Management accounting Essay Example | Topics and Well Written Essays - 3000 words

Management accounting - Essay Example But, desirability and effectiveness of accounting for organization control is a critical issue because accounting procedures consists of few integrative devices of organizations where business activities are not only drawn together by values but those are integrated in a quantitative manner. So, accounting is most efficient tool of organizational control system where standard qualitative procedures are followed to evaluate qualitative performance of the organizations for management control over the organizations. These facilitates other external stakeholders of the organizations like investors, creditors etc. for their valuable financial decision making which are highly depends on actual performance of the organizations. So, this study analyzes the effectiveness or relevance, desirability, faithfulness or reliability of accounting information for management control over organizations. Introduction Organizations show stable and consistent types of behaviour in interaction with the bus iness environment which is consistently changing. They have wide range of external influences from external business environment but have enough capability to change internally to protect their integrity. This stability and flexibility of organizational internal behaviour and control possess through effective and integrative control mechanism. One of the most important control mechanisms of organizational is internal accounting system. This consists of integrative process of accounting for implementation of accounting information in management control. So, management accounting systems has major importance in organizations as it consists of some integrative mechanisms that are capable for summarizing the qualitative effect of organizational actions or activities in quantitative values. This study review the major functions of accounting information that helps the management in the area of integrative process of organizational control. Efficient accounting provides integrative langua ge for analysing the impact of diverse internal and external influences on organizations that have substantial positive or negative impact on organizational performance. Nature of organizational control with respect to implication accounting information is qualitatively reviewed in this paper to assess the necessary conditions for control. These conditions are derived and applied in management control. Main objective of accounting policy is to produce fair valued accounting information that is highly reliable and relevant to the purpose and objectives of financials statement (WBS, 2012). The extent of desirability and effectiveness of accounting information are analysed with respect to management control and strategic decision making process. Further, scope of faithful or reliable accounting information on organizational control by management is also analysed. Again, measurement process of organizational performance both quantitative and qualitative is analysed with reference to the implication of relevant and reliable accounting information in organizational performance measurement and essential internal reconstruction with respect to change in external business environment. Desirability and Effectiveness of accounting information for organizational control There are two broad purpose of accounting information, external and internal. External purpose includes the investment decision making by the shareholders and potential new investors of an organization, credit

Philosophy of Education Essay Example | Topics and Well Written Essays - 1250 words

Philosophy of Education - Essay Example I believe that Education is the key to success and it is through education that a person receives the fundamental skills and tools that are important in building a life that is successful and prosperous. The quality of education in a country will determine the level of its success and prosperity. Therefore, as a teacher I believe that it is important for every child to receive quality education. Although quality in education is something that cannot be achieved by the teachers only, I believe teachers play a major role in improving the education quality of a country. To improve the quality of education, teachers, parents and all stakeholders in education must work together. Quality in education includes the health and participation of learners, support from family and community, availability of good learning environment, content that is relevant in real life situations and teacher’s organization and proficiency. As a teacher, I believe that everyone has the ability to learn. However, for effective mastering of concepts and skills, a student must show interest in learning and willingness to participate in the learning activities. My work as a teacher is to provide good learning environment in the classroom and improve the quality of education. The arrangement or organization of the classroom can improve or inhibit learning depending on the learning patterns of each child. Therefore, by accommodating the students’ different patterns of learning, the teacher creates an environment that is conducive for learning. Although education has always been associated with economic growth, I believe that with better quality education the economic retu rns can be much higher. It is also evident that increased investment in education increases political stability, democratization, improves the health of the people and reduces poverty and inequality. Thus, I am strongly convinced that it is the role of teachers to ensure that the education provided in schools is of good quality so as to realize the maximum benefits of quality education. Young minds are very critical and delicate, and teaching them is challenging and frustrating. Any indication by the teacher that he or she is not interested in a particular subject or area of study and lacks passion for learning will make the children to lose interest in the same. A teacher must convince the children of his or her knowledge and expertise for them to be willing to learn and show interest in learning. My job, as a teacher is to develop an environment that promotes learning. I am a teacher and an instructor because I posses the passion for guiding children through the process of learnin g and one of the best ways of fostering learning is to show the children these feelings I hold over education. I promote learning by providing a relaxed atmosphere for children, stimulating conversations on presented ideas and organizing ideas in an easy way that can be understood by the learners. I believe subject matter are interconnected thus I emphasize that everything that people learn form a world of understanding from which they develop their personal views. I also believe that showing respect to my students is important because it encourages them to be open and inspires them to respect each other and all other people. My method of teaching is that which acknowledges diversity in teaching methodologies and techniques. I believe that hands on and minds on learning are important because supplementing curriculum with other activities promotes the learning process. I am certain that by involving the learners in fascinating lessons and making use of strategies which address their learning styles, they can achieve success in academics and have self confidence in the learning process. Learning only takes place when the children are fully engaged in the learning process, are personally connected to the concept taught and use the knowledge acquired in real life situations. Therefore, when this happens a child is encouraged to be engaged over and