Friday 18 January 2019

Management : Definition,styles, management pdf


 A Management is a set of principles relating to the functions of planning, organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals.

 Management Definition

Management is a process planning, organizing, coordination, and controlling resources to achieve objectives (goals) effectively and efficiently (Ricky w. Griffin).

Management is usually grouped into 3 levels:
  • That is the lowest level of operations, example: supervisor
  • Intermediate/Middle, example: department head, division head
  • The peak (Executive)/Top, for example: President Director

Management functions include:

  • Draft operational program i.e. planning in detail, goal setting, and how to use resources to achieve that goal.
  • Organizing frameworks controlling where these activities are conducted.
  • Control of systematic effort namely to achieve management objectives.
  • Controlling IE menejer executives responsible for accounting functions.

Types of Management

Management Accounting (Management Accounting) is measuring and reporting financial information and non-financial that will be used by the Manager to make a decision in order to achievement the purpose of the organization.

Financial Accounting (financial accounting) is the measuring and reporting of business transactions and prepare financial statements that are primarily intended for external parties and compiled based on GAAP.

Cost Accounting (Cost Accounting) is to provide information for management accounting and financial accounting in a way of measuring and reporting financial information and non-financial related with the cost of acquiring and utilizing resources in the organization.

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