This website uses cookies to ensure you have the best experience. Learn more

Cost Accounting Systems Design And Sap Learning Fr

958 words - 4 pages

The article discusses about features of the German cost accounting system and ways that company running it can exploit its capabilities. Cost accounting in Germany is different compared to that in the US, and software systems are one of the key differences The German software company, SAP, has designed a complex software system that is on its way to becoming a world standard in business software. This system is based on German cost accounting philosophy. Managerial accounting has taken a very different path in Germany than it has in the US. From the beginning, it was separated from financial accounting and organized as a stand-alone system. Although much of its data is pulled from financial ...view middle of the document...

Focusing on the practical needs of companies, Cooper and Kaplan developed the ABC method of accounting. The undiminished importances of market and customer needs are the reason for new instruments, such as customer lifetime value (CLV) or target costing. Despite all of this progress and significant changes in the competitive environment, cost accounting in Germany has not changed significantly. One empirical study found that the most important change concerning the managerial accounting system for 30 of Germany¡¦s 50 largest companies was a change in the IT platform. The cost accountants decided to broaden the spectrum of the information presented to management but not to change system philosophy or to simplify the way in which information is provided.Cost Accounting systems and the internal customer, both external and internal customers have become the focus of management attention, through such concepts as business systems reengineering and TQM. Internal customers, however, have experienced some neglect and news of this development has seemingly failed to reach the cost accountants. Most executive management has no special expertise in managerial accounting but uses financial data on a daily basis. Brooding over cost figures on a spreadsheet is not a valuable investment of executive management¡¦s time or resources. Cost accountants in organizations using SAP means that they must be aware of new priorities. They should determine how much the managers at their companies understand about the use and interpretation of cost management information. For most accountants, this is a new responsibility. An empirical study on mid-sized companies found that: (1) The more knowledgeable executives are about cost accounting, the higher they rate the quality of their cost accounting, the higher they rate the quality of their cost accounting system. The quality of the underlying data has a similarly strong positive...

Other Essays On COST ACCOUNTING SYSTEMS DESIGN AND SAP-LEARNING FR

Dead Man Walking Essay

622 words - 3 pages Icof.infobaselearning.comInfobase Learning - LoginIn-text: (Icof.infobaselearning.com, 2014)Bibliography: Icof.infobaselearning.com, (2014). Infobase Learning - Login. [online] Available at: http://icof.infobaselearning.com/articles/crime,-law,-and-justice/capital-punishment.aspx [Accessed 27 Aug. 2014].From this source I found the information regarding the certain chemicals used in the lethal injection. It was also where the I gained the

Groupware Essay

1485 words - 6 pages groupware applications and their associated design options. Comparing those design options across applications yields interesting new perspectives on well-known applications. Also, in many cases, these systems can be used together, and in fact, are intended to be used in conjunction. For example, group calendars are used to schedule videoconferencing meetings, multi-player games use live video and chat to communicate, and newsgroup discussions spawn

Simulation In Physics

447 words - 2 pages , stability, design, and a host of other concepts to students. One of the main dilemmas preventing most schools from implementing simulation in their curriculum can be the cost. Complete simulation systems consisting of a cockpit, out the window display, computer systems, and software can cost more than one hundred thousand dollars. Most of the available software packages are very computer code intensive and can be difficult for students to learn and

Dsadasfasf

2034 words - 9 pages strategic object services, or achieve differentiation, lower cost or ideally both. Different generic strategies to implement the company's resources and ability to put forward different demands, means that the organisational arrangements, control systems, innovation systems, corporate culture and leadership style differences and even conflict. Risk of "Stuck in the Middle" A company if fails to choose only one generic strategy, select more than

Learning Team Analysis Of Business Specialties

1930 words - 8 pages . We focus on improving financial systems and management analysis to improve cash flow and accurate management reporting.Cash flow can be significantly enhanced by improving business office operations, revenue management, and accounts receivable control or in-kind donation control. We partner with diverse behavioral health and human service organizations to enhance their ability to succeed. Our involvement takes many forms, but common to all is a

