Explain how is acts as an organization resource vis a vis more traditional resource like man machine

This is a combination of software, hardware, personnel and infrastructure. These books contest that traditional accounting methods are better suited for mass production and do not support or measure good business practices in just-in-time manufacturing and services.

Kaplan and W. Data from everyday operations in the company is collected and brought together with data from sources outside the organization. Operations will also be smoother because information will always be readily available and data collection methods like forms or questionnaires will be standardized.

Access to this information also helps ensure that problems are detected early and decisions are made quickly using the latest information. Life-cycle costing recognizes that managers' ability to influence the cost of manufacturing a product is at its greatest when the product is still at the design stage of its product life-cycle i.

If there will be a need to contact the developer, like in the event of large changes, you should discuss this early before you make the decision to purchase the system. They initially focused on the manufacturing industry, where increasing technology and productivity improvements have reduced the relative proportion of the direct costs of labor and materials, but have increased relative proportion of indirect costs.

RCA was derived by taking costing characteristics of GPK, and combining the use of activity-based drivers when needed, such as those used in activity-based costing.

definition of management accounting by different authors

Most Management Information Systems provide a channel for customers to collect and store vital data and feedback from customers.

Rated 5/10 based on 13 review
Management accounting