Professor Elam

Wed April  23 2014

McDonald's is designing its kitchens to look more like Chipolte Mexican Grill. Managerial accounting is all about process improvement. This is an example of both speed and perception. Customers apparently like to see the food prepared. This is the case now that I think about it for Macaroni Grill which has an open kitchen and to a degree other Italian chains. 

Managerial accounting is not about debit and credit accounting but improving internal process for better returns on both human and financial capital.