Management Accounting sets the directions of the company via cost control measures. She likes learning new skills that make her more valuable to her hospital, and she also likes the increase in her salary. Stacy is presently in the process of going back to school to become a dental hygienist, which will make her more marketable in the dental industry and increase her salary. She is pursuing a two-year program which will qualify her to perform cleanings as well as some minor dental procedures, and it will also increase her salary. The information is communicated through preparation and distribution of accounting reports.
One of his most important jobs is checking a patient’s account to make sure the present prescription won’t counteract or cause an adverse reaction in combination with other medications that the patient may be taking. The most popular jobs will always be the ones that don’t require a stringent 40 hour week, much like my profession of Legal Process Serving. The accounting information system should be designed in such a way that the right information is communicated to the right person at the right time.
Creditors (banks, financial institutions, debenture holders and other lenders), evaluate the risk of granting credit or lending money to a particular business organization on the basis of accounting and other information obtained about that organization. An indicator of its influence and completeness is the lack of further notable developments in accounting for the next two hundred years.
Although the Summa was the first published accounting ‘textbook’, an earlier manuscript which describes double entry bookkeeping does exist: Della mercatura e del mercante perfetto, believed to be written in 1458 by Croatian Benedikt Kotruljevic Unfortunately for Kotruljevic it was not officially published until 1573. However, as the first accountant of the first modern company his tenure marks a significant point in accounting history. Making Accounting interesting is not easy sometimes but this was interesting and informative!
While others at the time were also developing various methods of cost accounting to aid business decision making, including the Carron Company in Scotland, the surviving letters and records of Wedgwood make a compelling case for his place in history as the first cost accountant. Cost accounting source: McKendrick, N. (1970) ‘Josiah Wedgwood and cost accounting in the Industrial Revolution’, Economic History Review, vol. There are also thousands of small and local accountants all over the world that are very good at their jobs.