accounting for management

accounting for management，整理了what is MA、role of MA、MA vs FA诗的内容，有兴趣的可以看看哟。

accounting for management

• what is MA
  • be concerned with the the provision and the use of accounting information
  • this information is used by managers of the business to assist them when making decisions to achieve the organization's overall objective
• role of MA
  • managerial process of planning,decision making and control
    • costing
    • planning
    • control
    • decision making
    • performance measurement
  • cost accounting
    • a part of management,provide a bank of data for the MA
    • is the 'gathering of cost information and its attachment to cost objects,budgets and variance analysis
    • .unsuitable for decision making
      • decision making informatiion should be relevant and incorporate uncertainty/risk taking
  • planning levels
    • Anthony's Hieerarchy
      • strategic/corporate planning
        • directors,senior management
        • longer term
        • involves selecting appropriate strategies,so as to prepare a long term plan to attain the objectives
      • tactical/management control
        • middle management
        • short/medium term
        • assure that resources are obtained and used effectively and efficiently in the accomplishment of the organization's objectives
      • operational control
        • junior management
        • short term
        • assure that specific tasks are carried out effectively and efficiently
• MA vs FA
  • FA
    • financial accounting
      • financial accounting systems
        • ensure that the assets and liabilities of a business are properly accounted for
        • provide information about profits and so on to sharehoiders and to other interested parties
  • comparison table
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