Role of Managerial Accounting in Industries, Critical Review
This report is about the concept of management accounting and offers the analysis based on research studies, different industries and companies. Managerial accounting is the process of identification, measurement, evaluation, presentation and communication of data to attain company’s objectives. The distinction among the managerial accounting and financial accounting is that managerial accounting provides data to management and employers performing inside the company while the financial accounting gives data to the stakeholders of the company that are performing outside like the external stakeholders. In the end the comparison is done on the basis of time, sector and company (continued...) wordcount of report: 4000 words
Introduction
Definition
Role of management Accountant
Information required by management accountant
Goals of management accountant
The basic functions of management accounting
Budget estimates:
Planning:
Human recourses:
Directing and motivating:
Controlling and administration
Role of managerial accounting in different industries
Comparing and contrasting the use of accounting techniques in different industries
Comparison of research studies
Common techniques employed by all companies
Comparison of Kuwaiti firms in adopting Capital budgeting methods
Study 1 (2009)
Major research findings
Study 2 (2016)
Major research findings
The factors impacting on adopting managerial accounting techniques
Similarities in findings of two research studies
Differences in findings of two research studies
Company wise comparison
Al-Ghanim
.Burgan Bank
M.H.Alshaya CO
Comparison of 3 companies
Similarities
Differences
Conclusion
References
Definition
Role of management Accountant
Information required by management accountant
Goals of management accountant
The basic functions of management accounting
Budget estimates:
Planning:
Human recourses:
Directing and motivating:
Controlling and administration
Role of managerial accounting in different industries
Comparing and contrasting the use of accounting techniques in different industries
Comparison of research studies
Common techniques employed by all companies
Comparison of Kuwaiti firms in adopting Capital budgeting methods
Study 1 (2009)
Major research findings
Study 2 (2016)
Major research findings
The factors impacting on adopting managerial accounting techniques
Similarities in findings of two research studies
Differences in findings of two research studies
Company wise comparison
Al-Ghanim
.Burgan Bank
M.H.Alshaya CO
Comparison of 3 companies
Similarities
Differences
Conclusion
References
