ch01 - 1-1 An electronic presentation by Douglas Cloud...

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Unformatted text preview: 1-1 An electronic presentation by Douglas Cloud Pepperdine University1-2 Task Force Clip Art Task Force Clip Art included in this electronic included in this electronic presentation is used with presentation is used with the permission of New the permission of New Vision Technology of Vision Technology of Nepean Ontario, Canada.Nepean Ontario, Canada.1-3 Introduction: Introduction: The Role, The Role, History, and History, and Direction of Direction of Management Management AccountingAccountingCHAPTERCHAPTER1-4 1.Discuss the need for management accounting information.1.Differentiate between management accounting and financial accounting.1.Provide a brief historical description of management accounting.1.Identify the current focus of management accounting.ObjectivesObjectivesAfter studying this After studying this chapter, you should chapter, you should be able to:be able to:ContinuedContinued1-5 5.Describe the role of management accountants in an organization.6.Explain the importance of ethical behavior for managers and management accountants.7.List three forms of certification available to management accountants.ObjectivesObjectives1-6 1.To provide information for costing out services, products, and other objects of interest to management.2.To provide information for planning, controlling, evaluating, and continuous improvement.3.To provide information for decision making.The managerial accounting system has three broad objectives:1-7 OutputsOutputsProcessesProcessesInputsInputsEconomic EventsCollectingMeasuringStoringAnalyzingReportingManagingSpecial ReportsProduct CostsCustomer CostsBudgetsPerformance ReportsPersonal CommunicationUsersUsersManagement Accounting Information System1-8 The Management Processis defined by the following activities:PlanningControllingDecision MakingPlanningrequires setting objectives and identifying methods to achieve those objectives.Management Process1-9 The Management Processis defined by the following activities:Controlling is the managerial activity of monitoring a plans implementation and taking corrective action as needed.PlanningControllingDecision MakingManagement Process1-10 The Management Processis defined by the following activities:PlanningControllingDecision MakingControl is usually achieved with the use of feedback....
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This note was uploaded on 04/06/2010 for the course ELECTRONIC 328 taught by Professor Han during the Three '04 term at Charles Sturt University.

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ch01 - 1-1 An electronic presentation by Douglas Cloud...

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