Management accountability

A typical management accountant s statement for changes in working capital and sources and applications of funds is shown in Table 9-34. This is based on the following relation an increase in apphcation of funds equals an increase in sources of funds. The relation can also be expressed as follows an increase in assets plus a decrease in habil-ities equals an increase in liabilities plus a decrease in assets. 

Trade debtors Credit control Trade creditors Payroll Analyses Capital expenditure control Fixed assets registers Management accounts Annual accounts... 

Vosselman S.G.J., 1996. De ontwerpgerichte benadering in management accounting en control onderzoek, in Boneco M. et al. (Eds ), FMA-kroniek (in Dutch), Samson, Alphen a/d Rijn, pp. 397-417. 

There s no way of knowing how well you are executing unless you are measuring the things that matter and holding managers accountable for results. 

Telling the employees that the new policy is not to assign hlame. Hold management accountable to this commitment. 

Hold management accountable for achieving realistic near miss reporting. 

Figure 1.2 In a Total Quality Management system, all aspects of an enterprise, including managers, accountants, lab analysts, custodians, manufacturing personnel, researchers, production workers, and support stafff are focused on quality...

Cooke JE, Drury, DH. Management Planning and Control of Information Systems. Hamilton, Ontario Society of Management Accountants of Canada, April 1980. 

In order to sell more effectively to prospects, it is often advantageous to use existing customers with well-managed cooling systems as third-party references. But a poorly managed account is a potential sales liability. 

Govindarajan, V, Anthony, R., 1983. How firms use cost data in pricing decisions. Management Accounting, July, 30-37. Jensen, M.C., Murphy, K.J., 1988. Compensation and incentives practice vs theory. Journal of Finance 43, 593-616. 

Lucas, M.R., 2003. Pricing decisions and the neoclassical theory of the firm. Management Accounting Research 14, 201-217. Martin, S., 1993. Advanced Industrial Economics. Blackwell. 

Quirion, P., 2003. Allocation of C02 Allowances and Competitiveness A Case Study on the European Iron and Steel Industry. Mimeo. Shim, E., Sudit, E., 1995. How manufacturers price products. Management Accounting 76, 37-39. 

After the dye house has found a dye correct for tint and color strength, the dye goes to the package store from which it is withdrawn for the market. The management, accounting department, and plant chemist are informed and attention is directed to any special facts, such as good or bad yield and tint, etc. When these data are filed on a product, either a dye or an intermediate, the function of the industrial chemist comes to an end. 

Heller, A. and Feldman, B. (2010) Electrochemistry in diabetes management. Accounts of Chemical Research, 43 (7), 963-973. 

Robert N. Anthony, Management Accounting. Richard D. Irwin, Homewood, IL, 1964. 

Institute of Management Accountants, Manage -ment Accounting Glossary (Englewood Cliffs, NJ Prentice Hall, 1991). 

Johnson, H. T., and Kaplan, R. S., Relevance Lost The Rise and Fall of Management Accounting (Cambridge, MA Harvard Business Review, 1987). 

Monden, Y., and Hamada, K., 1991, Target Costing and Kaizen Costing in Japanese Automobile Companies, Journal of Management Accounting Research, 3 16-34. 

Noreen, E., Smith, D., and Mackey, J. (1995), The Theory of Constraints and Its Implications for Management Accounting, North River Press, Great Barrington, MA. 

Lambert, D. M. (1978), The Distribution Channels Decision, National Association of Accountants, New York, and Society of Management Accountants of Canada, Hamilton, ON, pp. 44-45. 

---