methods of management accounting

... entity using the management accounting innovations mainly is the Board of Directors and Accounting department of Techcombank. (Question 11) 65% 25% 5% 5% No one Board of directors Accounting department Finance ... influence of human relations on management accounting innovations 64 Figure 4.16 The influence of open systems on management accounting innovations 66 Figure 4.17 The influence of rational ... Techcombank  The term of background information about management accounting innovations in Techcombank:  65% of twenty surveyed managers and accountants are aware of management accounting innovations...

Ngày tải lên: 13/03/2014, 14:20

... Comparison and comments A. The context of management accounting 10% A new section, introducing the concept of management accounting, and the role of the management accountant. It considers ... Fundamentals of Management Accounting 2011 syllabus. Section A – The syllabus structure and learning outcomes The C01 syllabus is split into 5 topic areas: A: The context of management accounting ... from some or all of the CIMA Certificate in Business Accounting exams if you have a relevant degree, have completed the AAT Technician stage, or have studied another professional accounting qualification....

Ngày tải lên: 15/03/2014, 16:20

Ngày tải lên: 29/03/2014, 14:20

... Institut. Miller, P. (1998). The margins of accounting. European Accounting Review, 7(4), 605–622. Mouritsen, J. (1996). Five aspects of accounting departments’ work. Management Accounting Research, 7(3), ... culture. Academy of Management Review, 546–558. Scapens, R. W., & Roberts, J. (1993). Accounting and control: a case study of resistance to accounting change. Management Accounting Research, ... Satisfaction with activ- ity based cost management implementation. Journal of Management Accounting Research, 9, 215–235. Macintosh, N. B. (1985). The socal software of accounting information systems....

Ngày tải lên: 08/04/2014, 12:07

... information CHAPTER 1 INTRODUCTION TO MANAGEMENT ACCOUNTING 24 ‘ Management decisions requiring management accounting information Figure 1.9 Management accounting information is required to help ... usefulness of management accounting information Figure 1.7 There are four main qualitative characteristics that influence the usefulness of management accounting information. In addition, however, management ... punctuality of flights l levels of aircraft utilisation l number of flight cancellations l percentage of baggage losses l levels of customer satisfaction l levels of employee satisfaction l percentage of...

Ngày tải lên: 20/06/2014, 23:20

... (number of baskets) (number of baskets) Expected volume of sales 500 500 BEP 250 429 Difference (margin of safety): Number of baskets 250 71 Percentage of estimated volume of sales 50% 14% Margin of ... question of the effect of additional sales of one product or service on sales of another of the business’s pro- ducts or services. There is also the problem of identifying the fixed cost of one ... cost of production and the opportunity cost of lost contributions must be taken into account. Thus, the relevant cost of internal production of each component is: £ Variable cost of production of...

Ngày tải lên: 20/06/2014, 23:20

... product or service. The logic of full costing is that the entire cost of running a particular facility, say an of ce, is part of the cost of the output of that of ce. For example, the rent may ... take account of the fact that overheads are part of the cost of all jobs, we must find some acceptable way of including a share of the total overheads in each job. If a particular means of doing this ... cost of a motor car repair by a garage, both the cost of spare parts used in the repair and the cost of the mechanic’s time would be part of the direct cost of that repair. Collecting elements of...

Ngày tải lên: 20/06/2014, 23:20

... standard profit mark-up of 25 per cent of full cost. Management is concerned by the lack of profit. Full cost for one unit of a product is calculated by charging overheads to each type of product ... be £1,300. It is the policy of the business always to charge the same price for its entire output of a particular model. What is the most profitable level of output of the new machine? Output ... period of 20 or more years. Traditional management accounting, however, tends to be concerned with assessing performance over periods of just one year or less. Real World 5.4 provides some idea of...

