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~Ae’khay
IN THE NAME
OF ALLAH
WHO IS
MOST MERCIFUL
AND
MOST GRACIOUS
~Ae’khay
Managerial Accounting - I
Ethical Guide
JIT
Lean production
TopicIntroduction
Anil
kumar
bba-16
Roll no: 53
Assalam-u-alaikum
~Ae’khay
Course Facilitator:- Sir Maqsood Ali Jamali Dated:- 04/09/2018
~Ae’khay
• ETHICS
• Moral principles that govern a person's
behaviour or the conducting of an activity.
~Ae’khay
~Ae’khay
 IMA
• Institute of Management Accountants (1919)
• Guidelines for Accountants
1. Creditability
2. Confidentiality
3. Competence
~Ae’khay
 Creditability
Communicate information fairly and objectively
Disclose delays or deficiencies in information timeliness, processing, or internal controls.
Disclose all relevant information that could influence a user’s understanding of reports
and recommendations.
~Ae’khay
 Competence
Recognize and communicate professional limitations that preclude responsible
judgment.
Follow applicable laws, regulations, and standards.
Maintain professional competence.
Provide accurate, clear, concise, and timely decision support information.
~Ae’khay
 Confidentiality
Do not disclose confidential information unless legally obligated to do so.
Do not use confidential information for unethical or illegal advantage.
Ensure that subordinates do not disclose confidential information.
~Ae’khay
~Ae’khay
Complete products
just in time to
ship customers.
Complete parts
just in time for
assembly into products.
Schedule
production.
Receive materials
just in time for
production.
Receive
customer
orders.
Just-in-Time
~Ae’khay
More rapid
response to
customer orders
Free-up funds
Reduced
inventory
costs Greater
customer
satisfaction
Higher quality
products
Benefits of a JIT System
~Ae’khay
~Ae’khay
 Lean production
“Different from JIT in that it is externally focused on the
customer”
~Ae’khay
 Lean production
~Ae’khay
Thankyou
~Ae’khay
Question
Answer

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