Advanced Cost Management Professor William F. O’Brien, MBA, CPA Spring 2010.

Slides:

Advertisements

Similar presentations

Cost Management ACCOUNTING AND CONTROL

Advertisements

Managerial Accounting 2008 William F. O’Brien, MBA, CPA.

Chapter 14 Contemporary cost management. Cost management §Improvement of an organisation’s cost effectiveness through understanding and managing the real.

Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2011.

FORENSIC ACCOUNTING – BA 124 – Spring 2008 Advanced Cost Management Session II: The Organizational Role of Management Accountants (ORMA)

Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2011.

FORENSIC ACCOUNTING – BA 124 – Fall 2011 Advanced Cost Management Session II: The Organizational Role of Management Accountants (ORMA)

STRATEGIC COST MANAGEMENT - BA122B - Fall 2005Slide 2-1 Mgt. Acctg.--Strategic Implications n M/A’s must use KTT in their business decisions to meet “customer”

Advanced Cost Management Professor William F. O’Brien, MBA, CPA Fall 2007.

STRATEGIC COST MANAGEMENT - BA122B – ISO 9000 n International Organization for Standardization n Internationally accepted guidelines for quality.

STRATEGIC COST MANAGEMENT - BA122B – Spring 2011Slide 6-1 Quality and Strategic Cost Management n Quality and profitability are related n Premium on quality.

STRATEGIC COST MANAGEMENT - BA122B - Fall 2007Slide 3-1 Activity Based Costing (ABC)

1 Pertemuan 25 Managing The Effectiveness of The Audit Department Matakuliah:A0274/Pengelolaan Fungsi Audit Sistem Informasi Tahun: 2005 Versi: 1/1.

Managing Costs and Revenues--MBA I--Spring Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2010.

Managing Costs and Revenues--MBA I--Spring Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2009.

Advanced Cost Management-Spring Cost Actg. Review Cost…an economic sacrifice.

MANAGING COSTS AND REVENUES Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2011.

MANAGING COSTS AND REVENUES Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2011.

STRATEGIC COST MANAGEMENT - BA122B - Fall 2005Slide 14-1 ISO 9000 n International Organization for Standardization n Internationally accepted guidelines.

Managing Costs and Revenues--MBA I--Spring Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2008.

Managing Costs and Revenues--MBA I--Spring Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2010.

What is an Information System? Input of DataResourcesProcessing Data Data Control of System Performance Storage of Data Resources Output of InformationProducts.

MANAGING COSTS AND REVENUES Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2011.

STRATEGIC COST MANAGEMENT - BA122B – Fall 2011Slide 7-1 Quality and Strategic Cost Management n Quality and profitability are related n Premium on quality.

Managing Costs and Revenues--MBA I--Spring Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2008.

Advanced Cost Management Professor William F. O’Brien, MBA, CPA Spring 2005.

Managing Costs & Revenues Professor William F. O’Brien, MBA, CPA Spring 2011.

STRATEGIC COST MANAGEMENT - BA122B - Fall 2010Slide 6-1 Activity Based Costing (ABC)

Advanced Cost Management-Fall Advanced Cost Management Professor William F. O’Brien, MBA, CPA Fall 2002.

Managerial Accounting-Strategic Cost Analysis--Spring Advanced Cost Management Professor William F. O’Brien, MBA, CPA Fall 2001.

Chapter 2 Strategic Training

The Accountant’s Role in the Organization © 2009 Pearson Prentice Hall. All rights reserved.

P e r f o r m a n c e Measuring Results of Organizational Performance Lesson 4 Performance Methodology: The Balanced Scorecard.

Management Accounting in a Changing Environment Chapter Fourteen.

Management Accounting in a Changing Environment

Cost Management and Strategy: An Overview

Managing Quality and Performance

Use only with permission of Susan Crosson Chapter 1 : A Manager’s Perspective Chapter 1 The Changing Business Environment: A Manager’s Perspective Fall.

COST MANAGEMENT Accounting & Control Hansen▪Mowen▪Guan COPYRIGHT © 2009 South-Western Publishing, a division of Cengage Learning. Cengage Learning and.

© 2009 Factory Strategies Group LLC. All rights reserved. The Balanced Scorecard Enterprise Excellence Series (Sample Slides)

Basic Management Accounting and Control Concepts.

Cost Management ACCOUNTING AND CONTROL

Balanced Scorecard Managerial Accounting Prepared by Diane Tanner University of North Florida Chapter 27.

