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Mt435-01 Operations Management

In: Business and Management

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Quality Management and Lean Systems

MT435-01 Operations Management
Professor: Cuneyt Altinoz
September 7, 2014

Quality Management and Lean Systems Managerial accounting can provide and prepare economic and financial information for manager and internal users (Weygandt, Kimmel, & Kieso, 2012). This paper will reflect some of the key concepts and topics and how this course has affected my personal, professional, and academic development perceptions, in which have provided a better understanding and confidence in today’s account for a small or large business organization. The course has provided many key concepts and topics to review and some of the concepts to have impact my learning and open my eyes to small and big business accounting practices such as the differences in account of the planning, directing, and controlling. The breakdown of those functions has helped with the understanding of how accounting is directed by the management teams of a small or large organization. The other key concepts and topics discussed throughout the term and I was able to recognize was the use of the cost-volume-profit analysis formulas to show the health of an organization from a small to large budgetary planning to see your spending habit. The statements of cash flow for the showing of where you or your organization is using funds for development of products such as material and manufacturing. The financial statements to review with the stakeholders and other invested in a small or large organization. The formulas of the horizontal to vertical analysis to show of the health of company’s balance sheets and the different area of ratios analysis, to keep an eye on the loss prevention and balance of the month to date or year to date costs. All of the areas of accounting processes are to keep from running of a business from a negative to a positive...

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