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Main Objective of Management Accounting




Oscar Osorio, Argentine professor, in his inaugural conference of the Accounting Congress sponsored by the ANEC in 1999, stated that in contemporary enterprise, the main objective of Management Accounting is "to allow the adoption of rational decisions that make competitiveness possible , For which it must be taken into account:

The external context through the strategic approach
The continuous improvement of the internal productive processes, qualitatively and quantitatively considered
Control and strategic management of costs in all functions and segments of the organization. "
Therefore, it should be noted that, at present, CRITICAL SUCCESS FACTORS are not only related to cost minimization, but also to customer satisfaction, product quality, process flexibility, market, among other aspects ; Which implies that qualitative and quantitative factors are gathered in the new Management Accounting systems.

New Management Technologies
As a response to the situation created by the demands of the new business environment, "New Management Technologies" have emerged, procedures developed to optimize the use of entity resources to achieve an objective and have an impact on the procedures and In the information that emanates from the Accounting Systems of Management. Examples of these new technologies include the following:

Strategic Management Accounting
New Measurement and Control Systems (Just in Time)
Total Quality Control
Target Cost
Activity Based Management (ABC and ABM)
In this way, in all cases, when referring to New Management Technologies, the role played by them is the need for efficient control and adequate information to make precise, accurate decisions, which indisputably form Part of the objectives of Management Accounting, which has had to respond to the new conditions in which the company is currently developing.

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