Or whether it manufactures service for eight or delivers services itself. It is touted as working equally well, albeit with a few adjustments, in for-profit organizations and non-profit organizations.
After you have read and studied this chapter, you should be able to: Explain the difference between conceptual definitions and operational definitions.
Provide conceptual definitions for public accounting, management accounting and governmental accounting. Discuss the various components of management accounting and relate them to the focus of this textbook. Explain the importance of recognizing the interactive relationships between systems, performance measurements, human behavior and variability.
Discuss the concept of control. Discuss the relationship between the matching concept and cost accounting. Provide conceptual definitions for some basic cost terms such as manufacturing costs, selling and administrative costs, variable costs, fixed costs and mixed costs.
Discuss two global variants of capitalism in terms of the major concepts and assumptions underlying the economic system. Explain how the major business concepts, attitudes and practices differ for the two global variants of capitalism discussed in learning objective 8. Discuss why the two global variants of capitalism provide an important underlying framework for the study of management accounting and related management concepts.
Around this time, textile mills began to perform many processes inside the organization that had previously been performed outside the company by independent craftsmen. From this modest beginning, management accounting has evolved into a dynamic and extremely important, although controversial part of business and economics.
As a result, this discipline provides a great many opportunities for students who seek careers in accounting and other areas of management. The purpose of this book is to help you develop an understanding of the concepts, techniques and controversial issues associated with what most accountants refer to as cost and managerial accounting.
Although your initial perception of this course may be somewhat different, this is a very broad discipline with rich conceptual linkages to economics, finance, statistics, production management, management science, marketing and engineering. If you pursue it diligently, this course of study will become an invaluable experience regardless of your particular career path.
The purpose of this chapter is to introduce the concepts that provide a foundation for our excursion into the domain of cost and managerial accounting. More specifically, the objectives are to: Conceptual definitions are those typically found in a dictionary and usually represent generalizations.
On the other hand, operational definitions are very specific. Operational definitions contain sufficient clarity so that they cannot be misinterpreted. Therefore, conceptual definitions and operational definitions are on opposite ends of a continuum.
For example, a conceptual definition of clean is "free from dirt. But suppose we are talking about cleaning the instruments needed for brain surgery. Then we will need an operational definition. Another more relevant example in the area of accounting is the term "net income".The schedule for the conduct of the Principals’ Test is reset to September 27, The Principals’ Test is based on the seven (7) domains of the National Competency-Based Standards for School Heads (NCBSSH).
网易云音乐是一款专注于发现与分享的音乐产品，依托专业音乐人、dj、好友推荐及社交功能，为用户打造全新的音乐生活。. ASQ is a global community of people passionate about quality, who use the tools, their ideas and expertise to make our world work better. ASQ: The Global Voice of Quality. William Edwards Deming (October 14, – December 20, ) was an American engineer, statistician, professor, author, lecturer, and management consultant.
Educated initially as an electrical engineer and later specializing in mathematical physics, he helped develop the sampling techniques still used by the U.S.
Department of the Census and the Bureau of Labor Statistics. What is Lean Manufacturing? For an idea that has been around since , lean manufacturing still garners plenty of attention. The term “lean manufacturing” was first introduced in the book The Machine That Changed the World by Womack, Jones and Roos.
What is Lean Manufacturing? For an idea that has been around since , lean manufacturing still garners plenty of attention. The term “lean manufacturing” was first introduced in the book The Machine That Changed .