Professional Documents
Culture Documents
on
Management Accounting
➢ Internal managers
➢ External parties
➢ Investors
➢ Government authorities
Why We uses Management
Accounting Information
➢use information for short-term planning
and controlling routine
operations.
•Increase
of Plans and Actions
Competitor
Financial analysis
Productivity
Accounting Advertising
System impact
New items
Controlling report
•Actions Performance
•Evaluations Reports
Role of Budgets
➢ U =Unfavorable
Product Life Cycle
Product
Developmen Introduction
t to Market
Mature Product
Market Phase-out
Discuss the role
accountants
play in the company’s
value chain functions.
How MGT Accountingplay
in the company’s value
chain functions.
Research and
Developmen Design Production
t
Customer
Marketing Distribution
Service
Value Chain Functions
1-Research and development:-
is the generation of, and
experimentation with, ideas related to new
products, services, or processes.
2-Design:-
is the detail and engineering of products.
3-Production:-
is the coordination and assembly of resources
to
produce a product or deliver a service.
Value Chain Functions
4-Marketing:-
is the manner by which individuals
or groups
learn about the value and feature
of products or services.
5-Distribution:-
is the mechanism by which
products or services are
delivered to the customer.
Value Chain Functions
5-Customer service:-
is the support activities provided
to the customer.
Contrast the functions of
controllers and treasurers.
Authority and
Responsibility
Line authority-
is granted to managers who
supervise subordinates and
are accountable for assets and
operations.
Staff authority-
is the authority to advise and
support management
personnel.
Organization Chart
Controller
General Internal
Taxes
Accounting Audit
Functions of the Controller
➢ Tax administration
➢ Government reporting
➢ Protection of assets
➢ Economic appraisal
Functions of the Treasurer
➢ Provision of capital
➢ Investor relations
➢ Short-term financing
➢ Investments
➢Advances in technology
Just-in-Time (JIT)
Confidential
Competence
ity
Integrity Objectivity
Understand how
managerial
accounting is used in
companies.
Vital Role of
Accounting Information
➢ Management accounting plays a vital
role in the achievement of company
goals and objectives.