The following are few of the emerging practices in managerial accounting . These have been developed by analyzing the need of managerial accounting in various businesses during the course of time. It helps the management to assess the business performance and also make it better. To match: Given info: Right hand side Just in time manufacturing Continuous improvement Customer orientation Total quality management Triple bottom line Left hand side Focuses on quality throughout the production process Flexible product designs can be modified to accommodate customer choices. Every manager and employee constantly looks for ways to improve company operations. Reports on financial, social and environmental performance. Inventory is acquired or produced only when needed.

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Chapter 18, Problem 13QS

To determine

Introduction:

The following are few of the emerging practices in managerial accounting. These have been developed by analyzing the need of managerial accounting in various businesses during the course of time. It helps the management to assess the business performance and also make it better.

To match:

Given info:

Right hand side

Just in time manufacturing

Continuous improvement

Customer orientation

Total quality management

Triple bottom line

Left hand side

Focuses on quality throughout the production process

Flexible product designs can be modified to accommodate customer choices.

Every manager and employee constantly looks for ways to improve company operations.

Reports on financial, social and environmental performance.

Inventory is acquired or produced only when needed.

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