TAILIEUCHUNG - Lecture Cost management: A strategic emphasis (6/e): Chapter 1 – Blocher, Stout, Juras, Cokins

After studying this chapter you should be able to: Explain the use of cost management information for each of the four functions of management and in different types of organizations, with emphasis on the strategic management function; explain the contemporary business environment and how it has influenced cost management; explain contemporary management techniques and how they are used in cost management to respond to the contemporary environment. | Cost Management and Strategy Chapter One 1-2 Explain the use of cost management information for each of the four functions of management and in different types of organizations, with emphasis on the strategic management function Explain the contemporary business environment and how it has influenced cost management Explain contemporary management techniques and how they are used in cost management to respond to the contemporary environment Learning Objectives 1-3 Learning Objectives (continued) Explain different competitive strategies that companies can pursue Describe the professional environment of the management accountant, including professional organizations and professional certifications Understand the principles and rules of professional ethics and explain how to apply them IMA’s New Definition of Management Accounting: a Focus on Strategy Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy. 1-4 1-5 Success comes from developing and implementing an effective strategy aided by management accounting methods Clear mission statement Strategy is a roadmap to achieve a company’s mission Management accountants can help a company be successful Key to success is having decision-relevant information Introduction to Strategy 1-6 Cost Management Information Serves all management functions Information a manager needs to manage effectively Financial and nonfinancial - Financial information alone shows a short-term focus Developed under the direction of the controller for the Chief Financial Officer (CFO) of the organization 1-7 Typical Organization Chart Chief Financial Officer (CFO) Chief Executive Officer (CEO) Vice President for Marketing Vice President for Operations Controller Treasurer Chief Information Officer (CIO) Cost .

• Quản trị kinh doanh
• Cost management
• Cost systems
• Operational performance measurement
• Strategic performance measurement
• Cost management information
• Financial reporting
• Management control systems
• Cost accounting
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Lecture Cost management
• Resource capacity management
• Indirect cost variances
• Cost allocation
• Cost allocation bases
• Cost estimation
• Cost estimation methods
• Ebook Management and cost accounting
• Management and cost accounting
• Management accounting
• Cost assignment
• Process costing
• Cost volume profit analysis
• Project management
• Lecture Project management in practice
• Project cost management
• Project perspective
• Cost management plan
• Cost versus expenses
• Cost volume profit
• Short term profit planning
• Cost planning
• Product life cycle
• Direct cost variances
• Nonfinancial performance measures
• Cost centers
• Profit centers