Professional Documents
Culture Documents
1. Planning: setting the goals or object that how to achieve the goals.
2. Staffing: the manager should hire right person in the right job.
3. Leading: the manager must guide the staffs that how to work how
to present information what is the law.
4. Controlling: the manager must have control in all activities the
manager have a separate meting whit staff that what have you done
during last week.
5. Organizing: the hold Sid of management is organizing it means hot
to organize planning staffing and etc.
Purpose of management
information
Management information is information supplied to managers for the
purpose of planning control and decision making.
And the purpose of management information is to manager the resource
efficiently.
1. Planning: to make the plan or setting goals of objective that how to
achieve the goals or objective.
2. Controlling: when ever a manager make plan so after that the plan
needs to control that how is activity or work going on.
3. Decision Making: manager in all organization make decision and
decision always involve choice between alternative.
Choice alternative: means that from where I bring these goods from P or
R.
4. Recording Transaction: The manager must have a record of
transaction that what he sale and what he purchased.
1. Pricing: when ever in our company all the things of product like
material labor other expense are available so on that time the manager
can price on goods base on their expense.
2. Valuing stock: The manager in each organization or in any company
can revise or can evaluate the stock.
3. Assessing profitability: The manager should check the price of good
that weather its o profit or in loss.
The feature of useful management
Information
1. Reliable: The manager should get information from right from
trusthood person that what is real happening in organization.
2. Timely: The information that manager wants it should be on time
( exact time)
3. Relevant: The information that managers want about each specific
point the information should be concerned to that article.
4. Complete: The information that manager wants from us that should
be complete no mistake in the information.
5. Accurate: the good information must be accurate it means it should
be complete.
6. Clear: The good information must be clear it means easy to use from
that.
Note: good management information is Reliable Timely Relevant.
.
Types of management information
1. Financial information: that involved money.
It means that by money we get information from any one or any where.
2. Non- financial information: that not involved money.
Management information
b .Pay slip: show the salary is calculated and it will given to staff.
For example: Salary ----------------------$1000
Tax -------------------------$200
Tran ------------------------$300
Insure------------------------$500
4. machinery and staff capacity: to check the capacity of machines
or staff
EX: When ever our company every day produce 500 bottle of Pepsi but
in this week the company is not able to make 500 bottle the company
make for example (400) bottle of Pepsi so on that time we should check
it that where is the problem.
3- Management Accounting report is look fro past data and also future
data fro planning purpose,
5- Include bathe financial and non financial information. That when ever
we make a plan fro future we must take about budget.
Financial reporting
1- Is used externally. we give the financial report to government to other
Companies.
5- Defined period it means that after a defined or exact time the count in
bank are stop, and then ask how the cast is.
Management Acounting and financial
Reporting
1- Coding: we use the coding structure for the purpose of having control
or record over transaction. Assests within organization. And its
combination of words, letter and number.
3-G.R.N: good received note: that when we received the good we will send
also received G.R.N.
Cost Accounting
Is used for purpose of determining. The cost of products. The elements of
cost Accounting are as follow.