11 role of management accounng to identify collect

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Unformatted text preview: s reports to adjust marketing strategies •  Using product cost reports to adjust raw material usage Controlling • Evaluating results of operations against plans and making adjustments as needed • Examples: •  Comparing budgeted sales with actual sales to take corrective actions •  Comparing budgeted product costs against actual product costs to take corrective actions A BUDGET may also be used as a control tool. 11 Role of Management Accoun&ng To identify, collect, measure, analyze, and disseminate/report information to managers to aid them making decisions while they plan, direct, and control operations. Quick Check ü༏ Planning includes all of the following EXCEPT A) identifying the problem and uncertainties. B) obtaining information. C) providing feedback to help with future decision making. D) making predictions about the future. Management Accoun&ng and Value —༉  Value chain is the sequence of business functions in which customer usefulness is added to products or services. —༉  The Value chain consists of: 1.  2.  3.  4.  5.  6.  Research & development Design Produc...
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This document was uploaded on 02/16/2014 for the course ACC 311 at Cal Poly Pomona.

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