INTRO TO MANAGERIAL

ACCOUNTING
Strategic Cost Management

JEREMIAH EDISON C. NICART, CPA

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 LEARNING OUTCOMES
1. Define Managerial Accounting
2. Identify Distinction of Managerial
Accounting with other accounting
disciplines.
3. Learn the Scope and Limitations of
Managerial Accounting
4. Know the Functions and Roles of a
Controller Over Other Accounting
Positions
5. Identify Some Contemporary Issues
Definition and Functions

MANAGERIAL ACCOUNTING
a field of accounting that
provides economic and
financial information for
internal users, particularly
the managers or decision-
makers in an organization

MANAGERIAL FUNCTIONS
PLANNING
ORGANIZING
LEADING
CONTROLLING
MANAGERIAL
ACCOUNTING ACTIVITIES
1. Determining, accumulating, and
explaining costs.
2. Computing or determining
product/service cost
3. Determining cost behavior
4. Providing assistance to management
in profit planning/budgeting
5. Accumulating and presenting data
which may be used by managers in
decision-making
6. Providing bases for cost control with
the use of standard costs and other
planned objectives
7. Assisting managers in developing the
company's prices both internal and
external transactions.
 APPLICATION

NON-PROFIT
BUSINESS
ORGANIZATIONS
PRINCIPLES GOVERNING THE DESIGN OF
MANAGEMENT ACCOUNTING SYSTEMS
1. Should help establish the decision-
making body over the firm's assets

2. Infomation generated should support

planning and decision- making

3. Reports should provide a means for

performance monitoring and evaluation
Management Accounting
vs Cost Accounting
Management Accounting
vs Financial Accounting
 Standards of Ethical
Conduct

COMPETENCE

CONFIDENTIALITY

INTEGRITY

OBJECTIVITY

RESOLUTION
OF ETHICAL
CONFLICT
 CONTROLLER:
The Chief Management Accountant

Controller is the chief management

accounting executive of an
organization who is mainly
responsible for the acounting
aspects of management planning
and control.
Control Planning Functions of a Controller

Reporting and Interpreting

Evaluating and Consulting

Tax Adminstration

Government Reporting

Asset Protection

Economic Appraisal
 Controllership vs Treasurership

Controllership
1. Planning and Control
2. Reporting and Interpreting
3. Evaluating and Consulting
4. Tax Administration
5. Government Reporting
6. Asset Protection
7. Economic Appraisal
Treasurership
1. Provision of Capital
2. Investor Relations
3. Short-term Financing
4. Banking and Custody
5. Credit and Collections
6. Investments
7. Insurance
 Factors Contributing to Changes

Customer Emphasis Global Competition Technology

Business Environment
Customer Value and
Value Chain

Total Quality
Management (TQM)

Just-In-Time (JIT)

Business Process
Reeingineering (BPR)

Theory of Constraints
(TOC)

Activity-Based
Costing (ABC)

Balanced Scorecard

Corporate Social
Responsibility (CSR)

Current Focus of Managerial Accounting

 Disclaimer

Contexts and examples from this material are

adapted from MAS by Roque. No copyright
infringement intended as this is prepared solely
for academic purpose.
Thank you!
+63 927 856 8897

www.evsu.edu.ph

jeremiahedison.nicart@evsu.edu.ph

Tacloban City, PH, 6500

Contexts are adapted from MAS by Roque