HOW MANAGERIAL ACCOUNTING ADDS VALUE TO ORGANIZATION 1. INTRODUCTION Management accounting provides accounting and related information to support the management of an organization in its internal decision-making. It includes product costing‚ relevant costing‚ cost-volume-profit analysis‚ capital budgeting‚ and operational‚ tactical‚ and strategic planning. A major activity included in the management accounting is the measurement of costs of processes that create value. Management accounting is
Premium Management accounting Strategic management Management
Value added refers to "extra" feature(s) of an item of interest (product‚ service‚ person etc.) that go beyond the standard expectations and provide something "more" while adding little or nothing to its cost.[citation needed] Value-added features give competitive edges to companies with otherwise more expensive products. | | | | Value-added is used in several ways to indicate an enhancement to a product or an entity. By one definition‚ value-added is the difference between the cost of
Premium Value added
How IT can add value to a company directly and indirectly. Information technology can add value to a company either directly or indirectly. Reducing the cost associated with a given products/services. Cost reduction could happen anywhere within acquisition of raw materials to delivery of final product/services. Cost reduction occurs in different forms‚ it usually occurs when IT allows the same activity or set of activities to be performed more efficiently (Diann‚ n.d.). IT may either reduce
Premium Firm Customer
establish processes and transparency in decision-making‚ to articulate their own value and visions clearly but not impose them. Leadership is about setting and not just reacting to agendas‚ identifying problems‚ and initiating change that makes for substantial improvement rather than managing change.” In the modern workplace‚ a good leader can lead the team to success and vice versa. The importance of a good leader in an organization cannot be doubted. However‚ one of the most challenging issues in the modern
Premium Management
12 Angry Men After watching 12 Angry Men‚ I realized that I also have a few characteristics that some of the cast members struggled with during the movie. Such as juror #3 (son problems). As I was watching the film I noticed that juror #3 was bringing his personal issues that involved his son into his decision making. By him doing this it clouded his judgment‚ and he wasn’t able to assess the situation properly. Instead he let his emotions get the best of him. There were curtain things he
Premium Critical thinking Emotion Man
An organization creates value by converting inputs into outputs. It takes several resources such as raw materials‚ machinery‚ information‚ knowledge‚ human resources‚ money and capital as inputs and applies appropriate production and transformation processes at the conversion stage to produce finished goods and services. Consumers purchase these goods and services to satisfy their needs. The environment‚ in which an organization operates‚ affects stages in the value-creation process
Premium Supply chain management terms Output Organizational studies
DOES M&A ACTIVITY ADD VALUE? A LITERATURE REVIEW AND CASE STUDY Abstract In this paper we explore the motivations for corporate acquisitions and critically evaluate whether acquisitions add to shareholder wealth – both from an acquirer and target perspective. We find that the time period over which shareholder wealth is measured‚ the payment form and the nature of the bid all have an effect on the findings. A case study of the ABN AMRO acquisition by RBS is examined to validate the findings from
Premium Mergers and acquisitions Corporate finance Stock
"How Can I Help My Friends Realize Their Value?" Word Count: 735 How can I help my friends realize their value? This question leads a person down a journey of self discovery. For me personally‚ I feel that one must realize their own value as a person in order to help others realize theirs. Often‚ we sell ourselves short and do not realize our own potential and how our actions and efforts affect and inspire others to be better. Friends have so many enduring qualities. They are loyal companions
Premium Interpersonal relationship Friendship Virtue
Quick Start: Add a chart to your document In Microsoft Word 2010‚ you can insert many kinds of data charts and graphs‚ such as column charts‚ line graphs‚ pie charts‚ bar charts‚ area graphs‚ scatter graphs‚ stock charts‚ surface charts‚ doughnut charts‚ bubble graphs‚ and radar graphs. NOTES Don’t see the chart that you want in this article? For more information about the variety of graphs and charts you can use‚ see Available chart types. Want to create an organization chart? For more
Premium Microsoft Office Chart Microsoft Word
goes to the organizations that most effectively discover and manage their human resources. Though organizations widely recognize the need to attract‚ manage and develop people‚ today HR professionals must strive to do much more. They must enable their organization to build global HR networks in order to expand and prosper in the international arena. They must also develop human resources that continually build competitive advantage in an ever-changing environment. And‚ they must add value to their
Premium Human resource management Human resources