The paper 'Management Accounting - Barclays Bank" is a good example of a management case study. Due to the cutthroat competition in the market environments, this has seen rapid upheavals in the 21st century and the consistent shifts by organizations from focusing too much on products and market share, to focus on customer shares and their needs, hopes and expectations. Organization management is finding it necessary to rely on management or managerial accounting. Management accounting refers to providing organization managers with accounting data, in order for them to make informed choices, business decisions, thus, helping them accomplish their administrative and management duties.
Management accountants carry out the function of management accounting. Therefore, this report will highlight the management accounting, Barclays Bank and its information needs, and management accounting techniques that should be, used. In addition, the report will review the nature and function of management accounting and the strengths and weaknesses of the report’ s analysis of management accounting techniques recommended for Barclays Bank. Barclays Bank Background Barclays Bank is an international financial institution that offers financial products and services, whose headquarters is in London, UK.
Currently, the bank is, ranked 10th, 21st, in terms of its broad banking, and monetary services and organization respectively. The bank has spread its operations and wings across all major global continents namely Europe, Africa, Asia, South, and North America. The company boasts of not less than 50 million customers globally. It has segregated its business operations into Global Retail Banking unit and Corporate & Investment Banking and Wealth Management unit, with the latter, consisting of investment banking - where customers are, advised on vital issues such as mergers, initial public offers, and equity and loan origination services, purchases among others, commercial banking, and wealth management.
The former consists of the provision of credit card and loan offers, United Kingdom Retail banking, Barclays Africa and Western Europe Retail Banking.
Ackrill, M & Hannah, L. Barclays: the business of banking, 1690-1996. Cambridge University Press, Cambridge, 2001.
Carruth, B, Consulting, P & Institute of Chartered Accountants of New Zealand. Management Accounting Techniques: What is New? Wellington, New Zealand Institute of Chartered Accountants, Wellington, 2004.
Coombs, H Malcolm, H David, H & Jenkins, E Management Accounting: Principles and Applications. SAGE, London, 2005.
Heidmann, M The Role of Management Accounting Systems in Strategic Sense making. DUV, Sydney, 2008.
Jawaharlal, S Cost Accounting, Tata McGraw-Hill, New York City, 2002.
Lucey, T Management Accounting. Continuum, London, 2003.
McIntosh, M Barclays Bank: Global Companies in the Twentieth Century. Taylor and Francis, New Jersey, 2001.
Steffan, B Essential Management Accounting: How to Maximize Profit and Boost Financial Performance. Kogan Page Publishers, London, 2008.
Weetman, P Management Accounting: An Introduction. Financial Times Prentice Hall, London, 2002.
Young, D Techniques of Management Accounting: An Essential Guide for Managers and Financial Professionals. McGraw-Hill Professional, New York City, 2003.