16-2 - GeneralStudyGuidelines o o o...

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General Study Guidelines o Who uses this information? How? Why? o What does this information tell you? What is missing? o How does it relate to other topics? Attack Strategies o Rephrase the question o Write out what you know o Set up the problem (identify information!) o Narrate/explain as you work it o Respond to each answer item Write something down next to each response Chapter 1: Introduction to Managerial Accounting o Managerial vs. Financial Accounting Managerial – Future, Summary -> detailed, Internal Financial – Historical, Summary, External o Planning, Controlling, Decision making Planning – Inventory, staffing, future sales, etc. Controlling – Monitoring, checking for problems, comparing actual results  to plan Decision making – Pricing, future decisions o Value chain, Cross-functional teams, Strategic positioning production all the way to post-sale
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Cross-functional teams – teams with members from different departments
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This note was uploaded on 04/18/2011 for the course BUS 203 taught by Professor Keenan during the Winter '09 term at Indiana.

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16-2 - GeneralStudyGuidelines o o o...

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