ADMS 2510 Lecture Notes - Six Sigma, Enterprise Risk Management, Lean Manufacturing

37 views2 pages

pearimpala756

30 May 2012

School

York University

Department

Administrative Studies

Course

ADMS 2510

Professor

John Parkinson

For unlimited access to Class Notes, a Class+ subscription is required.

elihung and 39236 others unlocked

ADMS 2510 Full Course Notes

Verified Note

12 documents

Document Summary

Managers plan , direct and go through control process. Managerial accounting focuses mainly on planning and controlling. If it doesn"t , then you go back to planning and see what needs to be changed to improve the performance. You have to have a big picture of what the organization has to do. Business plans set the tone for all activities that are set to happen in the organizational future, helps set guidelines for evaluation of performance. Decentralization- where power is distributed among a number of person, decision makers are usually located at the operational level. Centralization where power is distributed among one or few persons, decisions take place at the top. Line managers- deals with making things and providing services to the customers. Staff relationship are managers who assist with projects and activities. Professional accountants are required to follow the ethical rules and guidelines.

Related Questions

1.________ is the field of accounting that develops informationfor external parties such as stockholders, suppliers, banks andgovernmental regulatory bodies.

A) Auditing

B) Internal auditing

C) Management accounting

D) Financial accounting

Answer:

Financial reports prepared by financial accountants focus on________. Financial reports prepared by management accountantsfocus on ________

A) segments of the organization such as departments anddivisions; segments of the organization such as departments anddivisions

B) the organization as a whole; the organization as a whole

C) the organization as a whole; segments of the organizationsuch as departments and divisions

D) segments of the organization such as departments anddivisions; the organization as a whole

Answer:

What are accounting systems?

A) The process used to streamline production processes

B) The process used to generate performance measures

C) Formal mechanisms for gathering, organizing and communicatinginformation about an organization's activities

D) none of the above

Answer:

A(n) ________ is a review to determine whether the policies andprocedures specified by top management have been implemented bylower managers.

A) management audit

B) internal audit

C) internal control

D) internal accounting control

Answer:

A budget ________.

A) is a quantitative expression of a plan of action

B) provides feedback by comparing actual results with plannedresults

C) includes deviations from planned results

D) ignores areas that are presumed to be running smoothly

rosemouse550

In your Financial Management: Theory and Practice text,complete the mini case on page 133. Evaluate theimplications of accounting and financial information in measuringand projecting organizational performance and motivating andcontrolling the firm's management. Analyze ways in which leadersand managers make decisions using accounting and financialdata.

blackgrasshopper972

15. What do we call the responsibility of identifying the numbers and types of employees the organization will require to meet its objectives? a) Human capital allocation b) Workforce planning c) High-performance planning d) Performance management e) None of the above

ADMS 2510 Lecture Notes - Six Sigma, Enterprise Risk Management, Lean Manufacturing

ADMS 2510 Full Course Notes

Document Summary

Get access

Related Documents

ADMS 2510 Chapter Notes - Chapter 1: Six Sigma, Enterprise Risk Management, Finished Good

ADMS 2510 Chapter Notes - Chapter 1: Management Accounting, Financial Accounting, Operational Excellence

ADMS 2510 Lecture Notes - Lecture 1: Td Canada Trust, Management Accounting, Financial Accounting

Related Questions