User Account

All Pages

Discuss the increasing global competition

Assignment Help Managerial Accounting
Reference no: EM131120100

"As global competition increases, businesses are being pressured to reach higher levels of productivity to price their products and services competitively." Explain how management accountants can play a role in helping management meet these challenges.

1 Highlight challenges that companies are facing (Product Diversity, Quality services, etc..)
Discuss some of the areas in economic sense that companies have to deal with
Customer Sovereignty - The needs and wants of customers
Privatisation giving rise to more competition
Government intervene on areas of regulations that pose a problems to companies
Tight control of labour - making labour costly and the impact on industries which are labour intensive

2 Discuss the increasing global competition
Give realistic figures like GDP growth in Singapore context
Reason for such increase in global competition
Impact on local companies
Increasing the market share; having a greater market share

3a How to attain higher levels of productivity
Through the use of contemporary management tool and accounting
Such as ABC, TQM & Evaluating environmental costs
Cross subsidisation
Through what means? Discuss about technology, training, education, people & efficiency
Product being produced at lower cost makes it more price competitive
3b Discuss & give real life examples on the service & product line
How does increase in level of productivity value-add to pricing in the two different industries

5 Challenges that accountants are facing and affecting their contribution to the company
Discuss about their roles in helping to overcome these adversities

Reference no: EM131120100

Questions Cloud

What was the british invasion : What was the British Invasion? Which famous group was a part of this movement? What impact did the group have on pop music?
Lansbury company purchases equipment on january : Compute the amount of depreciation for each of Years 1 through 3 using the double-declining balance method. (In performing your calculations, round constant percentage to the nearest one hundredth of a point and round answers to the nearest dollar)
Assignment-quality nursing : Nurses use Quality Indicators (QIs) for several purposes. QIs highlight potential quality concerns, identify areas that need further study and investigation, and track changes over time.
Compute tax depreciation for each year 2010 and 2015 : Compute tax depreciation for each year 2010-2015.
Discuss the increasing global competition : Explain how management accountants can play a role in helping management meet these challenges.
College survey course of american writers : Select one work from this week's readings and make a case that this work does or does not belong in the American literature canon for a course like ours, a college survey course of American writers.
Compute campbells rate of return on assets : Compute Campbell's rate of return on assets (1) using asset turnover and profit margin and (2) using net income
Important person in the humanities : Submit a term paper (1000-1500 written words; cite 3-5 scholarly resources) on an important person in the humanities (such as an artist, dancer, musician, poet, etc.).
Southern prestige-independence plating : Next, prepare a case brief for this case (400 words), using the IRAC format (Citation, Issue, Rule, Application, Conclusion). A few reminders: your issue should be a question

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd