Introduction to cost and management accounting in a global business environment

Introduction to cost and management accounting in a global business environment

Date

2000

Description

LEARNING OBJECTIVES After completing this chapter, you should be able to answer the following questions: 1.How do financial and management accounting relate to each other? 2.How does cost accounting relate to financial and management accounting? 3.What is the role of a code of ethics in guiding the behaviors of an organization’s global workforce? 4.What factors have influenced the globalization of businesses and why have these factors been significant? 5.What are the primary factors and constraints that influence an organization’s strategy and why are these factors important? 6.How does an organization’s competitive environment impact its strategy and how might an organization respond to competition? 7.How does the accounting function impact an organization’s ability to successfully achieve its strategic goals and objectives? 8.Why is a company segment’s mission affected by product life cycle? 9.What is the value chain and why is it important in managing a business?