search query: @author Ellis, L. W. / total: 9
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| Author: | Ellis, L. W. McDonald, R. G. |
| Title: | Reforming management accounting to support today's technology |
| Journal: | Research Management
1990 : MAR-APR, VOL.33:2, p.30-34 |
| Index terms: | MANAGEMENT ACCOUNTING TECHNOLOGY TECHNOLOGICAL INNOVATION COST CONTROL INVESTMENT STRATEGY |
| Language: | eng |
| Abstract: | Accounting for management should provide a basis for making correct decision not only for the current business but also for building the future value of its activities. In proposing reforming management accounting to overcome the inadequacies, the key points of criticism are summarized. The proposals for changes in management accounting are : 1. Extract strategic expenditures from present manufacturing costs, leaving true operating costs. 2. Allocate operating overhead costs to machines and materials rather than only to direct labor. 3. Separate functional expenses on the current income statement into a new category of strategic investment activities. 4. Use option theory as a value of those strategic assets. |
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