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identify different techniques singer organization uses to measure managerial and organizational performance.
Managerial functions refer to taking care of employees and the day to day dealing with customers. Operational management refers to the behind-the-scenes operations of the business, such as ordering stock and filing paperwork.
Managerial accounting is different to financial accounting because it is the one called cost accounting. It is the process in which it is needed to identify, measure, analyze, interpret and communicate with information to pursue the goals of an organization.
describe different managerial roles
Following are different branches of accounting:1- Cost Accounting2- Financial Accounting3- Management Accountingbranches of accounting are two:1-financial accounting2-management accounting(cost a/c & managerial a/c)
Following are different branches of accounting:1- Cost Accounting2- Financial Accounting3- Management Accountingbranches of accounting are two:1-financial accounting2-management accounting(cost a/c & managerial a/c)
Diagonal communication takes place at different levels in the hierarchy of the managerial cadre of an organization.It occurs both ways that is from the high level management to low level management and vice virsa.Diagonal communication aim to discussing such matters as pertain to execution of the plans and policies of an organization to meet its business objectives.
production and operation management function
Management is the process of cordinating organasational recourse together using the management functions which are planning, organising, leading.
Information systems differ in their business needs. Also depending upon different levels in organization information systems differ. Three major information systems areTransaction processing systemsManagement information systemsDecision support systemsThe information needs are different at different organizational levels. Accordingly the information can be categorized as: strategic information, managerial information and operational information.Strategic information is the information needed by top most management for decision making. For example the trends in revenues earned by the organization are required by the top management for setting the policies of the organization. This information is not required by the lower levels in the organization. The information systems that provide these kinds of information are known as Decision Support Systems.
The functions of management accounting include: Budget control, ratio analysis, fund flow analysis and cash flow analysis. Management accountingâ??s main function is to collect accounting data which is useful for different managerial functions.
It is important to understand the different perspectives and approaches of an organization if you want to successfully manage and run an organization.