会计英语unit 15 Introduction to Managerial Accounting.ppt

Unit 15 Introduction to Managerial Accounting Managerial Accounting is a field of accounting that provides economic and financial information for managers and other internal users. A company may use it to analyze past, control present, plan future and participate in decision-making for the purpose of achieving the goal of profit maximization based on sound internal management. Ⅰ. Managerial Accounting vs Financial Accounting Similarity Each field of accounting deals with the economic events of an enterprise. For example, cost. Unit cost of manufacturing a product; Total cost of goods manufactured and sold Both managerial accounting and financial accounting require that the results of an entity’s economic events should be quantified and be communicated to interested parties. Ⅰ. Managerial Accounting vs Financial Accounting Ⅱ. Managerial Accounting and Decision-making Management accountant has a wide range of responsibility involving professional knowledge and skill in the preparation and the presentation of information to all levels of management in the organization structure. 1. Planning (1) Strategy A business usually spends a great deal of management time and effort to develop its strategy because of its importance. Specific strategy generally included three categories: mission, goal, objective. They are based on core value. University of Washington School of Public Health (SPH) Mission: To promote population health, prevent illness, disability, and injury, and ensure efficient, effective, and equitable health care systems through education, research, and service. Goals: Educate innovative, effective, and culturally competent public health researchers, faculty, and practitioners. Advance knowledge in the public health sciences through research and discovery. Contribute to sound public health policies and increase the recognition of the importance of public health through dissemination and community collaboration. Objectives a.