ch01 ppt Hansen6e

ch01 ppt Hansen6e - COST MANAGEMENT Accounting &...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
COST MANAGEMENT 1 Hansen▪Mowen▪Guan Chapter 1 Introduction to Cost Management
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Study Objectives 1. Describe a cost management system, its objectives, and its major systems. 2. Identify the current factors affecting cost management. 3. Describe how management accountants function within an organization 4. Understand the importance of ethical behavior for management accountants. 5. Identify the three forms of certification available to internal accountants
Background image of page 2
3 Accounting Information System
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 Accounting Information System Financial accounting system follows established rules and conventions to provide information (financial statements) to external users such as investors, government agencies, and banks. Cost management system identifies, collects, measures, classifies, and reports information that is useful to managers in costing (determining what something costs), planning, controlling,
Background image of page 4
5 Subsystems of the Accounting Information System
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
6 Cost Management System Cost accounting system assigns costs to individual products and services and other cost objects as specified by management; satisfies financial reporting and management decision-making needs Operational control system provides accurate and timely feedback concerning performance; concerned with what activities should be performed and assessing those activities.
Background image of page 6
Factors Affecting Cost Management Global Competition Vastly improved transportation and communication systems have led to a global market for many manufacturing and service firms. The new competitive environment has
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 24

ch01 ppt Hansen6e - COST MANAGEMENT Accounting &...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online