{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

MGMT+30B+13E+chap001

MGMT+30B+13E+chap001 - Managerial Accounting and the...

Info icon This preview shows pages 1–13. Sign up to view the full content.

View Full Document Right Arrow Icon
McGraw-Hill/Irwin Slide 1 Managerial Accounting and the Business Environment Chapter 1
Image of page 1

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

View Full Document Right Arrow Icon
McGraw-Hill/Irwin Slide 2 Chapter 1 divided into nine sections: (1)globalization, (2) strategy, (3) organizational structure, (4) process management, (5) the importance of ethics in business, (6) corporate governance, (7) enterprise risk management, (8) corporate social responsibility, and (9) the Certified Mgmt Accountant.
Image of page 2
McGraw-Hill/Irwin Slide 3
Image of page 3

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

View Full Document Right Arrow Icon
McGraw-Hill/Irwin Slide 4
Image of page 4
McGraw-Hill/Irwin Slide 5 Internet Usage The Internet fuels globalization by providing companies with greater access to geographically dispersed customers, employees, and suppliers. As of 2008, more than 78% of the world's population was still not connected to the Internet.
Image of page 5

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

View Full Document Right Arrow Icon
McGraw-Hill/Irwin Slide 6 Strategy A strategy is a “game plan” that enables a company to attract customers by distinguishing itself from competitors. The focal point of a company’s strategy should be its target customers.
Image of page 6
McGraw-Hill/Irwin Slide 7 Customer Value Propositions Understand and respond to individual customer needs . Customer Intimacy Strategy Operational Excellence Strategy Deliver products and services faster, more conveniently, and at lower prices. Product Leadership Strategy Offer higher quality products.
Image of page 7

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

View Full Document Right Arrow Icon
McGraw-Hill/Irwin Slide 8 Learning Objective 1 Understand the role of  Understand the role of  management accountants  management accountants  in an organization. in an organization.
Image of page 8
McGraw-Hill/Irwin Slide 9 C o r p o r a t e O r g a n i z a t i o n C h a r t P u r c h a s i n g P e r s o n n e l V i c e P r e s i d e n t O p e r a t i o n s T r e a s u r e r C o n t r o l l e r C h i e f F i n a n c i a l O f f i c e r P r e s i d e n t B o a r d o f D i r e c t o r s Organizational Structure Decentralization is the delegation of decision- Decentralization is the delegation of decision- making authority throughout an organization. making authority throughout an organization.
Image of page 9

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

View Full Document Right Arrow Icon
McGraw-Hill/Irwin Slide 10 Line and Staff Relationships Line positions are directly related to achievement of the basic objectives of an organization. Example: Production supervisors in a manufacturing plant. Staff positions support and assist line positions. Example: Cost accountants in the manufacturing plant.
Image of page 10
McGraw-Hill/Irwin Slide 11 The Chief Financial Officer (CFO) A member of the top management team responsible for: Providing timely and relevant data to support planning and control activities. Preparing financial statements for external users.
Image of page 11

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

View Full Document Right Arrow Icon
McGraw-Hill/Irwin Slide 12 Learning Objective 2 Understand the basic  Understand the basic  concepts underlying Lean  concepts underlying Lean  Production, the Theory of  Production, the Theory of  Constraints, and Six  Constraints, and Six  Sigma.
Image of page 12
Image of page 13
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern