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  • Basic Consideration in MAS

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    Irene Limpin
    4 views7 pages
    The document discusses several key distinctions among management accounting, cost accounting, and financial accounting including their purposes and roles within an organization. It also outlines some basic principles for managerial advisory services focusing on creating specific, measurable, and timebound plans and objectives to provide value to customers. The roles of various finance and accounting positions like the controller, treasurer, marketing, and production are defined in supporting the overall goals and strategic plans of the CEO and COO.

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    1. Basic Consideration in MAS

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    The document discusses several key distinctions among management accounting, cost accounting, and financial accounting including their purposes and roles within an organization. It also outlines some basic principles for managerial advisory services focusing on creating specific, measurable, and timebound plans and objectives to provide value to customers. The roles of various finance and accounting positions like the controller, treasurer, marketing, and production are defined in supporting the overall goals and strategic plans of the CEO and COO.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views7 pages

    Basic Consideration in MAS

    Uploaded by

    Irene Limpin
    The document discusses several key distinctions among management accounting, cost accounting, and financial accounting including their purposes and roles within an organization. It also outlines some basic principles for managerial advisory services focusing on creating specific, measurable, and timebound plans and objectives to provide value to customers. The roles of various finance and accounting positions like the controller, treasurer, marketing, and production are defined in supporting the overall goals and strategic plans of the CEO and COO.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    Basic Considerations

    In

    managerial advisory
    services

    specific Realistic
    measurable timebound
    Attainable

    DISTINCTIONS AMOUNG MANAGEMENT ACCOUNTING, COST ACCOUNTING AND FINANCIAL ACCOUNTING


    CEO

    [FO COO HR

    controller Treasurer
    marketing production
    (staff) Cline) Cline) Cline)
    Employee

    Whatis your purpose of Being here

    Ipananaw mo Syrs from now

    Driving force
    Investment analysis
    utilization of resources
    Trabaho ni controller

    obtained
    plans are
    being followed . objectives are
    being

    -
    provide top level management
    ☆ as a
    management
    -

    Gathering Actual /Past information that is accountant you should


    be Dynamic
    ( longterm 4 tactical plan )

    produce
    cost -
    POV of customer
    ☐ in state
    sale -

    creating value to customer measurement


    create customer satisfaction
    satisfaction of value
    the customer is
    willing to
    pay for it

    Benchmarks ,
    Critical Areas
    overarching
    Principles
    #onest

    air
    F

    · bjective

    & esponsibility
    Data - Information I knowledge ->
    Insights -> Action

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