Service Request SR-Rm-012 Business Systems

1859 words - 8 pages Since its inception in 1991, Riordan Manufacturing has been steadily increasing in size and production capability by leading the industry with its current business model and acquisition of key manufacturing plants. Due to the company's growth, Riordan is faced with multiple accounting, manufacturing, sales, purchasing, and inventory information systems. It has become necessary for Riordan to consolidate its communication infrastructure to

Explain The Distinction Between Transaction Costs And Other Costs That Occur In Economic Systems

2839 words - 12 pages information, negotiation, and enforcement.Furubon, Eirik G and Rudolf Richer,1997Distinction compared by production cost is transaction costs is associated with making exchange or "indirect" production expenses, e.g. cost of management monitoring and administration, cost of research, marketing, accounting, maintenance and service of customers.2.2 Distinction in ideaThe distinction between transaction costs and production costs is crucial. It is

Riordan Manufacturing Project

1170 words - 5 pages global plastic manufacturer and is a Fortune 1000 enterprise with revenues in excess of $1 billion. It is currently employing 550 people with projected annual earning of $46 million. Riordan is currently located in three areas: Michigan, Georgia, and San Jose (main headquarter), and currently expanded in China. (Riordan Manufacturing Website, 2007)The most notable problems are that each location has its own finance and accounting systems which

Describes The Different Fields In Computer Engineering

820 words - 4 pages the new device, and evaluates the design as to its overall effectiveness, cost, reliability, and safety. This process applies regardless of the end- product.Software engineers design, create, and modify general computer applications software or systems. Software engineers can be involved in the design and development of many types of software including software for operating systems, network distribution, and compilers, which convert programs for

Accounting Info Systems

1018 words - 5 pages began swinging wide open with the use of information technology leading to diversification in the field of accounting. Businesses commenced the search for professional accountants and their technological advice. Accountants became more knowledgeable about which financial systems operated best. An accountant's main role was to help businesses become more productive. Integrating the client's technologies properly with the accountant's systems made

Transfer Of Learning: Not Just An Afterthought

1782 words - 8 pages training programs for employees. This rings especially true for our organization as we have training needs in four key areas: · Customer Service · Sales · Computer Skills · Technical Skills Not only do we have to look at the cost/benefit of training design and delivery we need to understand also the cost/benefit of the transfer of learning. Obviously, in our business it would be expensive not only in terms of monies

Similar Papers

Financial System: Riordan Manufacturing Essay

3181 words - 13 pages China as well. These operating entities have their own Finance and Accounting Systems that provides input that is consolidated at its corporate headquarters in San Jose. There are 12 basic components of the Finance and accounting systems they are: General ledger, Accounts payable, Account receivable, Order entry, Procurement, Sales and Purchasing history, Invoicing and Shipping, Payroll, EDI, Bar code reading EDSS (Executive Decision Support Systems

Management Control System Essay

9915 words - 40 pages Management control systems design within its organizational context: findings from contingency-based research and directions for the future Robert H. Chenhall Department of Accounting and Finance, Monash University, Clayton, Victoria 3168, Australia Abstract Contingency-based research has a long tradition in the study of management control systems (MCS). Researchers have attempted to explain the effectiveness of MCS by examining

Svenska Företag I Världen; Ikea (Under En Undersökningsperiod)

5926 words - 24 pages ;rerna bojkottade Ikea. Den här reaktionen på deras självklara succé fick dem att börja designa våra egna möbler och detta blev grunden till vår framtida tillväxt. Främst skulle detta leda till utvecklad design och förbättrad funktion till lägre priser. En tidig Ikea-medarbetare fick sedan en verklig snilleblixt. Han beslöt att bordsbenen skulle vara lösa för att

None23 Essay

2112 words - 9 pages - MPU-Utilization beyond Steering Applications (e.g. Active and Semi active Chassis, Braking, Power Train (Automated Clutches and Transmissions) EHPS Benefits Steering Systems SRK 20/21 Mar'09 34 • Cost & Quality - Component Assembly (HPS ) ? Module Assembly (EPHS) - Final Test in Car (HPS) ? Pre-tested System (EPHS) - Engine Independence (vs. Belt-Drive-Pump@ HPS) - Fail-Safe Operation incl. Protection Measures - System Responsibility