Planning, directing, and controlling, Managerial Accounting

Assignment Help:

Planning, Directing, and Controlling

A clever sign hanging on the wall of a business establishment: "The Managers are paid to manage the work-- If There Were No Problems we wouldn't require Managers." This suggested that all organizations have problems, and it is management's responsibility to deal with those problems. While there is some truth to this characterization, it is possibly more reflective of a "not so impressive" organization that is moving from one crisis to another. The True managerial talent goes beyond just dealing with the problems at hand.

What exactly the term managing means? Managing requires number of skill sets. Among those skills are leadership, vision, and the ability to procure and mobilize financial and the human resources. All of these tasks should be executed with an understanding of how actions influence the human behaviour within, and external to, organization. In addition, good managers must have endurance to tolerate challenges and setbacks while trying to forge ahead. To effectively manage an operation also requires follow through and execution. But, each management action is predicated upon some particular decision. Thus, good decision making is critical to being a successful manager.

 

 

 

 


Related Discussions:- Planning, directing, and controlling

What is cost unit, What is Cost unit While the cost centres assists in ...

What is Cost unit While the cost centres assists in ascertaining costs by location, person, equipment, operation or process, cost unit is a unit of product, service or a combin

Explain value added analysis and top management styles, 1. Explain Value Ad...

1. Explain Value Added Analysis along with the major factors included in Management Accounting Analysis. 2 Identify the several top management styles and define their implicatio

Human behavior and budgetary control, Human behavior and budgetary control ...

Human behavior and budgetary control An important feature of control in business is that control is exercised by managers over people. Their attitudes and response to budgetary

What is pricing under decline stage, Q. What is Pricing under decline stage...

Q. What is Pricing under decline stage? Pricing under decline stage: under this stage sales are at their highest point. He should reduce the price if necessary taking the compe

Explain the funded debt to total capitalization ratio, Funded debt to total...

Funded debt to total capitalization ratio The ratio establishes a link among the long term funds raised from outsider and total long term funds available in the business. The

Amount transferred from wip to finished goods, HGT Company initialized the ...

HGT Company initialized the accounting period with the following beginning balances:          During the accounting period, the company purchased $60,000 of raw materials and ended

Decision making special order, MNO Ltd produces and sells for $25 an office...

MNO Ltd produces and sells for $25 an office machine for which there is a heavy demand which the company is prevented from meeting because of a shortage of skilled labour. The dire

Determine the creditors turnover ratio, Creditors turnover ratio ( or payab...

Creditors turnover ratio ( or payables turnover ratio) Meaning: this ratio establishes a relation ship between net credit purchases and average trade creditors. Objective

Explain the scope of cost accounting, Explain the Scope of cost accounting ...

Explain the Scope of cost accounting Scope of cost accounting: the scope of cost accounting is very wide and includes the following: 1 cost ascertainment: it deals with t

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd