Contemporary Management

Techniques
There are ten tools
that can be used by
managers to
implement Corporate
Strategy based on
Critical Succes Factor
:

1. Benchmarking
2. Total Quality Management
3. Business Process
Improvement
4. ABC and M
5. Reengineering
6. Theory of Constraints
7. Mass Customization
8. Target Costing
9. Life-Cycle Costing
10.The Value Chain
11.Balance Scorecard

9. Life Cycle Costing

A technique to identify and monitor
product cost throughout its life cycle.
The cycle consist of
1. Research and Development.
2. Product Design
3. Manufacturing
4. Marketing
5. Sales and Service

Life Cycle Costing

10. Value Chain

An analysis tool used to identify the
specific steps required to provide a
competitive product
Helps identify steps that can be
eliminated or outsourced

Example of Value Chain in Retail

Industries

11. Balance Scorecard

a strategic planning and management system that is used
extensively in business and industry, government, and
nonprofit organizations worldwide to align business
activities to the vision and strategy of the organization,
improve internal and external communications, and
monitor organization performance against strategic goals.
Focus on Four Areas :
1. Financial Performance
2. Customer Satisfaction
3. Internal Process
4. Learning and Growth

Example of Balance
Scorecard

Professional Environtment of Cost

Management
The Professional environment of the
menagement accountant is influenced
by two types of organization :
1. Organization that provides
guidelines and regulations.
2. Organizations that promote
professionalism and competence.

Professional Environtment of Cost

Management
Organization that provides
guidelines and regulations.

Internal Revenue
Service (IRS)
Federal Trade
Commission (FTC)
Securities and
Exchange Commission
(SEC),

Organizations that promote

professionalism and competence.

Institute of Management
Accountants (IMA)
Financial Executives
Institute (FEI)
Institute of Internal
Auditors (IIA)
IAPI (Institut Akuntan
Publik Indonesia)
IAMI (Institut Akuntan
Manajemen Indonesia)

Professional Certification
The role of professional certification is to provide
a distinct measure of experience, training and
performance capability for the management
accountant.
There are three main certifications that are
relevant for management accountants:
Certified Management Accountant (CMA)
Certified Financial Manager (CFM)
Certified Public Accountant (CPA)