The Accountant’s Role in the Organization

Август 5, 2022

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The Accountant’s Role in the Organization

Содержание

2. Accounting Disciplines Financial Accounting – focus on external users and GAAP rules Managerial Accounting – focus
3. Some Major Differences between Financial and Managerial Accounting Managerial Financial Purpose Primary Users Focus Rules Time
4. Strategy and Management Accounting Strategy – specifies how an organization matches its own capabilities with the
5. Strategy and Management Accounting Management accounting helps answer questions such as: Who are our most important
6. Management Accounting and Value Creating value is an important part of planning and implementing strategy Value
7. Management Accounting and Value The Value Chain: Research and Development Design Production Marketing Distribution Customer Service
8. Key Success Factors The dimensions of performance that customers expect, and that are key to the
9. Planning and Control Systems Planning selects goals, predicts results, decides how to attain goals, and communicates
10. Management Accounting Roles Problem Solver Scorekeeper Attention Director
11. Management Accounting Guidelines Cost – benefit approach is commonly used: benefits generally must exceed costs as
12. Organizational Structure and the Management Accountant A typical structure might include: CEO CFO Controller – responsible
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Слайд 2

Accounting Disciplines
Financial Accounting – focus on external users and GAAP rules
Managerial

Accounting – focus on internal users and is not necessarily GAAP-driven. Also provides data for financial accounting. This includes:
Cost Accounting
Cost Management

Слайд 3

Some Major Differences between Financial and Managerial Accounting
Managerial
Financial
Purpose
Primary Users
Focus
Rules
Time Span
Help Managers

Make Decisions

Communicate Financial Position

Internal Managers

External Stakeholders

Future Oriented

Past Oriented

Cost-benefit

GAAP

Varies

Annual/Quarter

Слайд 4

Strategy and Management Accounting
Strategy – specifies how an organization matches its

own capabilities with the opportunities in the marketplace to accomplish its objectives
Strategic Cost Management – focuses specifically on the cost dimension within the overall strategy

Слайд 5

Strategy and Management Accounting
Management accounting helps answer questions such as:
Who are

our most important customers?
What substitute products exist?
What is our critical resource?
Will we have enough cash to support our strategy?

Слайд 6

Management Accounting and Value
Creating value is an important part of planning

and implementing strategy
Value is the usefulness a customer gains from a company’s product or service
Value Chain is the sequence of business functions in which customer usefulness is added to products or services

Слайд 7

Management Accounting and Value
The Value Chain:
Research and Development
Design
Production
Marketing
Distribution
Customer Service
Management accounting can

provide information in each of these areas
Analysis can also include the supply chain

Слайд 8

Key Success Factors
The dimensions of performance that customers expect, and that

are key to the success of a company include:
Cost and efficiency
Quality
Time
Innovation

Слайд 9

Planning and Control Systems
Planning selects goals, predicts results, decides how to

attain goals, and communicates this to the organization
Budget – the most important planning tool
Control takes actions that implement the planning decision, decides how to evaluate performance, and provides feedback to the organization

Слайд 10

Management Accounting Roles
Problem Solver
Scorekeeper
Attention Director

Слайд 11

Management Accounting Guidelines
Cost – benefit approach is commonly used: benefits generally

must exceed costs as a basic decision rule
Behavioral and Technical Considerations – people are involved in decisions, not just dollars and cents
Different definitions of cost may be used for different applications

Слайд 12

Organizational Structure and the Management Accountant
A typical structure might include:
CEO
CFO
Controller –

responsible for managerial and financial accounting
Treasury
Risk Management
Taxation
Internal Audit

The Accountant’s Role in the Organization

Содержание

Accounting DisciplinesFinancial Accounting – focus on external users and GAAP rulesManagerial

Some Major Differences between Financial and Managerial AccountingManagerialFinancialPurposePrimary UsersFocusRulesTime SpanHelp Managers

Strategy and Management AccountingStrategy – specifies how an organization matches its

Strategy and Management AccountingManagement accounting helps answer questions such as:Who are

Management Accounting and ValueCreating value is an important part of planning

Management Accounting and ValueThe Value Chain:Research and DevelopmentDesignProductionMarketingDistributionCustomer ServiceManagement accounting can

Key Success FactorsThe dimensions of performance that customers expect, and that

Planning and Control SystemsPlanning selects goals, predicts results, decides how to

Management Accounting RolesProblem SolverScorekeeperAttention Director

Management Accounting GuidelinesCost – benefit approach is commonly used: benefits generally

Organizational Structure and the Management AccountantA typical structure might include:CEOCFOController –

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