Management 2019 2020 ACCOUNTING Management Accounting 13910850634 zzr

Management 2019 -2020学年第一学期 ACCOUNTING Management Accounting 关注会计信息的管理价值 张自然 13910850634 zzr 197272@163. com

Textbook （第 15版) Management ACCOUNTING （第 16版)

Management ACCOUNTING

Reference Book Management ACCOUNTING

Reference Book Management ACCOUNTING

Assessment --Attendance and Assignments --Group-based Oral presentation --Final Exam Management ACCOUNTING 20% 60%

1 Course purpose Management ACCOUNTING • The purpose of management accounting is to provide managers with the information they need to conduct the affairs of organizations. • 《管理会计基本指引》：管理会计的目标是通过 运用管理会计 具方法，参与单位规划、决策、 控制、评价活动并为之提供有用信息，推动单位 实现战略规划。

Brief Contents(MA) Management Managerial Accounting: An Overview CH 01 Cost Concepts Basic CH 02 Variable Costing CH 03 Cost-Volume-Profit Relationships Decision Making CH 04 Decision Making Planning Controlling New CH 05 Master Budgeting CH 06 Flexible Budget CH 07 Standard Costs and Variances CH 08 Performance Measurement in Decentralized Organizations CH 09 Activity–Based Costing CH 10 Quality Costs ACCOUNTING

2 Management Accounting Management ACCOUNTING Ø What is management Accounting ? Ø The Role of Management Accountant

What’s Management Accounting? Management ACCOUNTING An integral part of management concerned with identifying, presenting and interpreting information used for: – Formulating strategy; – Planning and controlling activities; – Decision making; – Disclosure to shareholders and others external to the entity; – Optimizing the use of resources, etc. -- The Chartered Institute of Management Accountants (CIMA)

Key roles of a management accountant Management ACCOUNTING • Costing • Decision-making • What to produce/how should we finance it etc • Planning • Assessment of business requirements/budgeting • Control • Assessing inefficiencies, Performance Evaluation • Comparison to targets

Ø FA: Financial Accounting-information Ø MA: Management Accounting-value Ø FM: Financial Management-cash Ø CM: Cost Accounting

Management ACCOUNTING Managerial Accounting: It’s More Than Just Crunching Numbers “Creating value through values” is the credo of today’s management accountant. It means that management accountants should use their skills to influence decisions that create value. These skills include managing risks and implementing strategy through planning, budgeting and forecasting, and decision support. ■ Source: Conversation with Jeff Thomson, president and CEO of the Institute of Management Accountants.

Comparison Management ACCOUNTING

Management ACCOUNTING Six Business Management Perspectives that go beyond the numbers to enable intelligent planning, control, and decision making: • An Ethics Perspective: • A Strategic Management Perspective • An Enterprise Risk Management Perspective • A Corporate Social Responsibility Respective • A Process Management Prospective • A Leadership Perspective

An Ethics Perspective • • 业务技能(Competence) 保密责任(Confidentiality) 廉正(Integrity) 客观性（Objectivity） Management ACCOUNTING

An Ethics Perspective Management ACCOUNTING 沃特金斯（Sherron Watkins） 美国安然企业发展副总裁 库珀（Cynthia Cooper） 美国世通公司内部审计部副总裁

A Strategic Management Perspective. Management ACCOUNTING A strategy is a “game plan” that enables a company to attract customers by distinguishing itself from competitors. Do right things!

Management An Enterprise Risk Management Perspective ACCOUNTING A process used by a company to proactively identify and manage risk. Should I try to avoid the risk, accept the risk, or reduce the risk? Once a company identifies its risks, perhaps the most common risk management tactic is to reduce risks by implementing specific controls.

Management A Corporate Social Responsibility Perspective ACCOUNTING Corporate social responsibility (CSR) is a concept whereby organizations consider the needs of all stakeholders when making decisions. Customers Employees Suppliers Communities Stockholders Environmental & Human Rights Advocates

A Process Management Perspective Management ACCOUNTING A business process is a series of steps that are followed in order to carry out some task in a business. R&D Product Design Customer Manufacturing Marketing Distribution Service Business functions making up the value chain

A Leadership Perspective Management Organizational leaders unite the behavior of employees around two common themes— pursuing strategic goals and making optimal decisions. ACCOUNTING

——Mini-MBA

Summary Management ACCOUNTING • Understand the value of MA • Comparison of Financial and Managerial Accounting • An Ethics Perspective

Management ACCOUNTING 1. Management accounting ____. A. provides information about the company as a whole B. provides information that is generally available only on a annual basis C. reports information that has occurred in the past that is verifiable and reliable D. focuses on estimating future revenues, costs, and other measures to forecast activities and their results

Management ACCOUNTING 2. The primary user of management accounting information is a(n) ____. A. the controller B. a shareholder evaluating a stock investment C. creditors D. external regulator

Management ACCOUNTING

Management ACCOUNTING Next Lecture… Chapter 1 Cost Concepts