strategic Management Accounting 2014 / 15 Level 6 Module Code 44-6785-00C Sheffield Business School Module leader - Richard Watkinson TABLE OF CONTENTS Page What’s this module about? 3 How will this module deliver the relevant industry sector skills and competencies? 3 How will this module be delivered? 4 Assessment Package 5 How will Blackboard be used with this module? 5 How will student feedback be obtained on this module and how will this be
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