Ch 1 ADM2341A Intro - Ch.1 Introduction: Management...

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1 Ch. 1 – Intro. Managerial Accounting ADM 2341 Ch.1 Introduction: Management Accounting Management accounting: information to make decisions or to influence behaviour Primary focus is on users within an organization Strategic Planning: Management Control: Focus on organization’s objectives Effectiveness and efficiency of resource use Framework for Management Accounting
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2 Ch. 1 – Intro. Managerial Accounting ADM 2341 Planning and Controlling • Planning involves setting objectives and the means to their attainment • Controlling involves the implementation of plans(actions) and the use of feedback to monitor achievements (evaluation) Planning Action Evaluation
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Ch. 1 – Intro. Managerial Accounting ADM 2341 Product Life Cycle • The focus of management accounting control methods vary as the product passes through its product life cycle • There are no mature industries? Only mature products? IBM? Product
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Ch 1 ADM2341A Intro - Ch.1 Introduction: Management...

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