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Topic: Business
Number of pages / Number of words: 8 / 2061
Essay's paper body

Cost management was Reaction-based. As long as companies were making money, no body cared. The word from the song in the musical Evita captured the mood: ---------

When the times are good, costs are allowed to go out of control since there is no motivation to cut them. However come tough times, we are scampering for information and realise that we did not collect information on:

What were our defect rates and sales return rates?

What caused our quality problems?

Which market segments and customers were more profitable?

What was it costing us to introduce new products late?

What was our on-time delivery record? What was the competition's record?

However, over the last decade or two, management accounting has evolved, at least in some organisations, to support the development and implementation of strategy...


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However come tough times, we are scampering for information and realise that we did not collect information on:

What were our defect rates and sales return rates?

What caused our quality problems?

Which market segments and customers were more profitable?

What was it costing us to introduce new products late?

What was our on-time delivery record? What was the competition's record?

However, over the last decade or two, management accounting has evolved, at least in some organisations, to support the development and implementation of strategy...


Essay fragment

General points of the essay

An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management Managment Accounting, Financial Control, Management Control, Strategic Management Accounting (Sma) Trace The Development Of Strategic Human Resource Management From The Resource Based View Of The Firm. How Does The Resource Based View Of The Firm Facilitate And Inhibit The Actual Practice Of Strategic Human Resource Management. Strategic Cost Management Management Accounting - Cost Classification The FIT-Concept in Strategic Management ? An Inappropriate Idea for Companies in the 21st Century? Strategic Applications of Activity Based Management in Air Transportation strategic management accounting What is the relevance of the research-based view of the firm to strategic management in a global environment? Utilize Modelling To Develop And Use Information Systems For Management Decision Making In The Modern Times MANAGEMENT CONTROL IN A BUSINESS NETWORK: NEW CHALLENGES FOR ACCOUNTING Global Success and the Role of Strategic Steering and Management Accounting Systems Discuss the management problems facing multinational companies and companies with an international dimension in various parts of the world Responsibility Accounting And Cost Control STRATEGIC MANAGEMENT: A TOOL FOR PUBLIC MANAGEMENT?

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