Reference no: EM131173660
Decision Making with Managerial Accounting
Due to varying business characteristics, the managerial accounting techniques applied in each business may differ. For example, a business in the start-up phase may rely heavily upon budgeting and capital investment techniques; whereas, a business in the mature/maintaining phase may rely heavily upon cost management and quality control. Ultimately, the techniques used by management should assist the business in achieving its short-term and long-term goals through effective decision-making.
For your Final Paper, you will analyze the role of managerial accounting in two parts. Part I will provide a general overview of managerial accounting. Part II will provide examples of how managerial accounting theories and principles are applied in the business world. You may find it helpful to reflect upon your own professional experiences for examples.
Part I (three to four double-spaced pages, excluding the title and reference pages)
Present the following:
• Define managerial accounting
• Describe the role of managerial accounting and the management accountant in a business or organization
• Describes ethical issues/concerns for the management accountant
• Describes at least three managerial accounting techniques available and their application within a business or organization
Part II (Four to six double-spaced pages, excluding the title and reference pages)
Select at least three of the five topics identified below:
• Cost Management Techniques
• Costing Methods
• Capital Investment Decision Techniques
• Budgeting
• Quality Control
For each topic selected, present real world examples of the application of managerial accounting techniques within a business or organization. Examples may be gathered from your own professional experiences or from case studies obtained from credible sources (excluding textbook examples explored in previous weeks). Presentation of each example should include how a managerial accounting technique was applied in the business or organization's decision-making model. Be sure to support your example with calculations when applicable.
Writing the Paper
The Paper:
• Must be eight to ten double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center.
• Must include a title page with the following:
o Title of paper
o Student's name
o Course name and number
o Instructor's name
o Date submitted
• Must begin with an introductory paragraph that has a succinct thesis statement.
• Must address the topic of the paper with critical thought.
• Must end with a conclusion that reaffirms your thesis.
• Must use at least five scholarly sources.
• Must document all sources in APA style.
Relationship between the companys values and strategy
: What is the relationship between SWOT and Strategy? Provide real world examples. Additional research is necessary by using scholarly publications. Cite accordingly.
|
Calculate the vibration amplitude and its uncertainty
: The vibrating wedge shown in Fig. 11.1 is used for an amplitude measurement. The length of the wedge is 15 cm ± 0.5 mm and the thickness is 2.5 cm ± 0.2 mm. The x distance is measured as x = 5.6 cm ± 1.3 mm. Calculate the vibration amplitude and i..
|
Allocates control efforts accordingly
: The A-B-C approach classifies inventory items according to some measure of importance, usually annual dollar value- and then allocates control efforts accordingly.
|
Vector of ones and zeros
: Write a function called flipNth, that will flip every Nth entry of the input vector (make the entry 0 if it is 1 and make it 1 if it is 0) and return the modified vector. The function declaration line should be function [outVec] = flipNth(inVec, N)
|
Explain the role of managerial accounting
: Describe the role of managerial accounting and the management accountant in a business or organization. Describes ethical issues/concerns for the management accountant
|
Probability that the first card is a spade
: A card is randomly chosen from the deck. It is then replaced and a second card is chosen. What is the probability that the first card is a spade and second card is a diamond?
|
Greater percentage of republican
: What is the probability that the survey will show a greater percentage of Republican voters in the second state than in the first state?
|
Find the probability that an even number
: Question 1: A die is rolled, find the probability that an even number is obtained. Question 2: Two coins are tossed, find the probability that two heads are obtained.
|
Thinking about bivariate distributions
: In this unit you are thinking about bivariate distributions. One important feature of these distributions is covariance which ultimately establishes whether the two variables tend to "move together positively," "move inversely," or have no relati..
|