CIMA management accounting decision management

... Managerial decision making process 2.1.1 Planning process 2.1.2 Control process 2.2 The importance and impact of accounting information on decision making process 2.2.1 Accounting information and ... importance and impact of accounting information on decision making process 2.2.1 Accounting information and its role in decision making pr...

Ngày tải lên: 13/03/2014, 14:20

... thesis The impact of accounting information on management’s decision making – Vinamilk case study is conducted to provide some purpose tools and select the appropriate information for decision making ... ACCOUNTING INFORMATION ON MANAGEMENT’S DECISION MAKING – VINAMILK CASE STUDY By TRUONG THUY CHUNG October 2011 Supervisor: Ms Nguyen Van Anh Th...

Ngày tải lên: 13/03/2014, 14:20

... 16 | CHAPTER TWO • Management Accounting and Decision-Making The Management Accounting Perspective of the Business Enterprise The management accounting view of business may be ... against standards or other desired results | 19 20 | CHAPTER TWO • Management Accounting and Decision-Making From the descriptive model of the basic features and assumptions of the managem...

Ngày tải lên: 23/03/2014, 00:20

... 14 What is management accounting? How useful is management accounting information? Providing a service But is it material? 15 16 17 18 Weighing up the costs and benefits Management accounting ... Welcome to the world of management accounting! In this introductory chapter, we examine the role of management accounting within a business To understand the context for managemen...

Ngày tải lên: 20/06/2014, 20:20

... additional management accounting information Figure 1.6 Relationship between cost and the value of providing additional management accounting information The benefits of management accounting information ... What is management accounting? l All accounting must be useful for decision making and this requires a clear under- standing of for whom and for what purpose the...

Ngày tải lên: 20/06/2014, 20:20

... Survey of Management Accounting, Ernst and Young, 2003 Using contribution to make decisions – marginal analysis If we cast our minds back to Chapter 2, where we discussed relevant costs for decision ... contracts such that if they not work for any reason, they are not paid The baskets are sold to a wholesaler for £14 each What is the BEP for basket making for the business? Solu...

Ngày tải lên: 20/06/2014, 20:20

... 1, the only point in providing management accounting information is to help managers make more informed decisions There are broadly four areas where managers use information concerning the full ... output decisions Having full cost information can help managers to make decisions on the price to be charged to customers for the business’s products or services Linked to the pricing decisio...

Ngày tải lên: 20/06/2014, 20:20

... budgeted overheads for next year, analysed between the two cost centres This should be in the form of three columns: one for the total figure for each type of overhead and one column each for the two ... theoretical aspects of the subject before going on to look at some more practical issues, particularly the role of management accounting information in pricing decisions M05_ATRI...

Ngày tải lên: 20/06/2014, 20:20

... that current management performance is compared with some yardstick What is wrong with comparing actual performance with past performance, or the performance of others, in an effort to exercise ... by central management before being submitted to the Board for approval Updated forecasts for the year are prepared at least quarterly The Board is provided with details of actual performanc...

Ngày tải lên: 20/06/2014, 20:20

... Young, S M., Management Accounting, 5th edn, Prentice Hall, 2007, chapter 11 Drury, C., Management and Cost Accounting, 7th edn, Cengage Learning, 2007, chapter 15 Hilton, R., Managerial Accounting, ... Page 218 ACCOUNTING FOR CONTROL Budgeting for control In Chapter 6, we saw that budgets provide a useful basis for exercising control over a business Control involves making eve...

Ngày tải lên: 20/06/2014, 20:20

... and fair view of financial performance and position This practice is referred to as ‘creative accounting and has been a major problem for accounting rule makers and for society generally Real World ... release information that may damage their competitive position Nevertheless, there are sources of information that can be used We shall now consider some of these and, given the manageme...

Ngày tải lên: 20/06/2014, 20:20

... to the maximum extent p 179 Management accounting The measuring and reporting of accounting information for the managers of a business p 15 Management accounting information system The system ... ability of accounting information to influence decisions Relevance is regarded as a key characteristic of useful accounting information p 17 Relevant cost A cost that is relevant to a...

Ngày tải lên: 20/06/2014, 20:20

... helpful for those involved with pricing decisions to have some feel for the elasticity of demand of the commodity that will be the subject of a decision The sensitivity of the demand to the decision ... relevant to reporting the productive effort for a period This measure of effort may have only a tenuous relationship to cash flows for a period The conventions of accounting may l...

Ngày tải lên: 20/06/2014, 20:20

... (absorption) costing accounting ‘creative’ 342–3 information, users 15, 16–17 periods 122 policies 342 profits 342, 350 role 15 see also management accounting; strategic management accounting accounting ... provision 17–18 see also strategic management accounting management by exception 184, 219, 456 managers accounting information for 16, 23–4 authorisation system for 184...

Ngày tải lên: 20/06/2014, 20:20

... role of management accounting A useful starting point for our discussion is to acknowledge the general role of accounting, which is to help people make informed business decisions All forms of accounting, ... degree of standardisation and the range and quality of information provided Not -for- profit organisations l Not -for- profit organisations also require management ac...

Ngày tải lên: 20/06/2014, 23:20