Organisations and management accounting
Management accounting is concerned with providing information and analysis to managers to help them plan, evaluate and control activities, in order to achieve an organisation’s objectives. Whereas financial accounting is concerned with reporting on the past financial performance of an organisation, management accounting is essentially concerned with improving its future performance. In order to understand the concepts and principles of management accounting it is necessary first to have some appreciation of what managers do! This, in turn, requires an understanding of the organisations in which managers work – and of the external environment in which these organisations exist and operate.
This OpenLearn free course, therefore, looks at the nature of organisations, specifically their objectives and structure. Organisational objectives and structure are key elements of organisations and they determine management functions and responsibilities within the organisation. The course also considers the main environmental factors (economic, social, political, legal and technological) that impact on organisational behaviour.
This OpenLearn course is an adapted extract from the Open University course.
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