Accounting organizations

Management accounting states “process and techniques that focus on the effective and efficient use of organisational resources, to support managers in their tasks of enhancing both customer value and shareholder value (Langfield-Smith, 2003). In which, the objective of management accounting in the organization is to encourage competitive decision-making by collecting, processing, and communicating knowledge that benefits management proposal, assessing corporate procedures and company policy. Over the past few years, the advancement in technology and other factors has taken over the business environment. The development of new technology has created arise for new business form; some great examples are Uber, Airbnb, and Alibaba. These are the…

(See appendix for an organization structure chart) Cookridge Carpets Ltd is organized into departments – including an accounts department. The functions of accounts are to communicate with internal and external contacts to improve the running of the business. (See appendix for a structure chart on internal and external contacts.) The three main departments of Cookridge Carpets Ltd are: Accounts, Sales and marketing, and research and buying. The organizational chart allows employees within…

Organizations also have to focus on the corporate social responsibility to serve different stakeholders, for example, clients, employees, suppliers, groups, and ecological and human rights advocates, whose interests are attached to the organization's execution. A corporate social responsibility is a business practice that involve the organizations making decisions that concern society benefit. Companies should provide customers with safe and high quality products that are fairly priced and easy…

The value chain is an effective management tool to identify the appropriate steps to provide consumers with competitive and quality products and determine what steps produce the most value (Blocher et. al, 2013). Arguably one of organizations’ top priorities is to continue to provide value through products to consumers. Therefore, the value chain is incredibly propitious, as organizations study and evaluate each step in attempts to reduce costs, adapt more favorable prices, and determine which…

Organizing Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the achievement of the company’s objectives ("Principles Of Management 1.1 | Flat World Education"). The structure of the organization is the framework within which effort is coordinated. The structure of the company is shown as an organization chart, which delivers a graphic representation of the chain of command within an organization ("Principles Of…

BSC as Strategic Management Accounting Technique The Balance Scorecard model is used as a strategic accounting technique by B&M in the four cases it has presented in the chapter. The description about the four cases – Ercopharm, Kvadrat, and Columbus IT Partner & BRFKredit – is given essentially but not sufficiently. This means that the description provided is accurate and adequate but it is not sufficient while describing a firm or corporation. However, a general perception about the firm can…

organisation got to the position it is currently at. Unless fully understood, the organization will continue to operate in a fixed direction irrespective of whatever decisions are imposed upon it. It is therefore appropriate to look at a case study of a certain type, so that, through analysis, generalisations may be made that will be applicable to other cases of a similar nature. Suppose, XYZ Co Ltd is an SME in the clothing and textile industry based in India which started its operations in…

Written Assignment Unit 2 Question 1. To what extent were the actions of Bernard Ebbers indicative of leadership, and to what extent did Ebbers display destructive behavior? Provide examples of leadership and deviant behavior from the case. Answer: Ebbers portrayed leadership skills in the following ways: According to Kidwell (2005), “In the year 1985 Ebbers gained control of the LDDS Company using the interests he acquired in the motel chain, even after he was named the chief executive officer,…

Management communicated the change, prepared us for the change and gave us the proper training. The planning of the transition has lessened the fear I have about the change. The change has improved our skills, improved efficiency and increased flexibility. In some organizations, the process of implementing changes occur erratically and rapidly while other organizations plan the process. For those companies who do the changes erratically and rapidly face resistance from employees. In my case,…

which an organisation’s activities are divided, organized and coordinated. It provides stability and helps organization members work together to achieve goals. Division of work, also called job specialization, is based on the observation that productivity increases when tasks are specialized. Jobs are defined by dividing the work can be can be logically grouped into departments depends on how wide a span of management control is feasible for an organization’s managers. This arrangement is in the…