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Managerial Accounting Approaches

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Chose two and write a factual opinion with examples: small paragraphs.

Modern Management techniques and their relationship with or effect on accounting.

-Lean Manufacturing
-Activity-based Management (Costing)
-Environmental Management (Accounting)

References or use your own:


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Lean Manufacturing

Lean manufacturing helps companies control the cost of storing inventory. The premise of lean manufacturing is that a company has only what is necessary for them to produce their items. There are no large surplus inventories of parts or components. One piece of lean manufacturing is just in time, where parts come in at the same time they are needed. In terms of accounting, lean ...

Solution Summary

The managerial accounting approaches are examined.