Managerial Accounting ACC202
Module 1 SLP Assignment
Managerial Accounting ACC202
Ryan M. Deichert
25 Nov 2013
My Employer Boeing
This paper is going to give description of the company I work for currently. Within this description I will discuss my job within the company and how it affects managerial accounting. Also explained throughout will be how managerial accounting is used as far as planning and controlling. Lastly I will us some comparisons of other companies and the differences with each other’s managerial accounting.
Currently I work for Boeing a company that builds commercial and military aircraft. The company has many different customers from all over the world wanting top of the line aircraft to meet there needs. Those needs can be anything from the top of the line comfort in air travel or the most advanced military aircraft to meet strategic commands. With that being said the company’s managerial accounting has to be on point to make profit as well as make the customer happy.
My job at Boeing South Carolina is to build the engines and install them on the new 787 Dreamliner commercial aircraft. At my level in the organizations managerial accounting is used in every day practices. Calculations on cost of shipping, assembly, and install of the engines help plan decisions made to save money. Other words managers have to account for trends from past builds to plan for future costs. No exact number can be put on the cost of assembling the engines but using the managerial accounting method gives the company a close estimate.
Another aspect that managers have to keep in mind at any company especially Boeing is the cost of the attendance of their workforce. Managers have to keep into account when hiring that who they hire plays a significant role on the cost of these builds as well. If I decided not to go to work on time or continue to be absent than less work gets done on the engines preventing the assembly from
Managerial Accounting ACC202
Ryan M. Deichert
25 Nov 2013
My Employer Boeing
This paper is going to give description of the company I work for currently. Within this description I will discuss my job within the company and how it affects managerial accounting. Also explained throughout will be how managerial accounting is used as far as planning and controlling. Lastly I will us some comparisons of other companies and the differences with each other’s managerial accounting.
Currently I work for Boeing a company that builds commercial and military aircraft. The company has many different customers from all over the world wanting top of the line aircraft to meet there needs. Those needs can be anything from the top of the line comfort in air travel or the most advanced military aircraft to meet strategic commands. With that being said the company’s managerial accounting has to be on point to make profit as well as make the customer happy.
My job at Boeing South Carolina is to build the engines and install them on the new 787 Dreamliner commercial aircraft. At my level in the organizations managerial accounting is used in every day practices. Calculations on cost of shipping, assembly, and install of the engines help plan decisions made to save money. Other words managers have to account for trends from past builds to plan for future costs. No exact number can be put on the cost of assembling the engines but using the managerial accounting method gives the company a close estimate.
Another aspect that managers have to keep in mind at any company especially Boeing is the cost of the attendance of their workforce. Managers have to keep into account when hiring that who they hire plays a significant role on the cost of these builds as well. If I decided not to go to work on time or continue to be absent than less work gets done on the engines preventing the assembly from