TAILIEUCHUNG - Ebook Accounting an introduction (4th edition): Part 2

(BQ) Part 2 book "Accounting an introduction" has contents: Costing and pricing in a competitive environment, budgeting, accounting for control, making capital investment decisions, financing the business, managing working capital. | 7/08/2007 11:44 CHAPTER Page 372 11 Costing and pricing in a competitive environment Introduction n recent years we have seen major changes in the business world, including deregulation, privatisation, the growing expectations of shareholders and the impact of new technology. These have led to a much more fast-changing and competitive environment that has radically altered the way in which businesses are managed. In this chapter, we consider some of the management accounting techniques that have been developed to help businesses maintain their competitiveness in this new era. We begin by considering the impact of this new environment on the full-costing approach that we considered in Chapter 10. We shall see that activity-based costing, which is a development of the traditional full-costing approach, takes a much more enquiring, much less accepting attitude towards overheads. We shall also examine some recent approaches to costing that can help lower costs and, therefore, increase the ability of a business to compete on price. Management accounting embraces both financial and non-financial measures and, in this chapter, we shall consider the increasing importance of non-financial measures in managing a business. These include the Balanced Scorecard approach, which seeks to integrate financial and non-financial measures into a framework for the achievement of business objectives. We shall go on to consider the idea of shareholder value, which has been a ‘hot’ issue among managers in recent years. Many leading businesses now claim that the quest for shareholder value is the driving force behind strategic and operational decisions. In this chapter we consider what the term ‘shareholder value’ means and we shall look at one of the main methods of measuring shareholder value. Lastly, we shall see how, in theory and in practice, a business can use costing information to aid pricing decisions. This will pick up some of the points on relevant cost .

• Kế toán - Kiểm toán
• Financing the business
• Managing working capital
• Accounting for control
• Making capital investment decisions
• Competitive environment
• Accounting an introduction
• Ebook Financing your small business
• Small business
• Business Strategy
• Equity financing
• Corporation equity
• Debt Financing
• Master Thesis in Economics
• Thesis in Economics
• Financing Business
• Business in India
• Commercialization in India
• Financing in India
• Venture capital sources
• Language of capital
• Corporate governance
• Business plan
• Introduction to business
• Business systems
• Environment of business
• Business enterprise
• Business essentials
• Financing small business
• Enterprise information systems
• Lecture Enterprise information systems
• Business process
• REA enterprise ontology
• Financing business process
• Financing cycle resources
• Intermediate accounting
• Business segments
• Interim reports
• Cash flows revisited
• Dynamic business law
• Business law
• Legal environment of business
• Business organizations
• Characteristics of corporations
• Private corporation
• The essentials
• Nonfinancial managers
• Return on investment
• Business planning
• Business planning and the budget
• Selected business readings
• Business ethics
• E commerce environment
• Regulation of business
• Preincorporation contracts
• Financing corporations
• import financing
• export financing
• the basis of bills of exchange
• business payments
• international payments
• recourse payment
• Assurance services
• Financial statement auditing
• Auditing services
• Auditing business processes
• Auditing financing
• Investing process
• Financial analysis
• Financial management
• Lecture Introduction to finance
• Financial markets
• Short term business financing
• Financing working capital
• Audit planning
• Internal control
• Auditing financing process
• Prepaid expenses
• Long term liabilities
• Economics science
• Business science
• Financing mechanism
• Climate change
• Natural resources
• Startup businesses
• New business
• Raise money
• Financing difficulty
• Financing solutions
• Business accounting
• Business accounting and finance
• The nature of costs
• Relevant costs
• Marginal costs
• Variance analysis
• Small Business Financing
• Fundraising Request
• Basic Legal
• Repayment Schedule
• Tax Issues
• Business Loans
• The essentials of finance
• Business profitability
• Final thoughts
• Business finance
• Lecture Business finance
• Capital market
• Financial decisions
• Financing decisions
• Auditing internal control
• Auditing the financing