Management Accounting Research Paper Example | Topics and Well Written Essays - 1250 words

Management Accounting - Research Paper Example The intention of this study is management accounting as the process of generating reports that enable managers to assess how the company is performing in relation to competitors. By contrast, financial accounting provides reports for external stakeholders such as the shareholders. Financial accounting reports are also prepared according to the generally accepted accounting principles. However such rules are not applicable to management accounting. Thus a management accountant can apply his own discretion in preparing the required report. Management accounting is defined on the basis of several assumptions. The first assumption is related to the goal of management accounting. The goal of management accounting is to assist the management in maximizing the net profit of the company. The second assumption is that the management is able to control the success of the company to some extent so that its performance is not completely dependent upon market forces. The role of management is to apply planning and control to impact upon organizational performance. Management accounting is defined based upon the assumption that it is meant to provide a set of decision making tools that the management will apply to enhance organizational performance. As mentioned before, the role of management is to apply planning and control. Planning and control can be applied in marketing, production or finance. Therefore the definition of management accounting must include decision making in marketing, production and finance. ... As mentioned before, the role of management is to apply planning and control. Planning and control can be applied in marketing, production or finance (Lillis & Mundy, 2005). Therefore the definition of management accounting must include decision making in marketing, production and finance. Management accounting derives its definition also from the assumptions that the management makes about the accounting department. The management expects the accounting department to provide data that will assist in marketing, production and financial decision making. Finally, management accounting must be defined based upon the assumption that accounting information must be customized to the decision making tool involved. Sometimes this involves defining the nature of the accounting information according to fixed and variable costs (Emsley, 2005). Management accounting as a process must incorporate all these assumptions. The sources of management accounting data can be both external and internal. T he role of management is to apply planning and control techniques in influencing the organizational performance. To meet this objective, the management must access data from both the internal environment and the external environment. Management accounting data from the internal environment enables the management to assess the organizational performance. The data from the external environment, such as the data on competitors and demand, enable the management to compare organizational performance with market performance. Thus these sources of data enable the management to understand whether the company is performing above or below the market average. As mentioned before, one of the assumptions

The Status Of Afro-Americans At The Turn Of The 20th Century Essay

The Status Of Afro-Americans At The Turn Of The 20th Century - Essay Example At the turn of the twentieth century, despite equal rights as citizens, the Afro-American community ( 95 % of which was in the Southern States), faced a sharp economic and political divide. (Kelley & Lewis 347). As the sharecropping community of African American farmers were gradually pushed out by white farmers, a phenomenon of urban migration began to the cities of the North – New York, Philadelphia and Chicago (the Great Migration 1916-17). A new trend began in American society, that of racial segregation into ghettos. (Kelley & Lewis 356). Meanwhile as lynchings in the South continued well into the first few decades, racial violence spread into the cities too with organizations like the Ku Klux Klan infiltrating the northern cities. The events and trends that signalled a change from the 1900's onwards was an increased impetus for community building for Afro-Americans : churches, businesses, schools, clubs and lodges (Kelley & Lewis 366). The Church in particular became an important part of Afro-American community life, and the focus for political activism and intellectual leadership that would proliferate over the coming decades. The other important phenomenon was the growth of the Afro-American women's club movement, as the ranks of the National Association of Colored women (NACW) grew to 100,000 by 1920 from only 5,000 in the late 1890's. (Kelley & Lewis 369).