PRESENTATION ON Managerial Accounting Practices in Bangladesh Snapshot Introduction about the topic Methodology Analysis & Interpretation Finding part Recommendation Conclusion Management accounting practice helps an organization to survive in the competitive, ever changing world, because it provides an important Introduction about the topic competitive advantage for an organization that guides managerial action, motivates behaviors, supports and the culture value necessary to achieve an organization strategic objective. Management accounting is concerned preliminary with the internal needs of management. it is oriented toward evaluation of performance and development of estimate of the future as opposed to traditional financial accounting which emphasize historical data related to such legal financial matters as ownership, investment credit granting, taxation regulation, and the building of foundations for consistent and conservative external reporting in accordance with generally accepted accounting principle. Methodology From internet Questionnaire Personal Interview Analysis & Interpretation Sunk Cost Opportunity Cost Total Quality Management Findings Managerial accounting is concerned with providing information to manage We have learn about sunk cost that, all company have the sunk cost and this cost cannot be return or changed by any decision. No regulatory bodies or other outsides agencies specify what is to be done Opportunity cost is the cost that is usually found in account, but they are costs that must be explicitly in every decision a manager make. Virtually, every alternative involves an opportunity cost. Recommendation • The development of management accounting is responsive to the demands of management and the environment. Management accounting adapts to organizational change and three major forces cause organizations to evolve: technological change, globalization, and customer need. In order to remain competitive in today’s global market, business must continually improve. Good management accounting practices help the organization to improve continually. Due to these all over the world there are so many management accounting tools & techniques developed and practiced. Bangladeshi organizations as a member of global market need to adopt these techniques in order to remain competitive. A survey has been conducted based on a questionnaire to examine the management accounting practices in the manufacturing sector of Bangladesh. Conclusion Above of the information and data analysis we understand the how much important managerial accounting in the business organization. Without managerial accounting a organization can not survive in the competitive market. It is the process of identification and communication of financial information used by management to plan evaluate, and control within organization and assure appropriate use of and accountability of its resources. Thank You Any Question?????
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