MANAGEMENT PLANNING AND CONTROL
I.
Four dimensions in the modeling
business.
a. Identification of the major factors
relevant to the company's progress in the future
b. Who formulate appropriate techniques
to predict future developments
c. Develop data sources to support the
strategic choices
d. Given the choice to translate into specific
actions
II.
The
Concept Of Standard Cost And Kaizen
Standard cost :
-
Cost
control
-
Applied
to existing manufacturing conditions
-
Purpose:
The purpose of compliance with performance standards
-
Standards
are determined each year
-
Variable
analysis is based on standard vs. actual variance
-
Investigate
if the standard is not met
Kaizen cost :
-
Reduction
cost
-
applied
in manufacturing improvements ongoing basis
-
achieve
cost reduction targets
-
Target
cost reduction is determined each month
-
variance
analysis based on constant cost reduction
-
if
the conduct of investigations into the target cost isn’t reached
III.
Measure
Estimates The Return Of Foreign Investment.
Evaluate the performance of the
system is central to effective control. Performance evaluation system designed
by precise enables top management to:
a)
Taking into account the profitability of existing operations.
b)
Determine the area that are not performing as expected
c)
Allocating resources are limited by productive enterprises.
d)
Evaluate the performance of management.
e)
Ensure that management behavior is consistent with strategic priorities.
IV.
Multinational
Capital Costs
The theory of capital budgeting in particular using cost of
capital as the disconto level, thus a project must generate returns at least
equal to the cost of capital in order to be acceptable. The cost of equity
capital can be calculated in several ways. One popular method that combines the
expectations of return on the dividend by the dividend growth rate
expectations. Assuming :
At
= expected dividend per share at the end of the period.
Po
= market price of the stock is now at the beginning of the period and
g
= expected growth rate in dividends, the cost of equity,
to
be calculated as follows to = At / Po + g.
Sources:
1) Choi, Frederick D.S.,
and Gerhard D. Mueller, 2005., The International Accounting - Book 1, Issue 5.,
Salemba Four, Jakarta.
2) Choi, Frederick D.S.,
and Gerhard D. Mueller, 2005., The International Accounting - Book 2, Issue 5.,
Salemba Four, Jakarta.
11) http://dididyah.blogspot.com/
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