TAILIEUCHUNG - Lecture Cost management: Measuring, monitoring, and motivating performance (3rd edition) – Chapter 1

Chapter 1 - The role of accounting information in ethical management decision making. Learning objectives of this chapter include: Describe the process of strategic management and decision making, identify the types of control systems that managers use, explain the role of accounting information in strategic management, | CHAPTER 1: The Role of Accounting Information in Ethical Management Decision Making LO1 Describe the process of strategic management and decision making LO2 Identify the types of control systems that managers use LO3 Explain the role of accounting information in strategic management LO4 Explain the information systems and information that is relevant for decision making LO5 Describe how business risk affects management decision making LO6 Appreciate how biases affect management decision making LO7 Determine how managers make higher quality decisions LO8 Explain the importance of ethical decision making LO1 Describe the process of strategic management and decision making Management Decision Making Organizational Vision Core purpose and ideology Create value for stakeholders: Owners (for-profit) Donors (not-for-profit) Constituents (government) Employees Customers/clients Suppliers Others Core Competencies Strengths Relative to Competitors: Productivity Skills Knowledge Technologies Physical resources Customer/supplier relationships Reputation Legal rights Organizational Strategies Long term goals Organizational structure Financial structure Long term allocation Investments/divestments Nature of operations Products or services and markets Operating Plans Specific performance objectives Short-term financing Short-term resource allocation Production of goods/services Inbound and outbound logistics Marketing and sales Service Technology Human Resources Cash Flows Actual Operations Actual operations are the various actions taken and results achieved over a period of time customer orders received revenues earned number of employees hired costs incurred units of goods or services produced cash received and paid Measuring, Monitoring & Motivating Performance The Role of Management Control Systems and Management Accounting in Strategy LO2 Identify the types of control systems that managers use Levels of Control Belief Systems Belief systems inspire and direct employees .

• Quản trị kinh doanh
• Cost management
• Quản lý chi phí
• Lecture Cost management
• Strategic management
• Decision making
• Management control systems
• Cost accounting
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Cost systems
• Strategic performance measurement
• Cost management information
• Financial reporting
• Operational performance measurement
• 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