Reference no: EM131438616

ASSIGNMENTS

1.MANAGEMENT CONTROL SYSTEMS

LEARNING OBJECTIVES

• Describe the three different types of controls used in organizations

• describe a cybernetic control system

• Distinguish between feedback and feed-forward controls

• explain the potential harmful side-effects of results controls

• Defins the four different types of responsibility centres

• Explain the different elements of management accounting control systems

• describe the controllability principle and the methods of implementing it

• describe the different approaches that can be used to determine financial performance targets and discuss the impact of their level of difficulty on motivation and performance

• Describe the influence of participation in the budgeting process

• Distinguish between the three different styles of evaluating performance and identify the circumstances when a particular style is most appropriate

2.THE BUDGETING PROCESS and DIFFERENT KINDS OF BUDGETS

LEARNING OBJECTIVES

• Explain how budgeting fits into the overall planning and control framework
• Identify and describe the six different purposes of budgeting
• Identify and describe the various staes in the budget process
• prapare functional and master budgets
• Describe the use of computer based financial models for budgeting
• Describe the limitations of incremental budgeting
• Describe activity based budgeting
• Describe budgeting and planning, programming budgeting systems(PPBS) in non-profit organizations
• Describe Zero-base budgeting(ZBB)

3.COMPARE PROS AND CONS OF THE TWO COSTING SYSTEMS (The Absorption Costing(Full Costing) and Variable Costing systems)

TOPIC: Income effects of alternative cost accumulation systems

LEARNING OBJECTIVES

• Explain the differences between an absorption costing and a variable costing system
• Prepare profit statements based on a variable costing and absorption costing system
• Explain the difference in profits between variable and absorption costing profit calculations
• Explain the arguments for and against variable and absorption costing
• Describe the various denominator levels that can be used with an absorption on costing system
• Explain why the choice of an appropriate denominator level is important

Text Book: COST AND MANAGEMENT ACCOUNTING by COLIN DRURY.

The lecture Materials are given through this book : www.gbv.de

Also you can find some references for calculations through www.gcaofficial.org