TAILIEUCHUNG - Lecture Fundamental accounting principles - Chapter 24: Performance measurement and responsibility accounting

Lecture Fundamental accounting principles - Chapter 24: Performance measurement and responsibility accounting. After completing this chapter you should be able to: Distinguish between direct and indirect expenses and identify bases for allocating indirect expenses to departments, analyze investment centers using return on assets and residual income, analyze investment centers using profit margin and investment turnover,. | Performance Measurement and Responsibility Accounting Chapter 24 PowerPoint Editor: Anna Boulware Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Chapter 24: Performance Measurement and Responsibility Accounting By Geography By Product line Common ways to decentralize organizations Decentralization 2 Companies are divided into smaller units, called divisions, segments, departments, or subunits, when they become too large to be managed effectively as a single unit. In these decentralized organizations, decisions are made by managers throughout the company rather than by a few top executives. Common ways to decentralize organizations are by geography or product line (also called brand). In this section we discuss the motivation for and the advantages and disadvantages of decentralization. In later sections of this PowerPoint presentation, we will look at performance measurement in decentralized organizations. Providing lower-level managers with decision-making authority offers several advantages. Advantages of Decentralization Timely access to information Enables top-level managers to focus on long-term strategy 3 Good training for employees Boosts employee morale and retention Many companies are so large and complex that they are broken into separate divisions for efficiency and/or effectiveness purposes. Providing lower-level managers with decision-making authority offers several advantages: Lower-level managers have timely access to detailed information about their departments. Providing lower-level managers with authority to make day-to-day decisions for their departments enables top-level managers to focus more on long-term strategy for the entire organization. Managing a division can be good training for employees who later might be promoted to top-level management. Having decision-making authority often boosts employee morale and retention. .

• Kế toán - Kiểm toán
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Performance measurement
• Responsibility accounting
• Indirect expenses
• Direct expenses
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Accounting information
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting