...com OBJECTIVES, AMBITIONS AND ASPIRATIONS ❖ To pass all the exams in November 2011 and May 2012 leading to qualification as a Chartered Management Accountant by December 2012 with the Chartered Institute of Management Accountants (CIMA). ❖ To be a Leader and drive positive change, enhance efficiency, effectiveness and productive use of organisational resources in the quest to increase profitability and return on investment to owners of organisations. ❖ To uphold ethics in execution of my professional duties and in my social affairs. EDUCATIONAL HISTORY Qualifications in progress, to complete in November & December 2011 examinations ❖ Advanced Diploma In Management Accounting - CIMA (to complete May 2012) ❖ Diploma in Management Accounting – CIMA (also to complete in May 2012) Completed Qualifications ❖ Certified Accounting Technician (NQF 5) - ACCA ❖ Certificate in Business Accounting (NQF 5) - CIMA EMPLOYMENT HISTORY Urban Genesis Management January 2012 to Current Revenue and Debtors Controller- CID Management Finance ❖ Supervise and Manage Revenue collection department(staff complement of 3 people) ❖ Run, analyse and interpret monthly debtors and revenue collection reports( Debtors and Management Accounts) ❖ Assist CID Managers with presentation of Management Accounts at the Quarterly Board Meetings ❖ Supervise the CID procument and payment processes, makes follow ups and verify that expenses are legitimate...
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...UNIVERSITY OF JOS FACULTY OF MANAGEMENT SCIENCES DEPARTMENT OF ACCOUNTING MASTERS IN ACCOUNTING AND FINANCE (M.Sc) ACC 512 – ADVANCED MANAGEMENT ACCOUNTING “ENVIRONMENTAL MANAGEMENT ACCOUNTING AS A STRATEGY FOR CORPORATE SUVIVIAL” PRESENTED TO THE COURSE LECTURER – PASTOR j a OLOREDE BY; OLUMIDE ABISOYE OLOWOKURE PGSS/UJ/00083/10 Introduction Environmental accounting is a broader term that relates to the provision of information on environmental-performance to different stakeholders both within, and outside, an organization. The United States Environment Protection Agency (US EPA) sees the main function of environmental accounting as that of bringing environmental costs to the attention of corporate stakeholders who may be able and motivated to identify ways of reducing or avoiding those costs while at the same time improving environmental quality. Environmental accounting has three major aspects. 1. National Income accounting, which addresses the environmental accounting need of the nation and it’s external in nature. It is basically the micro economic measure which may use for instance physical or monetary units to refer to the consumption of the nation’s natural resources. 2. Financial accounting which addresses the environmental accounting needs of the firm this is also external in nature. This may simply be the estimation and public reporting of environmental liabilities and financial material environmental...
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...MBA Accounting for Managers Fall 2015 Course Syllabus Faculty Jasmine Hsu Faculty Contact Details jhsu@jgu.edu.in Class Time and Venue as per the programme time table Course Description The goal of this course is to help you understand the role and application of accounting information in business and learn how managers can use external and internal accounting information for decision-making. This course aims to provide an overview of key principles and concepts in financial accounting and managerial accounting. Specific topics include: components of financial statements; financial statements analysis; product costing; costvolume-profit analysis; and budgeting. Course Objectives After completion of the course, you should be able to: Understand the roles of financial accounting (external) and managerial accounting (internal) Analyze financial reports, specifically the balance sheet, statement of profit and loss and statement of cash flow. Identify and apply key financial ratios to financial statement analysis. Identify and apply basic elements of cost concepts, product costing and cost-volumeprofit (CVP) analysis to management decision-making process. Understand key considerations during the budgeting process and budgetary control. Course Materials Narayanswami (2014): “Financial Accounting: A Managerial Perspective”, Prentice-Hall Pvt Ltd., 5th edition, New Delhi (FA) Jiambalvo (2013):” Managerial Accounting”, Wiley India, 5th...
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...------------------------------------------------- Management accounting From Wikipedia, the free encyclopedia | This article contains wording that promotes the subject in a subjective manner without imparting real information.Please remove or replace such wording and instead of making proclamations about a subject's importance, use facts and attribution to demonstrate that importance. (February 2012) | Accounting | | * Historical cost accounting * Constant purchasing power accounting * Management accounting * Tax accounting | Major types of accounting[show] | Auditing[show] | People and organizations[show] | Development[show] | Business portal | * v * t * e | In Management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions. Contents [hide] * 1 Definition * 2 Scope, practice, and application * 3 Differences between financial accountancy and management accounting * 4 Traditional vs. innovative practices * 5 Role within a corporation * 6 Specific methodologies * 6.1 Activity-based costing (ABC) * 6.2 Grenzplankostenrechnung (GPK) * 6.3 Lean accounting (accounting for lean enterprise) * 6.4 Resource consumption accounting (RCA) * 6.5 Throughput accounting * 6.6 Transfer pricing * 7 Resources...
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...RSM 322 2015 F -2016W | Case Writing Guidance and Detailed Syllabus | D.L. Losell | Table of Contents 1. Required Reading for Topics page 2 2. Cases for Presentation page 4 3. How to prepare a case page 5 4. How to present a case page 9 5. How a case will be evaluated page 11 6. Note on use of historical hindsight page 12 RSM 322 Required Reading for Topics A. Review of the syllabus, responsibility centers and an introduction to case analysis Chapter 5 Part A :Responsibility Accounting E book reading: Sample case – BW Manufacturing company Case Writing Package 2015/16 ( See course web page) B. Introduction to Case Analysis, the importance of cash flow and income, and the relationship between strategy and cost management Chapter 4: Organizational Architecture E Book Readings #1 Cash Budgeting/ Cash management #2 Statement of Cash Flows #3 Note on Cash Flow Statement Handout # 1 on Strategy C Control in an Engineered Cost Centre Chapter 14 : Part A Management Accounting in a Changing Environment, Integrative Framework Chapter 14 Part B Organizational Innovations and Managerial Accounting, Sections 1 – 3 (TQM, JIT ) Handout #2 on Variance Analysis ( Mix and Yield variances) Handout #3 on Theory of Constraints and Tach Time ...
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...Q1. (a) “Managerial accounting is a field of accounting that provides economic information for all interested parties.” Do you agree? Explain. No, I don’t. Managerial accounting provides economic and financial information for managers and other internal users but not for all interested parties. (b) Joe Delong believes that managerial accounting serves only manufacturing firms. Is Joe correct? No, he isn’t. Managerial accounting can be serves to all kind of business for making a decision, so it has not necessary to serve only manufacturing firms. Q2. Distinguish between managerial and financial accounting as to (a) primary users of reports, (b) types and frequency of reports, and (c) purpose of reports. The primary users of managerial accounting are managers and officers. The reports usually come out as frequent as needed. Their purposes are for making specific goals. On the other hand, the users of financial accounting are stockholders, creditors, and regulators. The reports usually come out quarterly and annually. Their purposes are usually generally. Q3. How do the content of reports and the verification of reports differ between managerial and financial accounting. The content of reports of the managerial accounting pertains to subunits of the business, and they are very detailed. The content extends beyond double-entry accounting to any relevant data, and the standard is relevance to decisions. The content usually has no independent audits. On the other hand,...
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...79 5092171 Amman – Jordan 6. Education: Institution | Degree(s) or Diploma(s) obtained | 1) Alzaem Alazhari University | PHD in Accounting (Pending) | 2) AABFS | Master of Financial Management | 3) IMA | CMA (Certified Management Accountant) | 4) IHRAM | CHRE (Certified Human Resources Expert) | 5) American Society for Training of Trainers | CPT (Certified Professional Trainer) | 7. Language skills Language | Reading | Speaking | Writing | English | Fluent | Fluent | Fluent | Arabic | Native | Native | Native | 5. Other skills Computer Skills , Perfect Analytical Skill & Presentation Skills 6. Present position : Independent free lancer 7. Specific experience in the region: Country | Date from - Date to | Jordan | 2006 - 2014 | Qatar | 2014 | Oman | 2014 | Bahrain | 2011 - 2013 | Iraq | 2013 | KSA | 2013 | Turkey | 2012 | Egypt | 2010 | Morocco | 2011 | 8. . Professional experience record: Date fromDate to | Location | Corporate | Position | Description | 2013 | Iraq | University Of Jordan | Training Assessment | * recruit, interview and complete an initial assessment of learners * oversee the effective co-ordination, delivery and deployment of integrated programs of competence based training * provide instruction, guidance and support to learners * assess candidates performance against agreed standards * co-ordinate internal verification process, implementing...
