Chapter 1: The Accountant's Role in the Organization

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Chapter 1: The Accountant's Role in the Organization by Mind Map: Chapter 1: The Accountant's Role in the Organization

1. Cost accounting

2. Management Accounting

2.1. Functions

2.1.1. Problem-Solving

2.1.2. Attention-Directing

2.1.3. Scorekeeping

2.2. CIMA

2.2.1. Definition of Management Accounting

3. Financial Accounting

4. Differences between Management and Financial Accounting

4.1. Regulations

4.2. Range and Detail of Information

4.3. Reporting Interval

4.4. Time Period

5. How Accounting Facilitates Planning and Control

5.1. Management by Exception

5.2. Variance

5.3. Control

5.4. Planning

5.5. Budget

6. Accounting Systems

6.1. Five Functions of Accounting Systems

6.1.1. 1. Formulating Overall Strategies and Long-Range Plans

6.1.2. 2. Resource Allocation Decisions such as Product and Customer Emphasis and Pricing.

6.1.3. 3. Cost Planning and Cost Control of Operations and Activities

6.1.4. 4. Performance Measurement and Evaluation of People

6.1.5. 5. Meeting External Regulatory and Legal Reporting Requirements Where They Exist

6.2. 4 Themes in the design of management accounting systems

6.2.1. Customer Focus

6.2.2. Value-Chain and Supply-Chain Analysis

6.2.2.1. Value Chain

6.2.2.2. Supply Chain

6.2.3. Key Success Factors

6.2.3.1. Cost

6.2.3.2. Quality

6.2.3.3. Time

6.2.3.4. Innovation

6.2.4. Continuous improvement and benchmarking