StudentShare solutions
Triangle menu

Introduction to Management Accounting - Essay Example

Not dowloaded yet

Extract of sample
Introduction to Management Accounting

In this project the various motivational theories have been discussed. The impact of motivation on budgets has also been discussed with the help of empirical evidences. The concept of been budgeting and beyond budgeting has also been discussed in the light of motivation and its implication on the budgeting. Theories of motivation The term motivation was derived from the word mover which is a Latin word and means to move. Motivation can also be referred to the word motive which can be described as an objective which makes a person move on a particular direction. Motivation can be defined as a process by which a person directs all his efforts persistently to attain his goal. As per Robbins motivation includes three things they are intensity, persistence and direction. Intensity signifies the level of effort given, direction channelizes that effort into organizational benefit and persistence signifies the time period through which one gives the effort continuously (Robbins, Judge and Sanghi, 2010, p.71). There are various theories of motivation among them the most important ones are mentioned below:- Maslow’s need hierarchy motivational theory: The Maslow’s hierarchy of needs motivational theory is the oldest motivational theory. ...
The physiological needs and safety needs are considered as lower order needs and the need for self esteem, social and self actualization are known as higher order needs. The physiological needs include the basic needs which are required for survival like need for food, water, shelter etc. The safety need signifies the need for being protected from any type of physical or mental harm. Once these two needs are satisfied then the individual tries to satisfy the social needs. This type of need signifies the need of friendship, belongingness or being accepted by the society. This is the third need of the hierarchy. Once the social needs are satisfied the individuals strive for esteem needs which signifies the need to be respected, having recognition in the society, status etc. The last need of the hierarchy is the need for self actualization. The managers have to identify the level of need which the individual is having and then motivate the person to fulfil that need or the need beyond that level (Brooks, 2007, p.55). McGregor theory of X and Y: McGregor gave the motivational theory as the theory of X and Y. As per theory X the individual are classified as being lazy and unwilling to work on their own. These individuals are driven by the lower order need that is the needs of existence and the security needs. To make this type of individuals persons work coercion should be practiced. The theory X considers the negative trait of the individuals. On the other hand theory Y considers the positive traits of the individuals. As per theory Y individual are active and enjoys their work in the organization as any other work like their hobbies. These persons are driven ...Show more

Summary

Introduction to management accounting Contents Contents 2 Introduction 3 Theories of motivation 3 Conceptual framework of budgeting 6 Beyond budgeting and better budgeting 8 Critical analysis 9 Conclusion 10 Reference 10 Introduction Every company’s performance depends upon the performance of its employees…
Author : rosemarymcdermo
Introduction to Management Accounting essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Introduction to Management Accounting"
with a personal 20% discount.
Grab the best paper

Related Essays

Introduction to Management Accounting
The simultaneous use of empirical evidence can increase the credibility of the choices made. Current paper tries to identify the motivational theories available to a management accountant who has to set a budget.
10 pages (2500 words) Essay
SLP 1- Introduction to Managerial Accounting
Managements’ functions within an organization are planning, controlling, leading, arranging, staffing and decision making. Management accounting practices and records for a company are designed and operated in a way to help managers perform their functions easily.
3 pages (750 words) Essay
Management Accounting Report
This occurrence has forced many businesses and organizations to devise different strategies through which they can adapt to the existing business environment, and thus increase both customer and organizational value. This has been achieved through: Enhanced marketing/outreach efforts The business environment is ever changing and very dynamic.
6 pages (1500 words) Essay
MANAGEMENT ACCOUNTING
This paper contains an introduction to the topic of discussion, literature review, a research methodology that was used to collect data, a section for analyzing the data, and a last section for conclusion. Table of Contents 1 1.0 Introduction 3 2.0 Literature review 4 2.1 Accounting 4 2.2 Management control/ accounting systems 5 2.3 Management accounting and decision-making 6 3.0 Research methodology 7 4.0 Analysis 8 4.1 Supporting arguments for Johnson and Kaplan’s (1987) argument 8 4.1 Arguments against the criticism issued by Johnson and Kaplan 9 5.0 Conclusion 11 References 12 1.0 Introduction The field of management has witnessed numerous transformations that are mainly attributed to
10 pages (2500 words) Essay
Management accounting
Question One: The economies of Europe and that of America experienced a financial crisis because of too much liberalization of their economies. The European Union and the United States government advocated for a free market economy. The definition of a free market economy is rather an ambiguous concept.
3 pages (750 words) Essay
Introduction to management accounting
The company is targeting to sell its products to lower and middle-income individuals. The monthly sales growth of toothbrush and toothpaste is expected to grow at sales of ?100 and ?300 respectively for the first year. Although the market is characterized by a large number of toothpaste and toothbrush brands, the company expects its low-priced products to attract consumers with an intention of saving income.
6 pages (1500 words) Essay
Finance and Management Accounting
The R & D manager has to justify the money spent on research by coming up with new products and processes which would help to reduce costs and increase revenue. If the R & D department is like a bottomless pit only swallowing more and more money but not giving any positive results in return, then the management would have no choice but to close it.
9 pages (2250 words) Essay
Strategic Management Accounting
This point of view is well supported with both early (Solomons, 1952) and contemporary researches (Boyns and Edwards, 1997a). Needless to say, standard costing has come a long way before it became generally accepted. Originally, cost accounting systems were mainly concerned with variable costs, such as labour and raw materials expenditures.
8 pages (2000 words) Essay
Strategic Management Accounting
ds of 25 sizeable British firms serve as evidences for the statement that British entrepreneurs used standard costing methods even in pre-industrial period 1760-1850 (Fleischman and Parker, 1991), it is still considered that cost accounting began to attract wide interest of
8 pages (2000 words) Essay
The Role of Financial and Accounting Management
"Management accounting produces information for managers within an organization. It is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting, and communicating information that helps managers fulfill organization objectives" " (Horngren, Sundem, & Stratton, 2005, p. 5).
4 pages (1000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation