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Roles of ACCOUNTING manager

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Babasab Patil
Babasab Patil

CHANGING ROLES OF MANAGER ACCORDING TO ENVIRONMENTAL

BusinessCarrière
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The Role of Managerial Accounting in a Dynamic Business Environment BY BABASAB PATIL
Learning Objective 1
Define Managerial Accounting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Learning Objective 2
Managing Resources, Activities, and People ,[object Object],Acquires Resources Hires People Organized set of activities Decision Making Planning Directing Controlling
Learning Objective 3
How Managerial Accounting Adds Value to the Organization ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Balanced Scorecard How do we look to owner’s? How do customers see us? How can we continue to improve? In which activities must we excel? Financial Perspective Goals Measures Customer Perspective Goals Measures Operations Perspective Goals Measures Innovation Perspective Goals Measures
Learning Objective 4
Managerial versus Financial Accounting Accounting System (accumulates financial and managerial accounting data in the cost accounting system) Managerial Accounting Information for decision making, planning, and controlling an organization’s operations. Financial Accounting Published financial statements and other financial reports. Internal Users External Users
Managerial versus Financial Accounting
Learning Objective 5
[object Object],[object Object],Line and Staff Positions ,[object Object],[object Object]
Learning Objective 6
Controller ,[object Object],[object Object],[object Object],[object Object],[object Object]
Treasurer ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Internal Auditor ,[object Object],[object Object]
Learning Objective 7
Major Themes in Managerial Accounting Managerial Accounting Information and Incentives Costs and Benefits Evolution and Adaptation Behavioral Issues
Evolution and Adaptation in Managerial Accounting E-Business Service vs. Manufacturing Firms Emergence of New Industries Global Competition Focus on the Customer Cross-Functional Teams Product Life Cycles Time-Based Competition Information and Communication Technology Just-in-Time Inventory Total Quality Management Continuous Improvement Change
[object Object],[object Object],[object Object],Cost Management Systems Cost Management System
[object Object],[object Object],[object Object],Cost Management Systems Cost Management System
Learning Objective 8
Strategic Cost Management and the Value Chain Product Design Research and Development Securing raw materials and other resources Production Marketing Distribution Customer Service Start
Theory of Constraints ,[object Object],Restrictions or barriers that impede progress toward an objective
Learning Objective 9
Ethical Climate of Business ,[object Object]
Learning Objective 10
Managerial Accounting as a Career ,[object Object],Institute of Management Accountants (IMA) Publishes Management Accounting and research studies. Administers Certified Management Accountant program Develops Standards of Ethical Conduct for Management Accountants
Professional Ethics ,[object Object],[object Object],[object Object],[object Object]
End of Chapter 1

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Roles of ACCOUNTING manager

  • 1. The Role of Managerial Accounting in a Dynamic Business Environment BY BABASAB PATIL
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  • 8. The Balanced Scorecard How do we look to owner’s? How do customers see us? How can we continue to improve? In which activities must we excel? Financial Perspective Goals Measures Customer Perspective Goals Measures Operations Perspective Goals Measures Innovation Perspective Goals Measures
  • 10. Managerial versus Financial Accounting Accounting System (accumulates financial and managerial accounting data in the cost accounting system) Managerial Accounting Information for decision making, planning, and controlling an organization’s operations. Financial Accounting Published financial statements and other financial reports. Internal Users External Users
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  • 15.
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  • 19. Major Themes in Managerial Accounting Managerial Accounting Information and Incentives Costs and Benefits Evolution and Adaptation Behavioral Issues
  • 20. Evolution and Adaptation in Managerial Accounting E-Business Service vs. Manufacturing Firms Emergence of New Industries Global Competition Focus on the Customer Cross-Functional Teams Product Life Cycles Time-Based Competition Information and Communication Technology Just-in-Time Inventory Total Quality Management Continuous Improvement Change
  • 21.
  • 22.
  • 24. Strategic Cost Management and the Value Chain Product Design Research and Development Securing raw materials and other resources Production Marketing Distribution Customer Service Start
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  • 30.