Ngày tải lên: 20/06/2014, 23:20

... cost management than in determining product costs. Source: Abdel-Kader, M. and Luther, R., ‘An empirical investigation of the evolution of management accounting practices’, University of Essex ... represent- ative of most of the functional areas of the business – marketing, production, human resources and so on. Often, a budget officer is appointed to carry out the technical tasks of the committee, ... sections of the business. It is crucially important that the activities of the various departments and sections of the business are linked so that the activities of one are complementary to those of...

Ngày tải lên: 20/06/2014, 23:20

... Fuel Miser consists of one of each component. The planned sales for the first seven months of the forthcoming accounting period, by channels of distribution and in terms of Fuel Miser units, ... them under another name. Source: The Chartered Institute of Management Accountants and The Faculty of Finance and Management of the Institute of Chartered Accountants in England and Wales, Better ... some form of borrowing, the consequences could be more profound, such as the loss of profits on business that was not able to be under- taken because of the lack of funds. Non-operating profit variances Variance...

Ngày tải lên: 20/06/2014, 23:20

... however, seem to use one (or more) of these four methods. We are going to assess the effectiveness of each of these methods and we shall see that only one of them (NPV) is a wholly logical approach. ... each of the appraisal methods works. The accounting rate of return (ARR) method takes the average accounting operating profit that the investment will generate and expresses it as a percentage of ... Hopwood, A. G., ‘An empirical study of the role of accounting data in performance evalua- tion’, Empirical Research in Accounting, a supplement to the Journal of Accounting Research, 1972, pp. 156–82. If...

Ngày tải lên: 20/06/2014, 23:20

... out some of the main findings. REAL WORLD 8.10 A survey of US practice A survey of the chief financial officers (CFOs) of 392 US businesses examined the popularity of various methods of investment ... purchase of a fleet of street-cleaning vehicles at a total cost of £540,000. The vehicles have a life of four years and are likely to result in a considerable saving of labour costs. Estimates of ... The software has a life of two years and will then become obsolete. The cost of producing the software was £10,000. The client has agreed to pay a licence fee of £8,000 a year for the software...

Ngày tải lên: 20/06/2014, 23:20

... accounting l Accounting has two main strands – management accounting and financial accounting. l Management accounting seeks to meet the needs of businesses’ managers, and financial accounting seeks ... compulsion for businesses to produce management How useful is management accounting information? CHAPTER 1 INTRODUCTION TO MANAGEMENT ACCOUNTING 16 Main users of accounting information relating to ... punctuality of flights l levels of aircraft utilisation l number of flight cancellations l percentage of baggage losses l levels of customer satisfaction l levels of employee satisfaction l percentage of...

Ngày tải lên: 21/06/2014, 10:20

... amount of fixed cost, and this stays the same irrespective of the volume of activity. Fixed cost Cost behaviour CHAPTER 3 COST–VOLUME–PROFIT ANALYSIS 56 ‘ Graph of fixed cost against the volume of ... reported a net loss of $151m in the first quarter of this year, compared with a profit of $94m a year ago. Volvo has been hit harder than most other carmakers by the weakening of the dollar because it ... small specialist manufacturer of electronic components. Makers of aircraft, for both civil and military purposes, use much of its output. One of the aircraft makers has offered a contract to JB Limited...

Ngày tải lên: 21/06/2014, 10:20

... standard profit mark-up of 25 per cent of full cost. Management is concerned by the lack of profit. Full cost for one unit of a product is calculated by charging overheads to each type of product ... exploit the economies of scale at higher levels of output, making the marginal cost of each successive unit of output cheaper. Perhaps higher volumes of output enable division of labour or more mechanisation. ... (additional cost of making one more) of each successive unit of output would become greater. This would probably imply that increased activity would be causing a shortage of supply of some factor of production,...

Ngày tải lên: 21/06/2014, 10:20

Ngày tải lên: 21/06/2014, 10:20

Ngày tải lên: 21/06/2014, 10:20

Ngày tải lên: 21/06/2014, 10:20

Ngày tải lên: 21/06/2014, 10:20

Ngày tải lên: 21/06/2014, 10:20