Accounting › Section P · Managerial accounting and cost behavior › Topic P.3
Business trends and managerial accounting
Services, automation, lean production, global supply chains and pressure for responsible business have all changed what managers need to know. This topic surveys those trends and shows how each one reshapes the work of managerial accounting.
In this topic
- A moving target
- An economy of services
- Technology and automation
- Lean thinking
- Just-in-time inventory
- Worked example: the value of less stock
- Quality and continuous improvement
- The theory of constraints
- Worked example: finding the bottleneck
- Global markets, outsourcing and wider goals
- Common mistakes to avoid
- Key takeaways
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