brief tall of management accounting

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1、BrieftallofmanagementaccountingAbstraction：Asaconsequenceofgroentmanypanieshavereconsideredcustomersatisfactionasaprioritiesandadaptedorganizationalstructuresandprocesses.Thedevelopmentofmanagementaccountingisthusgainingitsimportanceintheoperationalproce

2、ss.　　Keyanagementaccountantsareincreasinglyrequiredtotakeintoaccountlongtermstrategiesoftheorganizationasanagementaccountantshouldensurethattheinformationisrelevant,accurateandtimelytothedecisionmakingbutalsokeepcostsorrisksassociatedanagementteam.　　Rele

3、vanceasaconcepthasbroadenedbeyondthatofmanagementaccountinginformationproducedforeachmanager.Therelevantcostisdefinedasthecostsappropriatetoaspecificmanagementdecisioninthecontextoftheorganizationsstrategyandpotential.Inordertoqualifyforrelevancy,areleva

4、ntcosteettongalternatives.ManagementAccountantsmustnooreopportunitiesfortheirclienttoevolvetheirbusiness.　　Theopportunitycostisregardedasonetypeofrelevantcost.Victoravich(2010)indicates‘Opportunitycostsareincurredakermustchoosebetorecoursesofaction;hoonl

5、yoverlookedbydecision-makers’.　　Identificationofopportunitycostsasrelevantinformationislikelytoinfluencedecisionsandestimation(Victoravich2010).Inparticular,itisimportanttoattendtoopportunitycostssincefailingtoconsiderthemasrelevantinformationislikelytob

6、iasinfavorofcontinuingprojectsthatareunprofitable.Decisionmakersneedtobeapleoftheuseofopportunitycost　　FolloationaboutYellikltdanagementaccountancyindicatesthatthiscontractshouldnotbeaccepted.Thepanyationavailable:　　1.MaterialAonthstimeforfactoryextensio

7、naterialAatpriceof$15000.YellikLtdisagreedtopaythissumondelivery.Ifforanyreason,YellikLedcanceltheorder,theyshouldbechargeda20%forcancellation.　　3.Directlaborpaidonapiece-entonthstime.　　5.The$8000fixedoverheadsrepresentanallocationoffactorycosts.Hodonotu

8、seit.　　6.Anadministrator’stimelostonheranagementaccountantscanbecalledupontocalculaterelevantcostsandbenefitsforthedecisionofalternativeplansundertheopportunitycostapproach.Itisclearthatthecontractyieldsbenefitsof$5000.The