Sign In
Not register? Register Now!
Essay Available:
Pages:
1 page/≈275 words
Sources:
3 Sources
Level:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

ACC501 Assignment: Accounting for Decision Making (Essay Sample)

Instructions:

The Institute of Management Accountants (IMA) has a series of YouTube Videos on Trends in Management Accounting. We will review and discuss some of these trends to learn about developments in this field for discussions in this course.Listen to the following two videos in the IMA series: Required:Comment and expand on a topic discussed in the videos and provide a real world example from the news or your own experience.Presence during both weeks of the module and a minimum of three postings are expected, one original posting and two responses to colleagues. Minimum required participation does not guarantee a perfect score.ALL RIGHTS RESERVED CONTENT7 Trends in Management Accounting - Introduction. Authored by: IMA. Located at:https://www(dot)youtube(dot)com/watch?v=gRyW2_Ay2Cw. License: All Rights Reserved. License Terms: Standard YouTube License7 Trends in Management Accounting – Trend 1. Authored by: IMA. Located at:https://www(dot)youtube(dot)com/watch?v=gRyW2_Ay2Cw. License: All Rights Reserved. License Terms: Standard YouTube License

source..
Content:


Trends in Management Accounting
Name
Institution
Trends in Management Accounting
In management accounting, as revealed in the YouTube videos, there has been a shift from product to channel and customer profitability analysis. This shift has been facilitated by the diverse nature of customers whereby some are low-demand and others are high-demand (Cokins, 2016). Thus, managing customer profitability has become an essential part of management accounting and it requires being more customer-oriented. It is the only way in which the less-profitable customers can be made more profitable. In addition, more value can be added to the more-profitable customers, thus, the importance of customer profitability analysis. This shift, however, requires the accounting function to be reorganized (Islambegovic & Gadzo, 2015). In addition, customer relationship management (CRM) models should also be fully utilized to aid in this shift, thereby increasing organizational financial performance.
A real-world example of this shift

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

You Might Also Like Other Topics Related to time management:

  • Macroprocesses: Information Technology, IT
    Description: Of the three macroprocesses in a firm, one process is the most important. Comment on the previous statement or comment if you think otherwise....
    1 page/≈275 words | 2 Sources | APA | Management | Essay |
  • Evidence Activity: Conflict Management
    Description: Negotiation techniques and conflict management help to enhance mutual respect and trust since there is focus on mutual goals and shared interests....
    2 pages/≈550 words | 6 Sources | APA | Management | Essay |
  • EOH Case 4 Solid Waste Disposal and Management Health, Medicine Essay
    Description: Population growth, rapid urbanization, legislation, and affluence have made solid waste management a severe issue today. Several landfills across the US are within 5-10 years of closing unless the authorities both state and local expand the existing landfills, open new ones, or find alternative methods...
    2 pages/≈550 words | 2 Sources | APA | Health, Medicine, Nursing | Essay |
HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!