Documentos de Académico
Documentos de Profesional
Documentos de Cultura
FIFTEENTH EDITION
Chapter 1
Management Financial
Accounting Accounting
External Users
Internal managers
Investors:
Stockholders
Decisions:
Day-to-day operating Creditors:
Long-range strategic Suppliers
Bankers
Government Authorities
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Decision Making
Scorekeeping:
Evaluate Attention Directing:
Organizational Compare Actual
Performance Results to Expected
Problem Solving:
Assess Possible
Courses of Action
Financial
Statements
Weigh estimated
costs against Managers must use accounting
probable benefits. reports, or the reports
create no benefits.
Planning: Control:
Setting objectives Implementing plans
and outlining how and using feedback to
the objectives evaluate the attainment
will be obtained. of objectives.
Increase Customer
surveys
Profitability
Competitor
Accounting analysis
System
plans and actions
Advertising
Control impact
– Actions Performance
– Evaluations Reports New items
report
Performance reports:
compare actual results with budgeted amounts
provide feedback by comparing results with plans
highlight variances
Research
and Product
Development And
Service Service
Process
Design
Customer
Focus
Distribution Production
Marketing
Collects Prepares
and compiles standardized
information reports
Internal
Consultant
Management
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Organizational Authority and
Responsibility
Line managers:
directly involved with Staff managers: Advisory –
making and selling Support line managers.
products or services.
Provision of capital
Planning for control
Investor relations
Reporting and interpreting
Short-term financing
Evaluating and consulting
Banking and custody
Tax administration
Credits and collections
Government reporting
Investments
Protection of assets
Risk management
Economic appraisal
(insurance)
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Learning Career Opportunities in
Objective 5
Management Accounting
Advances in technology
Advances in technology:
E-commerce
Enterprise resource planning (ERP)
B2C and B2B
Reliability
Trust Integrity