CHAPTER 1 1.0 INTRODUCTION Today, managerial accounting plays an important role in many organizations. Managerial accounting is an alternative term for management accounting which defined as the procedure of preparing management accounts that provide precise and timely key financial and statistical information to make day-to-day and short term decisions by the managers in the organizations (BusinessDictionary.com, 2015). A crucial role of managerial accounting is to deliver economic and financial information for managers and other internal users in making decisions as well as add value to an organization. (Siegel, 2015) states that adding value to organization means assisting managers operate the business by providing significant information for business decisions, explaining how the information affects the decision, and participating in the decision making process. In other words, the question on how managerial accounting add value to an organization can be refer to on how does by making management accounts can help managers run the business mainly during the decision making process.
Introduction To develop a data warehouse, business requirement is one of the main factors. Business users like executive managers, business analysts require information for business decision and analysis purpose. To analyse or measure a particular fact, business dimensions are required. Suppose to analyse sales of a company, time, product, location, customer demographics are required. Time, product, location, customer demographics are called business dimensions.
1. Explain to Mrs. Wen what CRM is and how CRM is different from traditional marketing. Customer Relationship Management (CRM) is a term that refers to practices, technologies, and strategies that organizations use to oversee and analyze customer interaction and information. This is done through use of the consumers’ lifecycles, with the objectives of enhancing business relationships with customers, helping with customer retention, and increasing profitability. It is basically a system created by the company to interact with its customers effectively and efficiently.
1. INTRODUCTION Data Warehousing is a set of decision support technologies, which allows executives, managers, and analysts to make informed decisions, thereby better and faster. It provides basic planning tools for businessman and his workers organize, understand and use their data to make accurate decisions. Data Warehouse is a database used for analysis and to make reports in a business. It is known to be the database that is maintained individually from the company’s operational database.
Management Accounting Practices of the easyJet plc Introduction The main objective of the paper to explain the accounting practices of easyJet plc. The paper will explain the summary of the company including its business activities, along with the management accounting information that helps managers of business. Examples of types of information will need to be responding. Furthermore, the paper will evaluate the budgeting, variance analysis, and activity based information, which is used within the company. Moreover, the recommendation of decisions must be applied by the managers of company with respect to factors of management accounting.
Conclusion The use of metrics in business as a computable quantify helps an organization to examine, follow and evaluate the accomplishments and dissatisfactions of the organization. The implementation of business metrics allows the company to manage their expenses as they communicate their advancement towards their goals and
INTERNAL SCANNING : ORGANIZATIONAL ANALYSIS Core and distinctive competencies Resources are an asset of organization and are thus the basic building blocks of the organization. Its include tangible assets, such as plant, equipment, and location, human assets (the number of employees, their skills and motivation), and intangible assets (such as technology-such as patent and copyright). Capabilities is a corporation’s ability to exploit their available resources. Its consists of the business processes and routines that manage the interaction among resources to turn all the inputs into outputs. For examples, distribution channel and salespeople.
INTRODUCTION: The summation of activities that a business expects to carry out in order to attain longstanding objectives can be defined as organizational strategy. Combined, these activities forms a business’s strategic plan. Strategic plans are developed by various level of management. Superior organizational strategy are generated by the top level management whereas the middle level management and lower level management of the company implements objectives and strategies to accomplish the complete strategy gradually. Based on the mission of the business the organizational strategies are put into words.
MANAGEMENT INFORMATION SYSTEM 1. Management information system is an organized portfolio of a precise system for getting, processing, and giving information in anchor of the business operations and management of an organization. Types of Management system that is able to employ competitive advantage: • Transaction processing system for operational data processing that is desired, for example, to register consumer orders and to outturn invoices and payroll. • Management reporting systems competent of making reports for limited time periods, designed for managers culpable for limited functions in a firm. • Decision support system expressly designed for the support of individual and conjoint decision making.
The findings of this study that the succession planning and talent analytics are the foundation of talent intelligence. The talent analytics is the basis of people’s decision. Phillips, Deborah (2014) proposed talent management to drive the business performance. It concluded that the development of an integrated talent management approach in the organization that impact on the business performance. It provides information particularly on job fit and leadership and highlights the potential employees.Bussey, Cathy (2009) described the HR department to maintain the knowledge and skills of the employees.