Issues of Managerial Accounting

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INTRODUCTION : Managerial accounting is concerned with providing information to managers – that is , people inside an organization who direct or control it’s operations. Via managerial accounting managers understood that good business results come from dynamic processes , procedures and practices that are well designed and properly implemented and managed. Certified management accountants are qualified to help their fellow managers achieve good business results because they have earned an advanced certification that addresses all important aspects of accounting inside organization. The role management accounts play within organizations supporting decision making , planning , and control. In short , the emphasis in business and the role…show more content…
Committed leadership : Committed leadership refers a leader must be committed with few commitments. What are the real commitments ? They are – * To be self – how much you work on developing yourself as a human being , to be the best leader you can be. * To people – how much you really focus on connecting with those around you in order to work effectively with them. * To organization - how much you are devoted to the intentions and performance of the organization. * To the truth – how much you tell and even invite the truth, even when it is hard in order to keep yourself and the organization in a right course. * To leadership – how much you answer a call to lead and to engage in proven , effective leadership behaviors. Strategic planning : Another current issue of management accounting is strategic planning. It is an organization’s process of defining it’s strategy, or direction and making decision on allocating it’s resources to pursue this strategy. It helps to determine the direction of the company. Process management : Process management is the application of knowledge, skills, tools, techniques and systems to define, measure, control, report, and improve processes with the goal to meet customer requirements profitably. Customer involvement : Customer involvement is another
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