Managerial accounting Charles E. Davis Elizabeth Davis

Accounting As A Tool For Management What Is Managerial Accounting? Different Strategies, Different Information Ethical Considerations in Managerial Accounting

What Is Managerial Accounting? Define managerial accounting. Describe the differences between managerial and financial accounting. Who are the primary users of financial accounting information? Who are the primary users of managerial accounting information? Compare and contrast managerial and financial accounting information. List and describe the four functions of managers. What are the four functions of management? How does management carry out each function?

Different Strategies, Different Information Explain how the selection of a particular business strategy determines the information that managers need to run an organization effectively. How does information assist in achieving corporate strategy? How does corporate strategy influence the selection of information used in decision-making activities?

Matching Accounting Information to an Organization’s Strategy Product Differentiation versus Low-Cost Production Market Share: Build, Hold, Harvest, or Divest Monitoring Strategic Performance The Balanced Scorecard Supply Chain Management Just-In-Time (JIT) Inventory Enterprise Resource Planning (ERP) Systems

Ethical Considerations in Managerial Accounting Discuss the importance of ethical behaviour in managerial accounting. Why is it important for an organization to have a code of conduct? How can an employee’s unethical behavior affect an organization?

Ethical Considerations in Managerial Accounting (1) “Do I mind others knowing what I have done?” (2) “Who does my decision affect or hurt?” and (3) “Would my decision be considered fair by those affected?”