Management Accounting for New Managers

By alasdair gilchrist

For new managers recently promoted to their role one of the most daunting and confusing tasks is coming to terms with management accounting and finance. You may be highly technical and proficient in the skills that saw you promoted but if you cannot come to terms quickly and communicate efficiently in management accountancy parlance you will struggle to adapt to the new environment and particularly the specific language used in the management meetings.

• Language: English
• Publisher: alasdair gilchrist
• Release date: Apr 14, 2015
• ISBN: 9781513026220

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Table of Contents

Management Accounting for New Managers

Management Accounting

Management Accounting for New Managers

Alasdair Gilchrist

24th May 2014

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Description

Most managers today get promoted through the ranks due to their technical competency and will be considered knowledgeable in their particular discipline. Indeed most managers never come across the need for a knowledge in management accounting until they reach more senior middle or higher management positions, then strangely they are suddenly expected to have not just have a grasp of management accounting but a thorough understanding. Sometimes it’s almost like they are being asked to predict the future.

But what is this management accounting that lets you see into the future?

Management Accounting for New Managers

Management Accounting

Introduction

Management Accounting Systems

Strategic level

Tactical Level

Operational Level

Calculating Return on Investment

Management Accounts vs. Financial Accounts

Management Accounting - Processes and Techniques

Contribution to Competitive Advantage

Management Accounting – Terms and Concepts

Costs

Sunk Costs

Opportunity Costs

Relevant Costs

The Matching Principle

Cost Behaviors

Variable Costs

Fixed Cost

Relevant Range

Mixed Costs

Cost-Volume-Profit

Cost Classification

Cost Classifications

Calculating Cash Flow

Operating Activities

Investing Activities

Financial Activities

Financial Evaluation

Accounting Rate of Return

Pay Back Period

Net Present Value

Internal Rate of Return

Benefit-Cost Ratio

Summary

References

Management Accounting

Introduction

Most managers today get promoted through the ranks due to their technical competency and will be considered

Reviews for Management Accounting for New Managers

[Sazedul Ekab · Rating: 1 out of 5 stars]

Please make it free for all. we are not able to buy the book. thank you.