Strategic management principles and technologies

Assignment Help Managerial Accounting
Reference no: EM13184481

The Literature Review will contain a summary of leading thoughts on how this project should be approached. If we use the client farm example from Part 1 you would need to find what the literature says about the development, presentation and maintenance of budgets. You should be getting the literature to help you answer such questions as 'what sort of budget should I prepare?' 'how should the budget be presented to be meaningful for the client' and 'how can I set up the budget so that it is easy for the client to maintain it?' It is expected that you use more than the textbook and other texts in this research. Professional journals like In the Black and the Harvard Business Review may be good sources of information. Include a reference list at the conclusion of your literature review using APA style.

The second part of this section of the report is the Methodology, i.e. how have you decided to develop your strategic information based in part on the information that you have gathered in the literature review. What data will you collect and which people will you talk to in order to gather the information. If we go back to the farm example the data that will be collected will be from the monthly accounts, information about auction sale dates, discussion with the partners about optimum times to sell stock. There may also be the preparation of an initial draft budget that is discussed with the partners and then revised with feedback. There may also be discussions as to how to maintain the budget after the completion of the project.
Rationale

This assignment is designed to demonstrate your ability to:

• use strategic management principles and technologies in making and assessing business decisions for profit and not for profit organisations;

• generate, evaluate and use quantitative and qualitative information to measure financial and non financial performance of an organisation;

• generate, evaluate and use information for planning and controlling operations within an organisation;

• develop and evaluate computer spreadsheet models.

In particularly this part of the assignment will demonstrate your ability to conduct research to support your professional activities, an important skill for the professional accountant

Reference no: EM13184481

Baker plumbing fixtures-target costing

uppose the company decides that only 1,400 units can be sold at a price of $5,000 and, therefore, the target cost cannot be reached. The company is considering. dropping the

Work in process inventory, and cost of goods sold

Prepare a journal entry to close the variance accounts at Bell Computers. Assume that the total variance is material and is apportioned among Finished Goods Inventory, Work in

Why are separate price and quantity variances computed

What is meant by the term management by exception? Why are separate price and quantity variances computed? Who is generally responsible for the materials price variance? The

What is a cash budget-how it is useful

What is a cash budget -How it is useful in managerial decision making - pprepare a statement of source and uses of working capital (funds) (b) a schedule of changes in working

Cost recovery-blue company

On November 4, 2006, Blue Company acquired an asset (27.5-year residential real property) for $100,000 for use in its business. In 2006 and 2007 respectively

Statement of financial position and statement of activities

show how these transactions would be reflected on the NBA's financial statements, prepare a December 31, 2013, statement of financial position and statement of activities.

How would managerial accounting tools help the user

If we could use these concepts in service and merchandising businesses, how would we go about doing so? How would managerial accounting tools help the user make decisions proa

Sales volume variance analysis-master vs flexible budget

During the period, actual sales totaled 58,000 units. Prepare a variance report to show the difference between the master budget and the flexible budget.

Reviews

Write a Review

 
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!

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