财政的表现分析和策略的思考PDF_10英文.pdfVIP

Using Management Accounting as a Foundation for Linking Financial Performance Analysis and Strategic Thinking R. L. “Dick” Wittman Few farmers understand cost structures and the strategic decisions that differentiate successful farms from those struggling financially. Traditional Enterprise Analysis hasn’t provided answers growers need to determine what decisions are contributing to success or failure. Ratio analysis is not well understood and seldom connected to goal setting and decision-making. This presentation is a primer course that showcases new initiatives in the farm management arena to implement professional managerial accounting systems. It also illustrates the often overlooked linkage between financial analysis and strategic decision making. Specific technical topics and learning outcomes that can result from attending this session include: • Evolution from enterprise analysis to managerial accounting – why and how? • Building a foundation for performance measurement – use of ratio analysis to evaluate whole farm business performance • Using the Dupont Model to assess the impact of performance in operational efficiency, capital asset management, and use of debt leverage; illustrate how the Dupont Model can be used to simulate the impact on bottom line performance from specific strategic shifts • Sorting out Accounting and Economic Analyses • Identifying manageable segments and developing standardized profit/cost center report formats • Handling unusual transactions – how do you assure the initial transaction entry provides the ability to have integrity in both external financial reports and internal managerial accounting reports FarmTech 2004 Proceedings 125 FarmTech 2004