Management Accounting at Ford Motor Company Term Paper by Nicky

Management Accounting at Ford Motor Company
A look at the role of management accounting at Ford Motor Company.
# 149394 | 1,347 words | 5 sources | APA | 2011 | US
Published on Dec 13, 2011 in Accounting (Financial) , Accounting (Managerial) , Business (Companies)


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Description:

This paper examines the recent successes and failures of Ford Motor Company in light of their approach to management accounting. First, the paper gives an overall description of the company, focusing on its more recent fiscal years and describing its place in the US market. Additionally, the paper considers Ford's performance in light of the recent economic crisis. It also discusses Ford's four pillar strategy for dealing with this challenge. Then the paper explores how financial accounting impacts a company, and how it is applied at Ford. The paper suggests that to further understand management accounting at Ford, one must look at the company's public documents, which would shed some light into the function of accounting management. The paper concludes by explaining how the information generated by the financial accounting department at a company like Ford is used by managers.

Outline:

Ford Motors Company
Management Accounting Function

From the Paper:

"Ford Europe is headquartered in Spain and the manager of this entity has released some information vital to the current endeavor. Through extrapolation, it can be believed that the accounting function at the Spanish headquarters is very much similar to the accounting function in all Ford facilities. In this order of ideas, the Ford headquarters centralize cost information from numerous plants, meaning then that the accounting system is very comprehensive and complex - Ford Spain for instance centralizes cost information from 28 European plants. The information collected is structured into six systems, which are in fact the pillar elements in the accounting process. These systems are the materials information system, the finished products information system, the standard costs and deviation information system, the non-productive materials ..."

Sample of Sources Used:

  • Bhimani, A., 1996, Management Accounting: European Perspectives, Oxford University Press, ISBN 0198289669
  • Williamson, D., 2003, Introduction to Management Accounting, St. Martin College, Retrieved from http://www.staff.ucsm.ac.uk/mpratt/Introduction%20to%20Management%20Accounting.ppt on July 14, 2009
  • 2009, Despite Record Losses, Ford Refuses TARP, Directorship, http://www.directorship.com/ford-won-t-take-tarp-money last accessed on July 14, 2009
  • 2009, Ford Motor Company, Hoovers, http://hoovers.com/ford-motor/--ID__10597--/free-co-factsheet.xhtml last accessed on July 14, 2009
  • Ford Motor Company 2008 Annual Report, Retrieved from http://www.ford.com/microsites/annual-reports on July 13, 2009

Cite this Term Paper:

APA Format

Management Accounting at Ford Motor Company (2011, December 13) Retrieved September 22, 2020, from https://www.academon.com/term-paper/management-accounting-at-ford-motor-company-149394/

MLA Format

"Management Accounting at Ford Motor Company" 13 December 2011. Web. 22 September. 2020. <https://www.academon.com/term-paper/management-accounting-at-ford-motor-company-149394/>

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