Managerial Accounting Chapter # 01 Homework 1 01) How does managerial accounting differ from financial accounting? A: Managerial accounting is concerned with providing information to managers for use inside the organization. Financial accounting is con¬cerned with providing information to stockhold¬ers‚ creditors‚ and others outside of the organi¬zation. 02) Pick any major television network and describe some planning and control activities that its managers would engage in. A: Five examples
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1.0 INTRODUCTION……………….................................................................................. 2 2.0 MANAGERS………………………………………………………………………….. 2 2.1 Top Level Managers…………………………………………………………… 2 2.2 Middle level Managers………………………………………………………… 2 2.3 Low level Managers or first-line Managers…………………………………… 3 3.0 MANAGERIAL FUNCTIONS………………………………………………………. 3 3.1 Planning……………………………………………………………………….. 4 3.2 Organising……………………………………………………………………… 4 3.3 Leading or Directing……………………………………………………………
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Managerial Roles (Chris van Overveen - Senior Consultant Trimitra Consultants) To meet the many demands of performing their functions‚ managers assume multiple roles. A role is an organized set of behaviors. Henry Mintzberg has identified ten roles common to the work of all managers. The ten roles are divided into three groups: interpersonal‚ informational‚ and decisional. The informational roles link all managerial work together. The interpersonal roles ensure that information is provided.
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Throughout this assignment I will be discussing the importance of the skill of Negotiation. Negotiation is used frequently in everyday situations and I am going to use the example of using negotiation in groups‚ which I have experienced firsthand‚ for the given assignment. Negotiation is very important for people and individuals to work out disputes and everyday situations. ‘Negotiation is not only common but also essential to living an effective and satisfying life. We all need things – resources
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Speaking is considered as the most important skill of the learner‚ most of the time the proficiency of this skill is which judges the knowledge of the learner of the second language. People have to many reasons to improve their ability of the skill such as expressing ideas‚ creating relationships‚ exchanging information etc. Even though‚ the development of this skill is not an easy task for anybody‚ there are many aspects that have to be taken into account in the learning process‚ the learner must
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NAME: NYAGOL ONYANGO BRIAN ADM NO.: EC/16/11 COURSE CODE: IRD 107 COURSE TITLE: COMMUNICATION SKILLS WORK: ASSIGNMENT. TITLE: IMPORTANCE OF COMMUNICATION SKILLS TO A UNIVERSITY STUDENT LECTURER: MR. KHWALIA DATE OF SUBMISSION: ………………/…………../……………… STUDENT SIGNATURE: ……………………………………………… IMPORTANCE OF COMMUNICATION SKILLS TO A UNIVERSITY STUDENT. Communication skills are the skills that every individual requires in order to send information to an audience in the most efficient way
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Introduction ‘‘Competency-based strategic management is a relatively new way of thinking about how organizations gain high performance for a significant period of time. Established as a theory in the early 1990s‚ competence-based strategic management theory explains how organizations can develop sustainable competitive advantage in a systematic and structural way. The theory of competence-based strategic management is an integrative strategy theory that incorporates economic‚ organizational and
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a 1. Define the three aspects of organizational architecture. The three aspects of organizational structures as highlighted in the synopsis of Managerial Economics and Organizational Architecture are as follows : 1. The assignment of decision rights within the firm 2. The methods of rewarding individuals 3. The structure of systems to evaluate the performance of individuals and units These three components are often referred to a stool with three legs. If one of the
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In general there are three different types of managers‚ first line managers‚ middle managers and top managers. Each of the three managers has different specific ability required. This essay focuses on top-level managers and what are the skills necessary for top-level manager or Chief Executive Officers (CEOs). This thesis will also identifies the three types of managerial skill and compares Katz theory of Managerial Skills with Minzberg theory of Managerial Roles. Chief executives officers (CEOs)
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The Importance of Writing Skills Writing skills are an important part of communication. Regardless of what level of hierarchy you are at in an organization‚ writing is a valuable skill. Managers especially cab greatly benefit from honing their writing craft. Managers are expected to write reports‚ emails‚ memos and letters which their subordinates are supposed to read. Now if this written communication is badly structured and written‚ the subordinates will waste time trying to decipher it. Badly
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