TAILIEUCHUNG - Management accounting: Information for creating and managing value (4/e): Chapter 19 - Kim Langfield-Smith, Helen Thorne

Chapter 19 - Information for tactical decisions. This chapter presents the following content: The management accountant’s role in decision making, tactical versus long-term decisions, a model of the decision-making process, determining relevant information,. | Chapter 19 Information for tactical decisions 19- The management accountant’s role in decision making To provide relevant information to managers and teams who make the decisions Types of decisions Accept or reject a special offer Make or buy (or outsource) a product or service Add or delete a product, service or department Joint products: sell or process further 19- Tactical versus long-term decisions Tactical decisions Do not require significant or permanent resource commitments Can be reversed if better opportunities arise Long-term decisions Tend to be more strategic in nature May involve changes in capacity More difficult to reverse and effects may extend over longer time periods 19- A model of the decision-making process Clarify the problem Identify alternative courses of action Collect relevant cost and benefits Compare the cost and benefits of each possible course of action Select a course of action 19- 19- Determining relevant information Relevant information Information (costs, revenues and non-financial information) that differs under competing courses of action Relates to the future Is timely Can be qualitative or quantitative 19- Characteristics of relevant information Different under competing courses of action Opportunity costs may be relevant The potential benefit given up when one alternative is chosen over another Relates to the future Sunk costs are ignored Costs that have already been incurred and are irrelevant to any future decisions Prediction of future costs may be based on past data continued 19- Characteristics of relevant information Timeliness versus accuracy Timely information available in time to be used in the decision-making process As accuracy increases, timeliness may decrease Quantitative or qualitative Quantitative information can be expressed in numeric terms, such as dollars Qualitative information cannot be expressed easily in numerical terms 19- The importance of providing only relevant .

• Ngân hàng - Tín dụng
• Management accounting
• Lecture Management accounting
• Management accounting information
• Managing value
• Tactical decisions
• Information for tactical decisions
• Financial accounting
• Management accountants
• Business environment
• Bài giảng Kế toán quản trị
• Nature of management accounting
• Component of accounting system
• Managerial accounting
• Management accounting systems
• Costing systems
• Environmental management accounting
• Cst accounting in action
• Management cost accounting
• Accounting for management
• Cost accounting in action
• Advanced fraud
• Managing resources
• Australian organisations
• Emphasis on cost
• Social management accounting
• Corporate social responsibility
• Paper F2
• Revision kit 2016
• Document management accounting
• Management accounting Review
• Implementation of management accounting
• Study text 2016
• Tiếng Anh kinh doanh
• F2 Management Accounting
• ACCA Paper F2
• Paper F2 Management Accounting
• Book ACCA Management Accounting
• Lecture Advanced management accounting
• Bài giảng Kế toán quản trị nâng cao
• Advanced management accounting
• Inflation accounting
• Current purchasing power method
• Current cost accounting method