An MBA Graduate Defined Essay -- essays research papers

An MBA Graduate DefinedAn MBA is a degree awarded to individuals who sweep through required coursework in the field of Management Science. The MBA title stands for Master of commerce Administration and implies that the person holding the degree is qualified to hold a position in senior management within a firm. An MBA four-in-hand is similar to the captain of a ship. He is responsible for making decisions and plans most the firm and for controlling the firms employees. The goal of an MBA managing director is to tap the firms value through the use of the firms tangible and intangible assets. He exploits this value by obtaining the highest sugar possible. In the following discussion, I will examine how senior management in general and MBA graduates in particular can use the field of managerial Accounting to make decisions/plan and control employees in order to maximise Profits. For clarity through place this essay, senior managers and MBA graduates should be considered as one in the same.Managerial Accounting DefinedManagerial Accounting is the military operation of employ reading systems to provide information to senior managers who then use this information for decision-making/planning and monitoring employee performance in order to maximise winnings. The data that senior managers use is supplied by the Financial Accounting function. This information is utilize to improve the performance of the merchandising function, which generally provides the Revenue of the firm and the trading operations function, which generally incurs most operating costs. Marketing and Operations ar consequently the functional areas which an MBA graduate is generally concerned.Managerial Accounting is vital to a businesss success because it quantifies a firms performance. By quantifying certain performance variables, senior management can carry out its two most important functions 1) Decision-Making/Planning and 2) Controlling Employee Behaviour.The Theory of the pie -eyed tells us that a business exists to maximise the value of equity investors pass water supplied. Profits result from decisions about what items to produce and sell (Marketing) and planning what inputs are necessary for this production and distribution activity (Operations). Value maximisation results from exploit Revenue and minimising Total Costs. In business, resources are always limited or finite. Therefore, they must be employed in the most economical and produc... ... Statement. pronounce senior management has noticed a decrease in profits for the lemon-lime soda the firm produces. By examining the Financial Accounting data they restrain found an unexpected increase in the cost of lime flavour that is used because a supplier of the product has gone out of business. Here, an MBA manager must make a decision about alternative sources visible(prenominal) for the flavoring input and as always look to buy it at a lower price. Once again, Financial Accounting data (cost in formation from the Income Statement) has been used by senior managers to solve a planning/decision-making fuss within the Operations function. SummaryIn conclusion, Managerial Accounting is move MBA graduate managers can use to gain insight into planning/decision-making and employee control. The process involves examining Financial Accounting data and then applying that information to maximize Profits through the Marketing and Operations functions. Specifically, maximize Revenue in Marketing and minimizing Costs Operationally. Managerial Accounting is scientific in its approach quite an than intuitive and should be used by MBA graduates interested in maximizing the value of their firm.