Managerial Accounting

Oleh
Bambang Kesit

Program Studi Akuntansi,

Islamic University of Indonesia,
Yogyakarta
2010
Bab 1
Managerial
Accounting
dan
Lingkungan
Bisnis
 Managerial Accounting and
Financial Accounting
Managerial accounting Financial accounting
provides information provides information
for managers of an to stockholders,
organization who creditors and others
direct and control who are outside
its operations. the organization.
 Work of Management

Planning
Directing and
Motivating

Controlling
 Planning and Control Cycle
Formulating Long-and Begin
Short-Term Plans
(Planning)

Comparing Actual Implementing

to Decision the Plans
Planned Performance Making (Directing and
(Controlling) Motivating)

Measuring
Performance
(Controlling)
 Differences Between Financial
and Managerial Accounting
Financial Managerial
Accounting Accounting
1. Users External persons who Managers who plan for
make financial decisions and control an organization

2. Time focus Historical perspective Future emphasis

3. Verifiability Emphasis on Emphasis on relevance

versus relevance verifiability for planning and control

4. Precision versus Emphasis on Emphasis on

timeliness precision timeliness

5. Subject Primary focus is on Focuses on segments

the whole organization of an organization
6. Requirements Must follow GAAP Need not follow GAAP
and prescribed formats or any prescribed format
 Expanding Role of Managerial
Accounting
Increasing complexity and
size of organizations
Regulatory
environment
Factors that
Increased
increase the need for
emphasis
managerial accounting
on quality
information
World-wide
competition
Rapid development and
implementation of technology
 The Changing Business
Environment

A more competitive
environment emphasizing:
 Higher quality products
 Lower prices and costs
 Global competition Business environment
changes in the past
 Meeting and anticipating twenty years
customer needs
The Changing Business
Environment

New tools for

managers!

Just-In-Time
Total Quality
Management
Process Reengineering
Theory of Constraints
 Organizational Structure
An
An organization
organization is is aa group
group of
of people
people
united
united for
for aa common
common purpose.
purpose.
C o r p o ra te O rg a n iz a tio n C h a rt
B o a r d o f D ir e c t o r s

P r e s id e n t

P u r c h a s in g P e rs o n n e l V ic e P r e s id e n t C h ie f F in a n c ia l
O p e r a t io n s O f f ic e r

T re a s u re r C o n t r o lle r
 The Controller
The
The chief
chief accountant
accountant in in an
an organization
organization
with
with responsibility
responsibility for:
for:
–– Financial
Financial planning
planning and
and analysis.
analysis.
–– Cost
Cost control.
control.
–– Financial
Financial reporting.
reporting.
–– Accounting
Accounting information
information systems.
systems.
 Importance of Ethics
in Accounting
• Ethical accounting practices build trust and
promote loyal, productive relationships with
users of accounting information.
• Many companies and professional
organizations, such as the Institute
of Management Accountants (IMA),
have written codes of ethics which
serve as guides for employees.
 IMA Code of Ethics for
Management Accountants
Competence
Competence
Confidentiality
Confidentiality
Integrity
Integrity
Objectivity
Objectivity
Resolution
Resolutionof
ofEthical
EthicalConflict
Conflict
 IMA Code of Ethics for
Management Accountants
Follow applicable laws,
regulations and
standards.

Maintain
professional Competence
competence.

Prepare complete and clear

reports after appropriate
analysis.
 IMA Code of Ethics for
Management Accountants
Do not disclose confidential
information unless legally
obligated to do so.
Do not use
confidential
information for Confidentiality
personal
advantage.
Ensure that subordinates do
not disclose confidential
information.
 IMA Code of Ethics for
Management Accountants
Avoid conflicts of interest
and advise others of
potential conflicts.

Do not subvert
organization’s
legitimate
Integrity
objectives.

Recognize and
communicate personal and
professional limitations.
 IMA Code of Ethics for
Management Accountants
Avoid activities that could
affect your ability to
perform duties.

Refrain from Refuse gifts

activities or favors
that could Integrity that might
discredit the influence
profession. behavior.
Communicate
unfavorable as well as
favorable information.
 IMA Code of Ethics for
Management Accountants
Communicate information
fairly and objectively.

Objectivity

Disclose all information

that might be useful to
management.
 IMA Code of Ethics for
Management Accountants
Resolution of Ethical Conflict
Follow established policies.
For unresolved ethical conflicts:
– Discuss the conflict with immediate superior.
– If immediate superior is the CEO, consider the
board of directors or the audit committee.
– Except where legally prescribed, maintain
confidentiality.
 IMA Code of Ethics for
Management Accountants
Resolution of Ethical Conflict
Clarify issues in a confidential discussion with
an objective advisor.
Consult an attorney as to legal obligations.
The last resort is to resign.
TERIMA KASIH