Documente Academic
Documente Profesional
Documente Cultură
History, and
Direction of
Management
Accounting
Objectives
Objectives
1. Discuss the need for management accounting
After
After studying
studying this
this
information.
chapter,
chapter, you
you should
should
2. Differentiate between management accounting
be able to:
and financial accounting. to:
be able
3. Provide a brief historical description of
management accounting.
4. Identify the current focus of management
accounting.
Continued
Continued
Objectives
Objectives
5. Describe the role of management accountants in
an organization.
6. Explain the importance of ethical behavior for
managers and management accountants.
7. List three forms of certification available to
management accountants.
The managerial accounting system has three
broad objectives:
1. To provide information for costing
out services, products, and other
objects of interest to
management.
2. To provide information for
planning, controlling, evaluating,
and continuous improvement.
3. To provide information for decision
making.
Management
Management Accounting
Accounting
Information
Information System
System
Collecting Special Reports
Measuring Product Costs
Storing Customer Costs
Analyzing Budgets
Reporting Performance Reports
Economic Managing Personal Communication
Events
Inputs Processes Outputs
Users
Management
Management Process
Process
Management
accounting
focuses on
providing
information for
internal users.
Targeted
Targeted Users
Users
Financial
Financial
accounting
accounting focuses
focuses
on
on provided
provided
information
information for
for
ABC external
external users.
users.
Company
Annual
Report
Management
ManagementAccounting
Accounting Financial
FinancialAccounting
Accounting
For
ForThe
management
The restrictions
restrictionsaccounting,
management imposed
imposed on
accounting, onthe
the
financial
financial
financial
financialaccounting
or
or nonfinancial
accounting tend
tend to
nonfinancial to
produce
information
produce
informationobjective
may
may be
objective and
be much
and verifiable
much more
verifiable
more
financial
subjective
financial
subjectiveinformation.
in
in nature.
information.
nature.
Management
ManagementAccounting
Accounting Financial
FinancialAccounting
Accounting
Management
accounting strongly
emphasizes providing
information about
future events.
Time
Time Orientation
Orientation
Financial
accounting records
and reports events
that have already
happened.
Management
ManagementAccounting
Accounting Financial
FinancialAccounting
Accounting
Financial
accounting focuses
on overall firm
performance.
Management
ManagementAccounting
Accounting Financial
FinancialAccounting
Accounting
Production Financial
Vice President Vice President
Production
Supervisor Controller Treasurer
The
The End
End