Accounting is always one of the most important tasks in the operation of a business. In particular, management accounting is a specialized category of accounting. As a job that is directly related to the management and control of cash flow and financial situation of the business, this job requires meticulousness and accuracy, but still needs to ensure flexibility, solving problems and solving problems. whether fast. To do this, personnel need to constantly improve throughout the working process. Not only that, the need to cultivate foreign languages in the integrated economy is also emphasized. Understanding that importance, today, let's Johnson's Blog Immediately update the management accounting books in English should not be ignored.
The role of the management accountant in the operation of a business
As mentioned above, to put it simply, management accounting is a specialized category of accounting. Some management accountant job These include collecting, processing, analyzing and providing financial and non-financial information according to administrative requirements. Specifically, below are 4 The role of management accounting.
Build a plan
The data, after being processed through the management accounting process, will have a highly estimated digitized form. From this information, managers can capture, evaluate and adjust business activities. This process is the steps to develop a business plan, usually done quarterly or annually.
Organize the implementation of the proposed plan
This role is intended to communicate the planned goals to all parts of the company. With this category, the manager must be able to connect departments. In addition, it is necessary to properly use agreements and manage labor resources to maximize the factors in the production process to achieve the goal.
Control and evaluate the plan
At this stage, managers base on the outcome criteria to evaluate, analyze and collect information for the next business process.
Make the final decision
This is the basic function of management accounting. Managers rely on information sources, then they collect, analyze and filter them and make decisions for each specific activity to improve performance, use capital effectively, and save money. cost.
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Top 5 management accounting books in English that people in the profession should read
MANAGEMENT ACCOUNTING: PRINCIPLES & PRACTICE – Management accounting: Principles and practice
When researching on a topic, starting from the basics to advanced, followed by practice is the most effective way for beginners. Because of that, the first book introduced by Johnson's Blog was " Management accounting: principles and practice".
This book of management accounting is introduced by the author with a lot of basic information, many different areas related to management accounting and updated with changes. Structured content presented to the user so that they can get the most out of basic to advanced concepts and techniques in management accounting.
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REAL NUMBERS: MANAGEMENT ACCOUNTING IN A LEAN ORGANIZATION – Management accounting for management
The best management accounting book This is specially designed for managers who need a book to get useful numbers from their calculations. Read and practice the techniques described in the book that will help you transform your business and make it better forever. "Management accounting for the board of directorsThe author describes himself as a manual in controlling and managing corporate finance.
“BEST” MANAGEMENT ACCOUNTING: SUCCESSFUL BUSINESS – DECISION MAKING & BUDGETING – “Best” Management Accountant: Successful business – Decisions and recommendations
Book "The “best” management accounting: Business success – Decisions are recommended” is the author's attempt to present the basic concepts of accounting in a very simple language. He notes that any definition of a computer is a tool that helps management support an organization's financial decision-making as it affects all aspects of the organization.
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ADVANCED MANAGEMENT ACCOUNTING – Advanced Management Accounting
Instead of basic concepts or principles, “Advanced Management Accounting“focuses on exploring the details of real-world accounting practice. The author has used the old method or applied analysis tools with a wide range of small details. This book is a perfect case study for innovative management accounting issues.
MANAGEMENT ACCOUNTING (PROJECTS & BUDGETS): NEW MANAGER SERIES – Management Accounting (Project and Budgeting)
The final suggestion from Johnson's Blog is the book “Management accounting (Project and budgeting)” allows readers to explore the future of the business so that they can shape business strategies, use finance effectively. Throughout the book is a journey of how to make that future a reality and what management accountants need to do to make it happen.
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