Samenvatting Management Accounting HC1
Management accounting measures and reports financial and non-financial information
and helps and motivates managers to make good decisions to fulfill an organization’s goals.
Management accounting is a value-adding continuous improvement process of planning,
designing, measuring and operating both nonfinancial information systems and financial
information systems that guides management action, motivates behavior, and supports and
creates the cultural value necessary to achieve an organization’s strategic, tactical, and
Cost accounting measures and reports financial and non-financial data that relates to the
cost of acquiring or consuming resources by an organization. Management Accounting: 2 rollen
Decision influencing: Guide people towards creating value for firm
• Motivating employees: management accounting provides a selection of best alternative methods
of doing things. It motivates employees to improve their performance by setting targets and using
• Coordinating among departments: management accounting is helpful in coordinating the
departments of an organization by applying thorough functional budgeting and providing reports for
the same to the management on a regular basis.
• Controlling performance: in order to assure effective control, various techniques are used by a
management accountant such as budgetary control, standard costing, management audit, etc.
Management accounting provides a proper management control system to the management.
Reports are provided to the management regarding the effective and efficient use of resources.
-Meer strategisch, meer lange termijn en
meer niet-financieel naast financieel
-Het is niet langer te doen om de kosten of
Slides voor voorbeeld webshop. Strategic mangement accounting:
Strategic management accounting is a type of accounting that focuses not only on internal factors of
a company, but factors that are external. This includes industry-wide financials, averages and
upcoming trends. Next to costs, we
Look at market trends: what are our customers willing to pay and does our cost need to go down?
(e.g. TARGET COSTING, Chapter 12)
Look at predictors for financial results/KPI’s: E.g. Is quality of the product important for profit
margin. Does investment in CSR pay off (VALUE CHAIN ANALYSIS, TQM, JIT)
Examine what do we need to achieve on both financials and non-financials in order to realize our
strategy (Balanced scorecard, Chapter 22)
Study Risk Management: Which risk factors are we exposed to and how can we manage them?
Have a long term perspective: Not only on current profits, but what about customer life time
value, Customer profitability, Long term pricing (Chapter 12) SMA: non-financials => balanced scorecard ==>
Wat zijn kosten:
• “Resource sacrificed to achieve a given objective”
• Usually expressed in monetary terms ($, €, £, etc)
• Goal: Find out the true costs (e.g. of producing a car)
Crucial for DECISION MAKING
Part of cost = given up alternative
Also called ‘opportunity cost’
Actual versus budgeted costs
If decentralized organization structure => Responsibility centers
Different types of responsibility centers
Cost center: Accountable for costs
Revenue center: Accountable for revenues
Profit center: Accountable for revenues and costs
Investment center: Accountable for revenues, costs
and investments Choice of responsibility centers is based on the controllability principle
=keep managers/employees accountable for the items they can control
Who has the best information/knowledge to explain deviations from targets?
Not: who can we blame for deviations from targets?
Welke kosten bestaan er?
- Direct materials
- Direct labor
- Manufacturing overhead
Cost object = ‘thing’ for which cost information is needed.
Examples: Products or product lines, departments or business unit, projects or programs,
service, activity or process, customers, …. ! depends on individual situation or interest!
Cost= sum of monetary values of all resources needed to achieve the cost object = complex
Cost accumulation -> stage 1 -> bookkeeping
Cost assignment -> stage 2 -> tracing and allocating