Professional Documents
Culture Documents
McGraw-Hill/Irwin
Learning Objective 1
McGraw-Hill/Irwin
Managerial accounting is the process of Identifying Measuring Analyzing Interpreting Communicating information
Learning Objective 2
McGraw-Hill/Irwin
Acquires Resources
Decision Making
Controlling
Planning
Hires People
Learning Objective 3
McGraw-Hill/Irwin
Learning Objective 4
McGraw-Hill/Irwin
External Users
Learning Objective 5
McGraw-Hill/Irwin
Learning Objective 6
McGraw-Hill/Irwin
Controller
The chief managerial and financial accountant responsibility for: Supervising accounting personnel Preparation of information and reports, managerial and financial Analysis of accounting information Planning and decision making
Treasurer
Responsible for raising capital and safeguarding the organizations assets. Supervises relationships with financial institutions. Work with investors and potential investors. Manages investments. Establishes credit policies. Manages insurance coverage
Internal Auditor
Responsible for reviewing accounting procedures, records, and reports in both the controllers and the treasurers area of responsibility. Expresses an opinion to top management regarding the effectiveness of the organizations accounting system.
Learning Objective 7
McGraw-Hill/Irwin
Managerial Accounting
Change
Information and Communication Technology Just-in-Time Inventory Total Quality Management Continuous Improvement
Learning Objective 8
McGraw-Hill/Irwin
Marketing
Start
Theory of Constraints
A sequential process of identifying and removing constraints in a system.
Restrictions or barriers that impede progress toward an objective
Learning Objective 9
McGraw-Hill/Irwin
Learning Objective 10
McGraw-Hill/Irwin
Professional Ethics
Competence Confidentiality Integrity Credibility
End of Chapter 1