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...Contingency theory is perceived by some scholars as a fragmentation of various ideals patched together into a theory of management accounting, nevertheless, it should be recognised that it provides a wealth of knowledge into contemporary management accounting practices. Contingency theory provides enhanced information to the individual which ultimately improves decision making and assists in achieving organisational objectives (Hamas and Lääts, 2002, p. 379). This theory has invaluably provided research evidence that are attributable to contemporary management accounting knowledge and designs. It has provided a profound method to adjust to ever changing external environments and the need for changes in internal factors (Otley, 1980, p. 413). Strengths of contingency theory style research Challenging the criticisms of contingency theory for being fragmentary and contradictory due to its methodological limitations, it is the failure of critiques in realising the many different forms of management accounting designs under the contingency approach and the relationships between those design which have perpetuated this idea (Gerdin and Greves, 2004, p.303). Attention should be shifted to the concepts under which contingency theory has been applied. Contingency theory in its simplest form highlights that an organisation’s structure is conditional upon contextual factors such as environment, strategy and size. One of its key strengths is a congruence approach that it represents...
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...Cost & Management Accounting Reporting System -Necessity, Role & Control Framework: An Analysis Management & Cost Accounting Reporting Systems are interwoven in the management processes of all well managed organizations across the globe. The necessity of such reporting systems is going to increase in future as the market-place become highly competitive and organization functions become more complicated and inter-twined. This fact also brings to fore the necessity of a common control framework to monitor this system so that it can contribute effectively and efficiently to the pre-determined organizational goals. What is Cost & Management Accounting Reporting Systems? Cost Accounting Reporting System deals with the process of tracking, measuring, recording and classifying the appropriate allocation of expenditure (financial and non-financial) for the determination of the cost of product or service in an organization and for the presentation of suitably arranged data for the purpose of control and guidance of management ( Horngren et al, 2010). Costs are measured in terms of Direct Costs, Indirect Costs and Overhead / Absorbed Costs. Managers use cost accounting to support decision making to reduce a company's costs of products and services and improve its profitability. Management Accounting Reporting System is concerned with the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of financial and non-financial...
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... 21 - 23 References and Bibliography: 24 - 25 Environmental Management Accounting (EMA) versus Environmental Financial Accounting (EFA): If so, what is the significance of knowing the better accounting method to use when identifying environmental cost? It has become indispensable for companies to increase their responsibility regarding all facets of the environment and to acclimatize existing practices to cause limited environmental impairment; more especially at this present time when stakeholders linger ‘bitterly’ about how corporate failure have influence organization’s environmental performance and measurement issues. Yoking this emergent obligation within the corporate sector is consequently a strategic component in any strategy for accomplishing the goal of sustainable development; and evaluating the viability of such a strategy requires both the resolution of scientific and manufacturing problems; and also the attention of how organization’s account for environmental cost to demonstrate their corporate social responsibilities. The Environmental Management Accounting (EMA) and the Environmental Financial Accounting (EFA) are the two mainstream accounting approaches that have allowed an upsurge in the demand for relevant information to augment...
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...Goal: Seek to grow in the field of accounting by gaining knowledge of the ongoing changes in the accounting environment. The master’s course in accounting shall further help me reach my goal to become a CPA. Statement of objective: After more than 6 year's full time work experience in the field of accounting with various reputed firms like XYZ, ABC, PQR and a little over 2 years of volunteering experience with a CPA firm in accounting, I want to return to academic study and undertake graduate studies in masters of accountancy to broaden my scope in this field. After graduating with a first class degree in Masters of Accounting from University of XX, I felt I should gain some practical experience working in an accounting environment to gain first-hand knowledge. I have loved every minute of my work: especially the opportunity to participate in projects involving fund accounting for new product and discuss solutions with the verticals across the department in different parts of the world. I soon realized that, although I enjoy handling the complex projects involving new products, I am not going to be satisfied with carrying out routine procedures under the direction of others. I want to be part of the team that directs the course of the project. My senior colleagues have encouraged my ambition and feel that I have the potential for continuing my graduate studies. My love for accounting started during high school. My dad who was an accountant inspired me and it was he who helped...
