Financial accounting and management accounting both prepare and analyze financial data. However‚ certain aspects of these two fields are very different. This article discusses the various differences between financial accounting and management accounting. The differing characteristics to be discussed include the users of information‚ the types of information‚ regulatory oversight‚ and frequency of reporting. Users of Information Financial accounting and management accounting provide information
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ABX Co does not understand the difference between financial accounting and management accounting; and therefore is finding it hard to understand why I have proposed the idea of having an assistant to concentrate on management accounting duties. I will be discussing below various elements as to what and how financial accounting and management accounting differ. Differences between Financial accounting & Management accounting Financial accounting and Management accounting both produce reports
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1-The difference between human resource management and personnel management. Human resource management and personnel management are a little bit the same. Personnel management is one of the parts of human resource management. Human resource management examines or looks after the wide abstract principle of human resource. It deals with organizational management‚ personnel administration‚ industrial management‚ manpower management‚ personnel training and development‚ and organizational development
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he differences between management accounting and financial accounting include:[1] 1. Management accounting provides information to people within an organization while financial accounting is mainly for those outside it‚ such as shareholders 2. Financial accounting is required by law while management accounting is not. Specific standards and formats may be required for statutory accounts such as in the I.A.S International Accounting Standard within Europe. 3. Financial accounting covers the
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Leadership and Management Leaders and managers can both be found in successful organizations; however‚ leadership and management are two concepts that tend to be used in the same context‚ yet they do not mean the same thing. The two terms actually have a significant difference. Leadership is the ability to influences others to voluntarily pursue organizational goals‚ whereas management is exercising direction of a group/organization through executive administrative and supervisory positions. In some
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8 Performance Management and Appraisal Learning Outcomes After studying this chapter you should be able to: 8.1 Discuss the difference between performance management and performance appraisal 8.2 Identify the necessary characteristics of accurate performance management tools 8.3 List and briefly discuss the purposes for performance appraisals 8.4 Identify and briefly discuss the options for “what” is evaluated in a performance appraisal 8.5 Briefly discuss the
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ALIGNMENT OF KNOWLEDGE MANAGEMENT AND STRATEGIC ORIENTATION Mrs. Aparna Gaur Faculty HR & IT International Business School‚ Kota Rajasthan‚ India tel. 0744-6999364‚ 982898990‚9829035702 hiaparnagaur@yahoo.com Mr. Arun Deshmukh Faculty Marketing & IB International Business School‚ Kota Rajasthan‚ India tel. 0744-6999364‚ 9571006798 arund178@gmail.com Abstract Purpose This paper focuses on the value of knowledge management (KM) for strategic management of organizations. While
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Rushton (2006) contents that a widely accepted view of logistics shows the following relationship: Logistics = Supply + Materials management + Distribution It is first important that we get a better understanding of the relationship shown above by defining the variables involved. Supply in the above equation can be said to incorporate supply chains while materials management comes into play because it is mainly concerned with the flow of materials to and from production. According to Lysons (2006)‚
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[pic] AMERICAN INTERNATIONAL UNIVERSITY-BANGLADESH (AIUB) BBA Program Principles of Management Course Outline- Fall 2011-2012 Semester Course Code : BBA-1203 Pre Requisite : Introduction to Business (BBA-1101) Course Credit : 3 Course Title : Principles of Management Course Faculty : Md. Mostofa Jaman Department : Management Email : Jaman@aiub.edu Vision AMERICAN INTERNATIONAL UNIVERSITY-BANGLADESH (AIUB) envisions promoting professionals and excellent leadership catering
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Market Orientation and Product Orientation This is an important distinction. Most businesses would today describe themselves as being ‘market oriented’ or ‘market led’. This approach requires market research and market analysis to indicate present and future consumer demand. The consumer is put first – the business attempts to produce what consumers want rather than try to sell them a product they may not really want to buy. It has advantages‚ especially in fast-changing‚ volatile consumer markets
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