Why Process Oriented Management Accounting Techniques are More Useful to Handle New Era Problems
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2014, Vol 4, Issue 2
Abstract
The paper specifies its focus on rapid transition in management accounting techniques to process oriented techniques and to profoundly study new developments in management accounting system in last few years. The purpose of the paper is to bring newer and modern management techniques to light, such as TQM, the Balanced Scorecard, Activity Based Accounting, Target Costing and Just-in-Time (JIT).These tools really help management accounting to reduce accounting transaction and to find more approximate cost of product in detail showing participation of every department and much more help in budget process and revenue recording for each department. The traditional management accounting tools, e.g. Budgeting, Standard Costing, Cost Volume Profit CVP) analysis and financial performance measurement are also very useful but to work with today’s customer focused environment and to measure the financial and non financial performance of the organization, less cost, more revenue and performance, the process oriented management accounting techniques are more useful.
Authors and Affiliations
Zaryab Sheikh, Shafaq Rana
Keywords
Related Articles
- EP ID EP147244
- DOI 10.6007/IJARAFMS/v4-i2/863
- Views 97
- Downloads 0
Analyzing the Effective Factors on Internal Audit Quality of Health Insurance Organization of Iran
The purpose of this study is to investigate the factors affecting the quality of internal audit of health insurance organization. This applied research is a descriptive-correlational study. The statistical population of...
The 2008-2009 Global Crisis and Governance
In this study, we examine the impact of the 2008-2009 Global Crisis on Governance. We focus on the World Bank’s Worldwide Governance Indicators (i.e. WGI) which includes six dimensions of governance. These six dimensions...
Accounting Practices and Performance of Oil and Gas Industry (Upstream Sector) in Nigeria. An Empirical Analysis
This research work seeks to examine the extent to which Accounting practices affect the profitability of Oil and Gas companies in Nigeria, particularly those in the upstream sector. The specific objectives were: to deter...
The Relationship between Capital Structure and the Efficiency in both State and Private Banks by the Use of DEA Technique
The aim of this research is to study the relationship between capital structure and the efficiency in both state and private banks by the use of DEA (Data Envelopment Analysis) technique. The research hypotheses are base...
Activity Analysis of Control for Micro Lending on Bank Nagari Pasar Raya Branch Padang