PPT-Cost and Profit Decision-Making International Management Accounting

International Management Accounting Prof Dr Marc Beutner TH Köln 2 nd Lecture SoSe 2024 Prof Dr Marc Beutner Lehrstuhl Wirtschaftspädagogik II Prof Dr Marc Beutner Lehrstuhl Wirtschaftspädagogik II . © John Wiley & Sons Canada, Ltd.. Business Leadership: Management Fundamentals. John R. . Schermerhorn. , Jr. ., . Barry Wright, and Lorie Guest. Understand the role of . information in . the management process. Dr. . Y. İlker TOPCU. www.ilkertopcu.. net. . www.. ilkertopcu. .org. . www.. ilkertopcu. .. info. facebook.com/. yitopcu. . twitter.com/. yitopcu. instagram.com/. yitopcu. Dr. Özgür KABAK. Alyssa Candelario and Shannon Baker. What is Reasoning?. The action of thinking about something in a . r. ational and realistic way, which leads to a decision.. Two types of Reasoning. Inductive: . working . SYSTEMS. Decision Support Software. Reasons for the growth of decision-making information systems. People need to analyze large amounts of information. People must make decisions quickly. People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions. Prologue. Financial and Managerial Accounting: Seven Key Differences. Work of Management. . Planning. Decision . Making. Controlling. Planning. Establish Goals. Specify How Goals . Will Be Achieved. AP Economics. Mr. Bordelon. Profit. Profit.. . . T. otal revenue minus total cost. π means “profit.”. π = TR – TC. Total revenue.. Price of output times the quantity sold.. TR = PQ. Total cost.. Chathuri Senarath. Senior Lecturer- University of . Kelaniya. Decision makers need to understand that they operate with uncertain futuristic information which in turn is likely to make their decision risky (due to inaccurate information taken in decision making). . . . Dr . harshdev. . verma. , department of commerce , . d.d.u.gorakhpur. university . gorakhpur. . .. Introduction. Accounting is the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information.. Accounting not only records financial transactions and conveys the financial position of a business enterprise; it also analyses and reports the information in documents called “financial statements.”. Presented by. Dr. . . B. N. Shinde. Assistant Professor. Department of . Commerce. Deogiri . College, Aurangabad. Management Accounting: Introduction. Introduction. . A business enterprise must keep a systematic record of what happens from . (A) Accounting concepts.. (B) Accounting conventions.. Accounting concepts- . Accounting concepts are the fundamental assumptions on which transactions are recorded and financial statements are prepared. These concepts provide base for accounting process. While doing accounting use of these concepts are compulsory and they are not optional. More or less they are rigid and can not be changed. . PLANNING: . Steps, Importance, Components. CO ORDINATION: . Importance. MANAGEMENT BY OBJECTIVES: . Advantages, MBE. MANAGEMENT INFORMATION SYSTEM: . Concept, Components. DECISION MAKING: . Techniques, Essentials, Impact Of Technology On Decision Making. . INTRODUCTION. ACCOUNTING. . accounting is wider term and includes recording, classifying and summarizing of business transactions in terms of money, preparation of financial reports and analysis and interpretation of these reports for the... Outputs. Processes. Inputs. Economic Events. Collecting. Measuring. Storing. Analyzing. Reporting. Managing. Special Reports. Product Costs. Customer Costs. Budgets. Performance Reports. Personal Communication.