M A N A G E M E N T M A N A G E M E N T 1 st E D I T I O N 1 st E D I T I O N Gulati | Mayo | Nohria Gulati | Mayo | Nohria Chapter 10 Chapter 10 PERFORMANCE.

1 -1 Introduction: The Role, History, and Direction of Management Accounting CHAPTER.

MARKETING MANAGEMENT 12 th edition 22 Managing a Holistic Marketing Organization KotlerKeller.

1 PowerPointPresentation by PowerPoint Presentation by Gail B. Wright Professor Emeritus of Accounting Bryant University © Copyright 2007 Thomson South-Western,

The Changing Business Environment: A Manager’s Perspective 18.

Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin Chapter One.

AFM The Balanced Scorecard By Isuru Manawadu B.Sc in Accounting Sp. (USJP), ACA.

15 1 Chapter 15 Database Administration Database Systems: Design, Implementation, & Management, 6 th Edition, Rob & Coronel Learning Objectives.

Copyright  2006 McGraw-Hill Australia Pty Ltd PPTs t/a Management Accounting: Information for managing and creating value 4e Slides prepared by Kim Langfield-Smith.

Chapter 16 Managing costs and quality

1-1 Introduction to Cost Management Financial Accounting Versus Management Accounting: A Systems Framework Accounting information systems Financial.

Controlling PRIMAN. What is Control? The process of monitoring activities to ensure that they are being accomplished as planned and of correcting any.

1 PowerPointPresentation by PowerPoint Presentation by Gail B. Wright Professor Emeritus of Accounting Bryant University © Copyright 2007 Thomson South-Western,

12-1 Activity-Based Management The Relationship of Activity- Based Costing and Activity- Based Management Continuous Improvement is a process.

Table 1: Comparison of Management and Financial Accounting.

Government Engineering college Gandhinagar. Subject: Engineering economics & Management Topic: cost Prepared By Name: Enrollment No.: Nikhil Chaudhari.

KEY PERFORMANCE INDICATORS

MANAGERIAL ACCOUNTING

The Balanced Scorecard

Management Accounting in a Changing Environment

Managing Resources, Activities, and People

Managerial accounting

MANAGERIAL ACCOUNTING

Nonfinancial Performance Measures

Principles of Management

UNIT-VII Strategic Management.

Presentation transcript:

Advanced Cost Management Professor William F. O’Brien, MBA, CPA Spring 2010

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-2 Financial Management Evolution DATA INFORMATION ANALYSIS IMPLEMENTATION Today’s Corporate Focus is on Results!

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-3 Factors Influencing Today’s Business Environment n Global competition n Manufacturing and IT advances n Customer focus n Revised organizational structures n Social, political and cultural changes

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-4 Strategic Cost Management n Strategic cost management is the development of cost management information to facilitate the principal management function--strategic management.

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-5 Introduction n Cost Management n Financial n Non-Financial

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-6 Company F/S Users Economic Decisions Financial Impact (useful & relevant) Financial Accounting Model

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-7 Managerial Accounting Model Plan Implement Monitor Adjust Accounting Information Communication Environment

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-8 Four Management Functions …another Perspective n Strategic Management n Planning and Decision Making n Management and Operational Control n F/S Preparation n How is Cost Management Info Used?

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-9 Contemporary Mgt. Techniques n Business Partnering n Activity-Based Costing (ABC) and Mgt. (ABM) n Value Chain Analysis n Target Costing n Environmental Cost Analysis n Theory of Constraints (TOC) n Total Quality Management (TQM) n Lean Production/Mass customization n The Balanced Scorecard and Economic Value Added Analysis (EVA®)

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-10 Ansari: SMA n Strategic Triangle (QCT) n Competition based on quality, cost & Time n Attribute Triangle (TBC) n Attributes of the management accounting “system” as it relates to a particular strategic cost management (SCM) tool n Impacts technical, behavioral & cultural aspects n Mgt. Actg. Links Strategy with Action n It is not an end unto itself n It is an integrating tool

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-11 SMA, cont. n The two triangles are dependent upon each other n This process is a framework to ensure that our management accounting tools possess the attributes necessary to achieve our strategic goals

STRATEGIC COST MANAGEMENT - BA122B - Spring 2010Slide 1-12 SMA, cont. n QCT Triangle n Self evident n TBC Triangle n Management accounting systems, when used correctly n Provides Technical insight n Encourages Behavioral changes n Reinforces or changes Cultural attitudes