Principles of Managerial Accounting · free preview
Trends Reshaping Managerial Accounting
Sustainability reporting, lean operations, big data analytics, and evolving technology are changing what managers measure, from purely financial results to combined financial and nonfinancial pictures of performance.
1. A widening measurement lens
A widening measurement lens
2. Sustainability and triple bottom line
Sustainability and triple bottom line
3. Lean operations and quality cost
Lean operations and quality cost
4. Big data, analytics, and the accountant's evolving identity
Big data, analytics, and the accountant's evolving identity
5. Triple bottom line
What does the triple bottom line add to managerial measurement?
6. Lean waste categories
Which lean waste does just-in-time inventory primarily attack?
7. Quality cost insight
What does quality cost measurement typically reveal?
8. Analytics skill shift
What does automation of data gathering do to the managerial accountant's role?
9. Lean waste count
Lean traditionally names seven or eight wastes, including overproduction, waiting, transport, inventory, motion, defects, and unused talent. Give the traditional count as a number.
10. JIT full name
Give the three-letter abbreviation for the inventory approach that receives materials just as production needs them.
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