Essays on Cobia

Management Accounting Systems

Management Accounting Systems Support Start-up Business Growth Article “Management Accounting Systems Support Start-up Business Growth” that was written by Michael Lee and Spencer R. Cobia, describes the case of company Globe that had faced with strong business problems (mostly, profitability), and how three strategic instruments – Variance Analysis, Profit Planning, and Performance Measurement Systems – helped the company to solve its problems. This article is focused on the idea that control system is core success factor in any company. Moreover, in case of start-ups, the role of control is even higher. And, according to authors, that company will succeed on market, ...

Management Accounting Systems Support Start-up Business Growth

Management Accounting Systems Support Start-up Business Growth The article “Management Accounting Systems Support Start-up Business Growth” generalize situations that appears to start-up business when they are facing their first organizational crisis. According to statistics, only relatively low percentage of start-ups reach success – most part does not perform even a year. But authors – Michael Lee and Spencer R. Cobia, believe that there is some tools, which will help start-ups to solve all their organizational problems, and these strategic tools are: Variance Analysis, Profit Planning, and Performance Measurement Systems (PMS). For each of these three strategical tools authors of the article ...