At the crossroads; are management accountants marching toward inevitable decline because of outmoded techniques?
Article Abstract:
The definition of management accounting given by the National Association of Accountants includes every phase of running a business - such as identifying, accumulating and measuring financial information, as will as interpreting it and communicating it to concerned parties though reports and other means. Since accountants are involved in so many aspects of a business, care must be taken to use the accounting tools available as efficiently as possible. Adequate information processing systems are needed to extract the needed data from that which is superfluous. Dr. Moshe Eliyahu, a physicist from Israel, has devised a Optimized Productivity Technology system (OPT). First construct a model of the manufacturing environment, describing how a product is made, its interrelationships, and resource competition. Optimized schedules are set up using production requirement and available manufacturing resources bottleneck resources and can schedule both critical and noncritical resources. This method is not really new but uses techniques that have often been written about in management accounting literature for some time. It is merely a way of identifying the proper use of available tools.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1985
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Manufacturing Control and Information System
Article Abstract:
The Manufacturing Control and Information System, a software package from Thornapple Software Inc., allows manufacturers to control inventory levels, route bills of material and parts, and determine the components of a product's cost, using an IBM PC XT or AT. The software is menu-driven, easy to install and use, priced at less than $1,000, and consists of eight separate nodules related to inventory control, process routings, product costing, purchase controls, shop floor controls, customer order entry, and expense controls. The software operates on MS-DOS, requires a floppy disk drive, 10Mbytes of hard disk memory, 512Kbytes of operating memory, and a 132-position printer.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1986
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Can you evaluate your R & D spending?
Article Abstract:
Business success today demands increased expenditures on industrial research and development, especially in the areas affecting product development and new product marketing. R & D efforts have produced concern in management because of accountants' seeming inability to provide accurate assessments of the amount of funding required by specific R & D projects. One way of accurately projecting R & D expenses and accounting therefor involves the definition of R & D objectives and the R & D portfolio, along with the development of a detailed long-range plan. The resultant matrix can be also used for strategic planning and analysis of the risks involved in R & D investments.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1986
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