Download Cost Management: Accounting and Control by Don R.(Don R. Hansen) Hansen, Maryanne M. Mowen PDF

By Don R.(Don R. Hansen) Hansen, Maryanne M. Mowen

Rate ACCOUNTING emphasizes that altering stipulations frequently require a metamorphosis in fee administration platforms. Emphasizing this aspect stresses the dynamic and fascinating nature of the sector. through taking a platforms procedure -- one who first covers functional-based expense and keep watch over after which activity-based rate platforms -- scholars know how to appreciate and deal with any rate administration approach.

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2. Identify the current factors affecting cost management. 3. Discuss the importance of the accounting system for internal and external reporting. 4. Discuss the need for today’s cost accountant to acquire cross-functional expertise. • • © PHOTODISC GREEN/GETTY IMAGES • • • • • • • • • • • • • • 1 R E T 5. Describe how management accountants function within an organization. 6. Understand the importance of ethical behavior for management accountants. 7. Identify the three forms of certification available to internal accountants.

From 1998 to 2003, the “exceptional” and “very good” responses on customer satisfaction surveys increased by more than 23 percent. On-time delivery of maintenance services was about 95 percent. For one program, the turn-around time was about three days for AS, while its competitors were taking up to 40 days for the same services. As a consequence of the improved quality, AS more than doubled its revenues from 1999 to 2003 (especially impressive given that the market growth was flat during this period).

Benefits of Ethical Behavior Attention to business ethics can bring significant benefits to a company. Companies with a strong code of ethics can create strong customer and employee loyalty. Observing 5. As defined in P. B. B. Turney and B. Anderson, “Accounting for Continuous Improvement,” Sloan Management Review (Winter 1989): 37–47. 6. htm as of May 10, 2004. Part 1 Foundation Concepts ethical practices now can avoid later litigation costs. Companies in business for the long term find that it pays to treat all of their constituents honestly and fairly.

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