Posts Tagged book

Management Accounting Review for SMU MBA

I have to share an accounting concept for management. This is the review for SMU MBA students by financial management MBA book. It is for those students who are busy in preparing their MBA by SMU. Below is review by management accounting blog:

“Management accounting is not only for the record keeping but also it has broader aspects. The managers use the financial statements as resources to make decision in the field of accounting. About the management accounting we can take a look from MBA book of SMU, “Management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information that helps managers to fulfill organizational objectives.”

Here with the definition of management accounting we can say it is for the fulfill of organization objectives by the managers to use all the financial statements and resources.

Objectives of Management Accounting:

Scope of management accounting

Need for financial statements analysis and inter-firm comparisons

Relevance of cost analysis – overhead analysis, job cost analysis and process cost analysis

Relevance of marginal cost and C.V.P. analysis for short-run decision-making

We should know that all the management process single and most upper goal is decision making. So, decision-making is known as the nucleus of management process. Here we will look a chart to understand of decision-making process:

decision-making process

Meaning and Scope of Management Accounting:

About the meaning of management accounting Charles T. Horgren writes, “Management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information that helps managers to fulfill organizations objectives.”

As I have already mentioned that management accounting is not only the process of keeping records. Records keeping is the process of data accumulation however management accounting is the decision making process. So, the management accounting scope has broader then financial statements and record keeping.

About the evaluation of management accounting the history says that it comes with the industrial revolution from the 18th century. Management accounting is the results of capitalist system.

Management accounting has been divided into four parts – book keeping, financial accounting, accounting and cost accounting and social responsibility accounting.

Like this management accounting has one more main part that is MIS (Management Information Systems). MIS for management accounting is most important process because it collects data and gives the right way to analysis that data to take good decisions by managers.

At last we can give some facts which are necessary in functions of management accounting:

Formulation of a business plan

Implementation of the plan

Designed to achieve the goals of the plan

Formulation of business plans

These are the main function of management accounting an organization. However, we have already discussed on the management accounting chapter. Now, I think I will cover some more facts in the next chapter of financial management accounting chapter.”

Source Via :Introduction to Management Accounting

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Blog On Philosophy

Philosophy has been divided by its theory. Most logical philosophical theories are from Europe so I will write about European philosophy. The Value of knowledge is the essence of philosophy. Two philosopher have been included in the scientific philosophy. One is Marx and Seconds are Hegel. However, there were many philosopher in the world of scientific philosophy and their books were related to scientific philosophy.

From Galileo To Feuerbach time is called as Classical Epistemology. It is the time when nature was dominated on the philosophy and philosopher were inspired by natural philosophy. All the aspect of logic was related to nature and books were related to these topics.

Marx and Engles time was Critique of Political Economy. In their time all the philosophy was related to human society that is why Marx has announced that there is no more space for philosophy because science is taking place.

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Karl Marx and Friedrich Engels’s Famous Books Lists

Karl Marx and Friedrich Engels both has wrote many books on various theme. Here are some lists of them:

On Literature and Art:

The German Ideology

The Communist Manifesto

On Economics:

The Poverty of Philosophy

Wage Labour and Capital
Das Capital

Theories of Surplus Value

On Philosophy:

The Holy Family

Theses on Feurebach

Anti Duhring

Socialism: Utopian & Scientific

Dialectics of Nature

They have written on various topics but these are most important tips and books. Most famous books are on Economics and Philosophy.

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Reading such books of horror

As such, reading such books of horror has become the fashion of the day. This trend has lead to the demand of more horror books and this demand has lead to the higher prices of such books. However, with the popularity of the Internet, and the on-line shopping many publishers are striving to publish such e-books. It is a new phenomena and it has come a long way in helping the readers find such cheap books. Very often, the readers are able to read such books even on-line.

Readers who read horror books and are interested to purchase such cheap books on-line must however exercise caution before using their payment modes such as bank accounts, debit and credit cards.

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