{"id":182,"date":"2018-04-16T21:29:36","date_gmt":"2018-04-16T21:29:36","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/?post_type=chapter&#038;p=182"},"modified":"2024-04-29T16:46:27","modified_gmt":"2024-04-29T16:46:27","slug":"introduction-to-managerial-accounting-perspectives","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/chapter\/introduction-to-managerial-accounting-perspectives\/","title":{"raw":"Introduction to Managerial Accounting Perspectives","rendered":"Introduction to Managerial Accounting Perspectives"},"content":{"raw":"<h2>What you'll learn to do:\u00a0Examine the various managerial accounting perspectives throughout an organization<\/h2>\r\n<img class=\"alignright wp-image-1829 \" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2985\/2018\/04\/17212857\/accounting-achievement-aerial-1043506.jpg\" alt=\"Various objects on a white desk. Objects include a laptop, clipboard, envelope, pen, calculator, mug, newspaper, and a person holding a phone.\" width=\"351\" height=\"192\" \/>\r\n\r\nWithin all organizations, various people will need different information from the management accounting systems. Since managerial accounting does not need to follow GAAP and the information prepared is only for internal use, the same information can be manipulated in a variety of ways to help managers to save money, manage costs, price products and make a company more profitable.\r\n\r\nVarious strategies can be implemented by different companies as well. Not all companies are looking at making the cheapest product at the lowest cost! Some are looking at ways to make a premium product with a very targeted market. The strategies used by these companies will be different.\r\n\r\nHowever a company culture is developed and how strategies are planned, they all start at the top of a company. Leadership style trickles down through the organization and can be seen at all levels.","rendered":"<h2>What you&#8217;ll learn to do:\u00a0Examine the various managerial accounting perspectives throughout an organization<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-1829\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2985\/2018\/04\/17212857\/accounting-achievement-aerial-1043506.jpg\" alt=\"Various objects on a white desk. Objects include a laptop, clipboard, envelope, pen, calculator, mug, newspaper, and a person holding a phone.\" width=\"351\" height=\"192\" \/><\/p>\n<p>Within all organizations, various people will need different information from the management accounting systems. Since managerial accounting does not need to follow GAAP and the information prepared is only for internal use, the same information can be manipulated in a variety of ways to help managers to save money, manage costs, price products and make a company more profitable.<\/p>\n<p>Various strategies can be implemented by different companies as well. Not all companies are looking at making the cheapest product at the lowest cost! Some are looking at ways to make a premium product with a very targeted market. The strategies used by these companies will be different.<\/p>\n<p>However a company culture is developed and how strategies are planned, they all start at the top of a company. Leadership style trickles down through the organization and can be seen at all levels.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-182\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Introduction to Managerial Accounting Perspectives. <strong>Authored by<\/strong>: Freedom Learning Group. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Untitled. <strong>Authored by<\/strong>: rawpixel. <strong>Provided by<\/strong>: Pixabay. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/pixabay.com\/en\/office-paper-business-accounting-3309862\/\">https:\/\/pixabay.com\/en\/office-paper-business-accounting-3309862\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":62559,"menu_order":6,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Managerial Accounting Perspectives\",\"author\":\"Freedom Learning Group\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Untitled\",\"author\":\"rawpixel\",\"organization\":\"Pixabay\",\"url\":\"https:\/\/pixabay.com\/en\/office-paper-business-accounting-3309862\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"210362df-a495-4a18-8982-ab0e1a7befee","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-182","chapter","type-chapter","status-publish","hentry"],"part":104,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/users\/62559"}],"version-history":[{"count":10,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/182\/revisions"}],"predecessor-version":[{"id":2218,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/182\/revisions\/2218"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/parts\/104"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/182\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/media?parent=182"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapter-type?post=182"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/contributor?post=182"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/license?post=182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}