1 - Introduction To Cost And Management Accounting In A Global Business Environment.pdf

CHAPTER
Introduction to Cost and Management
Accounting in a Global Business Environment
1
LEARNING OBJECTIVES
pleting this chapter, you should be able to answer the following questions:
1
How do financial and management accounting relate to each other?
2
How does cost accounting relate to financial and management accounting?
3
What is the role of a code of ethics in guiding the behaviors of anization’s global workforce?
4
What factors have influenced the globalization of businesses and why have these factors been significant?
5
What are the primary factors and constraints that influence an
organization’s strategy and why are these factors important?
6
How does anization’petitive environment impact its
strategy and how might anization respond petition?
7
How does the accounting function impact anization’s ability
to essfully achieve its strategic goals and objectives?
8
Why is pany segment’s mission affected by product life cycle?
9
What is the value chain and why is it important in managing a business?
ABN AMRO
INTRODUCING Bank

herlands-based bank, ABN AMRO, was ABN AMRO formulated an identity statement in 1992
Tformed in 1990 when Algemene Bank Nederland to reflect its corporate aspirations: “ABN AMRO Bank is a
merged with Amsterdam-Rotterdam Bank. Following the long-established, solid, multi-faceted bank of international
merger, ABN AMRO has established itself as a global bank reputation and standing. We will strive to fulfill the bank’s
with operations in 76 countries and territories including ambition in being a frontrunner in value-added banking,
the United States, where the bank has a 16% share of the both on a local and worldwide level. . . .” The corporate
Midwest market. ABN AMRO’s global expansion was driven values statement was formalized in 1997, although the
initially by mergers but more recently by innovative web- values have been important priorities since the bank was
based delivery