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What is security premium in management accounting?
Security premium in management accounting is the difference between the nominal value and the selling price of shares.
What are differences between management accounting and strategic management accounting?
Management Accounting: The internal business building role of accounting and finance professionals who work inside organizations. These professionals are involved in designing and evaluating business processes, budgeting and forecasting, implementing and monitoring internal controls, and analyzing, synthesizing, and aggregating information-to help drive economic value. Strategic Management Accounting:An advanced form of management accounting that attempts to include information about an entity's competitors in the reports prepared for the internal management of the entity.
What are the criticisms of traditional management accounting?
Only direct costs can be directly attributed to the funding agencies and their causes. The management accounting as a tool of the accountancy donå«t form the companyå«s production process in terms of value
What is accounting management?
There are three type of Accountants: 1 - Financial Accountants 2 - Cost Accountant 3 - Management Accountant Management Accountant is a person who helps the management in the decsion making process of daily working activities by providing relevent data and analysis and helps management in every aspect of business activities and provide the analysis of financial implications of different decisions made by management and help to choose most benefitial decision and ways to manage business.
What is value chain analysis in management accounting?
Value chain analysis is the process to determine which process of production is increasing the value of product and which is not so that the product manufacturing cost can be reduced by eliminating that process from the production chain.
What is security premium in management accounting?
Security premium in management accounting is the difference between the nominal value and the selling price of shares.
What are differences between management accounting and strategic management accounting?
Management Accounting: The internal business building role of accounting and finance professionals who work inside organizations. These professionals are involved in designing and evaluating business processes, budgeting and forecasting, implementing and monitoring internal controls, and analyzing, synthesizing, and aggregating information-to help drive economic value. Strategic Management Accounting:An advanced form of management accounting that attempts to include information about an entity's competitors in the reports prepared for the internal management of the entity.
What has the author Earl Naumann written?
Earl Naumann has written: 'Customer satisfaction measurement and management' -- subject(s): Evalution, Customer services, Management, Consumer satisfaction, Evaluation 'Creating customer value'
What has the author Takeo Yoshikawa written?
Takeo Yoshikawa has written: 'Strategic Value Analysis' 'A review of Japanese management accounting literature and bibliography' -- subject(s): Bibliography, Managerial accounting, Cost accounting, Accounting literature
What is relationship management to personal selling?
Relationship Management concentrates on maintaining an effective communication channel between the customer and the organisation, most commonly high value customers, this may involve after-sales. It is important for some organisations to use as a means of customer satisfaction based on the fact that the customer may be there largest customer accounting for 40% of organisation sales, key account management may also be involved. Personal selling concentrates with directly dealing with the customer and will usually be a lead or prospect and will carry on with follow-up after the sale is complete OR give the account to a relationship management. personal selling can involve door-to-door, phone,e-mail ect , however relationship management
What are the criticisms of traditional management accounting?
Only direct costs can be directly attributed to the funding agencies and their causes. The management accounting as a tool of the accountancy donå«t form the companyå«s production process in terms of value
What is holistic margin management?
"(holistic margin management) is about removing non-value-added components from a customer's perspective, and reinvesting in those savings in value-creating opportunities."
Characteristics of selling concept?
problem solveing and system selling adding value and satisfying needs customer retention database and knowledge management customer relationship management marketing the product
What is accounting management?
There are three type of Accountants: 1 - Financial Accountants 2 - Cost Accountant 3 - Management Accountant Management Accountant is a person who helps the management in the decsion making process of daily working activities by providing relevent data and analysis and helps management in every aspect of business activities and provide the analysis of financial implications of different decisions made by management and help to choose most benefitial decision and ways to manage business.
What is production management and material management?
adding value to raw materials which are scarce in most efficient and effective way to satisfy the needs of the customer
How does information get value?
The value of perfect information is a management accounting theory which highlights the difference between the expected value based on probability of occurrence and the maximum possible value a seller or manufacturer can make if he or she has an idea of actual demand for his or her products.
What is value chain analysis in management accounting?
Value chain analysis is the process to determine which process of production is increasing the value of product and which is not so that the product manufacturing cost can be reduced by eliminating that process from the production chain.
