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Managerial Accounting and The Business Environment: Presentation Topic

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This document provides an overview of the presentation topic "Managerial Accounting and the Business Environment" by Rasel Bhuyan. It defines managerial accounting and discusses the need for managerial accounting information for planning, directing, motivating and controlling. It also compares financial and managerial accounting and covers various business and process management topics like the value chain, theory of constraints, Six Sigma, e-commerce, and enterprise systems. The conclusion emphasizes that managerial accounting prepares reports to evaluate performance against plans and benchmarks.

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Managerial Accounting and The Business Environment: Presentation Topic

Uploaded by

Sahriar Emon
45 views9 pages
This document provides an overview of the presentation topic "Managerial Accounting and the Business Environment" by Rasel Bhuyan. It defines managerial accounting and discusses the need for managerial accounting information for planning, directing, motivating and controlling. It also compares financial and managerial accounting and covers various business and process management topics like the value chain, theory of constraints, Six Sigma, e-commerce, and enterprise systems. The conclusion emphasizes that managerial accounting prepares reports to evaluate performance against plans and benchmarks.

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This document provides an overview of the presentation topic "Managerial Accounting and the Business Environment" by Rasel Bhuyan. It defines managerial accounting and discusses the need for managerial accounting information for planning, directing, motivating and controlling. It also compares financial and managerial accounting and covers various business and process management topics like the value chain, theory of constraints, Six Sigma, e-commerce, and enterprise systems. The conclusion emphasizes that managerial accounting prepares reports to evaluate performance against plans and benchmarks.

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© All Rights Reserved
Download as PPTX, PDF, TXT or read online from Scribd
Download as pptx, pdf, or txt
45 views9 pages

Managerial Accounting and The Business Environment: Presentation Topic

Uploaded by

Sahriar Emon
This document provides an overview of the presentation topic "Managerial Accounting and the Business Environment" by Rasel Bhuyan. It defines managerial accounting and discusses the need for managerial accounting information for planning, directing, motivating and controlling. It also compares financial and managerial accounting and covers various business and process management topics like the value chain, theory of constraints, Six Sigma, e-commerce, and enterprise systems. The conclusion emphasizes that managerial accounting prepares reports to evaluate performance against plans and benchmarks.

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Presentation Topic

Managerial Accounting and the Business Environment

Presented By

Rasel Bhuyan
ID: 160201010022
Managerial Accounting

Managerial accounting is the practice of identifying, measuring,


analyzing, interpreting, and communicating financial information to
managers for the pursuit of an organization's goals.
Need For Managerial Accounting
Information

Planning Directing And


Planning involves Controlling
Motivating It involves ensuring
establishing a basic It involves that the plan is actually
strategy, selecting a
mobilizing people carried out and is
course of action and
to carry out plans appropriately modified
specifying how the as circumstances
action will be and run routine
change.
implemented operations.
Comparison of Financial and Managerial Accounting

Financial Accounting Managerial Accounting


Reports to those outside the organization- Reports to those inside the organization
owners, lenders, tax authorities. for: planning. Directing and Motivating,
Emphasizes Financial consequences Controlling
of past activities. Emphasizes decisions affecting the future
Emphasizes objectivity and
verifiability Emphasizes relevance
Emphasizes timeliness
Emphasizes precision
Need not follow to GAAP
Must follow GAAP
Process Management

A business process is a series of steps that are followed in order to


carry out some task in a business.

Value Chain

A Value Chain consists of the major business functions that add


value to a company’s products and services.
The Theory of Constraints (TOC)

A constraint is anything that prevents you from getting more of what you to want. Every
individual and every organization faces at least one constraint.
The Theory of Constraints is based on the insight that effectively managing the constraint is
a key to success.
Six Sigma

Six Sigma is a process improvement method that relies on customer feedback and fact based
data gathering and analysis techniques to drive process improvement.

The most common framework used to guide Six Sigma process improvement efforts is
known as DMAIC, which is stands for Define, Measure, Analyze, Improve, and Control.
E-Commerce

E-commerce refers to business that is conduct using the internet. E-commerce is the buying
and selling of goods and services, or the transmitting of funds or data, over an electronic
network, primarily the internet.

Enterprise Systems

An enterprise system is designed to overcome these problems by integrating data across an


organization into a single software system that enables all employees to have simultaneous
access to a common set of data.
Conclusion

Managerial Accounting prepares a variety of reports, some reports focus on how


well managers or business units have performed-comparing actual results to plans
and to benchmarks. Some reports provide timely, frequent updates on key
indicators such as orders received, order backlog, capacity utilization and sales.

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