elevance of Managerial Concepts in the Banking Industry by Zabihollah Rezaee Ph.D.‚ CPA‚ CMA‚ INTRODUCTION In the past‚ bank accountants paid little or no attention to the use of managerial accounting concepts in the banking industry. Viewing managerial accounting from the perspective of the banking industry provides a unique opportunity to explore the development of the internal reporting structure. While the use of internal cost and profitabiHty reports is widespread in merchandising‚ manufacturing
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THE NATURE OF MANAGEMENT ACCOUNTING [SUMMARY] What is Management Accounting? Management Accounting is the process within an organization that provides information used by an organization’s managers in planning‚ implementing and controlling the organization’s activities. Management Accounting as One Type of Information Information is a fact‚ datum‚ observation‚ perception or nay other thing that adds to knowledge. • An organization’s day-to day activities requires a considerable amount of operating
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Meaning of Cost Accounting Previously‚ cost accounting was considered to be a technique for the ascertainment of costs of products or services on the basis of historical data. In time‚ due to the competitive nature of the market‚ it was realized that ascertaining of cost is not as important as controlling costs. Cost accounting started to be considered more as a technique for cost control as compared to cost ascertainment. Due to the technological developments in all fields‚ cost reduction has
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economic interdependence‚ companies have been forced to produce high-quality products and services‚ and provide outstanding customer services at the lowest cost (Trairatvorakul‚ 2011). To operate successfully‚ managers need information from management accounting which provides timely and relevant information for planning‚ controlling‚ decision making‚ and evaluating performance (Horngen‚ Datar‚ & Rajan‚ 2012). The more the international competition increases‚ the more managers need cost management information
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ACCT116 Management Accounting Spring Semester 2012/13 Course Instructor Dr Emad AWADALLAH Library Building Basement Room B161 Email: emad.awadallah@qu.edu.qa Contact Details O Course Instructor: Dr Emad AWADALLAH My Office room: Library Building‚ Basement‚ Room B161 Office Hours: Sunday Female 9:30-10:30 am Office Hours: Thursday Male 9:30-10:30 am E-mail: emad.awadallah@qu.edu.qa Core Text Book By Garrison‚ Noreen and Brewer‚ 14th edition‚ 2011. Assessment Grading First Exam Second
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Table of Content * INTRODUCTION...................................................................08 1.0 INFORMATION SYSTEM (IS)………………………………......08 2.0 ACCOUNTING INFORMATION SYSTEM (AIS)…..................08 3. O History OF AIS……………………………………………………‚.08 4.1 TYPES OF AIS…………………………………………………......09 4.1 MANUAL SYSTEM…………………………………………………….. 09 4.2 LEGACY SYSTEM……………………………………………………....09 4.3 REPLACEMENT OF LAGACY…………………………….……..……10 5.0 COMPONENTS OF AIS…………………………………………..10 5.1 PEOPLE………………………………………………………………
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research project which will design to investigate business usage of acomputerized accounting system (CAS) to ascertain if there are obstacles that prevent businessesfrom migrating to such a system. Two groups of businesses will be surveyed. Those that currentlyuse a CAS and those that do not. The purpose of this comparison is to determine what will the major influences in their decision to use or not use accounting software for their business. A secondaryobjective was to learn more about the influence
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(a) Briefly explain what prompted some countries over the world to strongly advocate harmonization of accounting. The important reasons which necessitate harmonization of accounting practices are well contained in the observation made by Saudagaran. “While the initial efforts at harmonization were mainly championed by political bodies and professional accounting organizations‚ current pressures to harmonize are driven by investor groups who use financial statements‚ multinational companies which
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of Management Accounting Learning Objective: Define and explain the distinguishing features of management accounting. Explain the concept of cost accounting and cost object Differentiate between data and information List the type of information needed * last page Identify and explain the elements of useful information Explain the concept of financial (and non-financial) information and its limitations Differentiate between management accounting and financial accounting. List the broad
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a) COST ACCOUNTING Cost accounting system is the part of management accounting that makes budget‚ actual cost of operations‚ analysis of variance and profitability of social use of funds. Cost accounting helps the manager in decision making regarding the reduction of the cost of the company and in improving the profitability. Cost accounting system is primarily used for internal managers therefore it does not need to follow the standards of GAAP. Cost accounting is also considered very important
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