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...ACCOUNTING AND THE GERMAN CULTURE March 18, 2009 TABLE OF CONTENTS INTRODUCTION 1 REVIEW OF LITERATURE 1 ANALYSIS 2 CONCLUSIONS AND RECOMMENDATIONS 7 LIST OF REFERENCES 8 INTRODUCTION Grenzplankostenrechnung (GPK) is a German-based costing methodology that was developed in the late 1940's and 1950's. GPK is credited to an automotive engineer, Hans George Plaut, and an academic, Wolfgang Kilger. They worked together to identify and deliver a comprehensive methodology to give exact and improve cost accounting information. It is designed to provide a consistent and accurate application of managerial costs that are calculated and assigned to a product or service (Cooper and Kaplan, 1998). GPK has been the staple accounting method used in German-speaking countries for many years now. Is it actually better than the United States traditional accounting management style? REVIEW OF LITERATURE GPKs definition by United States standards is flexible margin costing system. Flexible margin costing, or GPK, is a cost accounting system used by many companies in German-speaking countries and is taught at German universities. It has proven it validity through its ability to give accurate, quick information about companies' financial position. GPK uses marginal costing instead of full costing. It helps to make short-term decision that lead to long-term plans for the organization. They form cost centers instead of activities and processes (Adkins, 2006). ...
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...What is a report? A report ‘reports’ on something in a concise, formal way using clearly defined sections presented in a standard format, which tell the reader what you did, why and how you did it and what you found. It is the formal writing up of a practical experiment, project or research investigation. A report is written in a way which presumes that the reader knows nothing about your experiment or research. It is usually written more concisely than an essay, with headings and sub-headings and perhaps bullet-point recommendations, etc. A research report must be written in sufficient detail so that someone reading it would be able to replicate your research exactly. It usually contains arguments and critical evaluation to support a proposed course of action, or to evaluate a business issue. BEFORE YOU START WRITING… • Firstly, check with your lecturer and the module handbook for precise instructions, i.e. the prescribed report structure, word count, deadline. All UHBS reports are module and assignment specific, so this guide only gives a very general idea of structure and content. • Be very detail minded. All UHBS reports will require accurate referencing, good clear English, professional presentation, i.e. clear structure, coherent, free of spelling, grammatical and punctuation errors. • If you are compiling a group report, assign roles. One person in the group could be assigned the role of ‘editor’ to finally ensure the report is put together...
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...(2001). Many companies are realizing the effect Supply Chain Management is having with bottom line consumers. This paper will examine how management accounting is becoming a large part of Supply Chain Management. First, supply chain management, management accounting and cost management will be defined. Second, supply chain management will be discussed in regard to its developing relationship with management accounting and cost management. Third this relationship will be further examined including supplier relationships and the trend of adding management accountants to multifunctional teams. Definitions By definition supply chain management is “the strategic management process, unifying the systematic planning and control of all technologies, materials and services, from identification of need by the ultimate customer. It encompasses planning, designing, purchasing, production, inventory control, storage handling, distribution, logistics and quality. The objectives are to optimize performance in meeting agreed customer service requirements, minimizing cost, while optimizing the use of all resources throughout the entire supply chain,” Clinton (2004). Talha, Raja & Seetharaman (2010) define management accounting as a process of providing financial and non-financial information to managers who need information for planning and controlling either short or long term decisions at all levels of management from senior managers to shop floor supervisors....
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...Critical Analysis of a Research Paper Towards an integrated contingency framework for MAS sophistication Case studies on the scope of accounting instruments in Dutch power and gas companies By Sandra Tillema Title The title suggests that the article will give guidance towards a contingency framework for MAS sophistication. The Contingency framework states that there is no one right way to manage an organisation, so the part “towards integrated [...] framework” with the word “contingency” seems like a paradox. We feel that we might not have chosen this article if we were looking at the title only because it seemingly contradicts itself. The group agreed that the title is quite long. We have analysed it by defining the main words of which we used the Macmillan Dictionary (2002) (See appendix B). After understanding the words and theory explanation, the title became quite easy to understand. Abstract and Introduction We feel that the abstract provides concise and simple information. It is a good explanation and expansion of the title. We have chosen this article because it can be easily understood. The abstract states that many companies are being convinced to implement newly developed management accounting systems and also comments on its inappropriateness. The author states the reason for this is due to the contingency theory perspective. She also highlights that this article is based on the cases of two power and gas companies. The introduction...
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