管理会计1 Managerial Accounting and the Business Environment.pptVIP

Reference Books Ray H. Garrison, Eric W. Noreen, Peter C. Brewer . Managerial Accounting (12th Edition). 东北财经大学出版社：2008 Charles T. Horngren, Gary L. Sundem, William O. Stratton. Introduction to Management Accounting. Prentice 北京大学出版社，培生教育出版集团：2002 潘飞.管理会计.清华大学出版社:2007 刘志远, 王志红, 陆宇建, 周宝源. 管理会计. 北京大学出版社:2007 毛付根等, 管理会计. 高等教育出版社:2004 Chapter 1 Purposes of chapter 1 Definition of Managerial Accounting Identify the major differences between financial and managerial accounting. Understand the role of management accountants in an organization. Understand the basic concepts underlying Lean Production, the Theory of Constraints, and Six Sigma. Understand the importance of upholding ethical standards. Learning Objective 1 Managerial Accounting A field of accounting that provides financial and non-financial information (an information system) for managers and other internal users to make decisions. Information system What is accounting? As a manufacturing company, who need this company’s accounting information? Three functions: Scorekeeping Attention directing Problem solving Work of Management Planning Directing and motivating involves managing day-to-day activities to keep the organization running smoothly. Employee work assignments. Routine problem solving. Conflict resolution. Effective communications. Controlling Planning and Control Cycle Learning Objective 2 Financial Accounting Field of accounting that treats money as a means of measuring economic performance. It encompasses the entire system of monitoring and control of money as it flows in and out of the firm as assets and liabilities, and revenues and expenses. Financial accounting gathers and summarizes financial data to prepare financial reports such as balance sheet and income statement for the firms management, investors, lenders, suppliers, tax authorities, and other stakeholders. Comparison of Financial and Managerial Accounting Learning Objective 3 Organizational Structure Line and Staff R