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"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 competitive3b 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
Determine the total cost allocation and departmental overhead rate for the producing departments using the direct method. Show your work.
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Adjusted trial balance to prepare the income statement for the year ended December 31, 2011 and the statement of owner's equity for the year ended December 31, 2011
Uncollectible accounts expense is determined by the direct write-off method. Which of the following will be amount of uncollectible accounts expense?
Now, you need to fast-forward to the present. After reading the case, craft your own version of misinformation in management by developing five (5) key incorrect assumptions that management makes about its accounting information systems.
Recalculate your answer to part b assuming Marie can lower the amount paid to instructors to $3,500 per class. Should Marie seriously pursue this option?
Prepare journal entries for the selected transactions of Deshawn Company for 2010 - Prepared an adjusting entry to record the accrued interest on the Clark note.
Company uses a process cost system. The company started march with 2,300 units in work in process-department A. During the month 4,000 units were started. At the end of the month there were 3,200 units in ending work in process-dept.
Organization assessment report on Nordic Investment Bank.
What activities has your corporation undertaken in term of fulfilling their role as a corporate socially responsible firm?
PAK Company manufactures and sells mountain bikes. It normally operates eight hours a day, five days a week.
Prepare the operating portion of Patton's cash flow statement using the direct method.
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