Reference no: EM131360290
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.
|
Determine allowable vertical shear force on cross section
: In the web, the shear stress is limited to 20 ksi. Use the general shear formula to determine the allowable vertical shear force on this cross section.
|
|
What is the equally likely decision
: Even though independent gasoline stations have been having a difficult time, What is the maximin decision? What is the equally likely decision? Develop a decision tree. Assume each outcome is equally likely, then find the highest EMV
|
|
What type of group would you create and why
: At the community mental health center several Borderline Personality Disordered (BPD) clients have been utilizing the crisis unit with increasing frequency. They have been doing self-mutilating activities but are not suicidal; instead using it to ..
|
|
What do you think should be our next step
: What do you think should be our next step?" While Madeline thinks, what advice would you offer - However, the people that we serve will benefit. The increase in customer satisfaction and goodwill should more than offset the extra cost. The federal..
|
|
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 busines..
|
|
Calculate the maximum bending stress
: Calculate the following based on the full nominal (rough) dimensions:- the maximum bending stress, the maximum bending stress if the boards are glued together and the maximum shear stress in the middle glued joint.
|
|
How you would form the group
: You are working in a community mental health center in a rural area that has a need for you to start an addictions group for clients with alcoholism. You meet with your boss and he asks you to bring your proposal to present at the next board meeti..
|
|
Nominal returns on investments
: Explain why investors are more concerned with the real returns than the nominal returns on their investments.
|
|
How events affected your family and their farming
: Identify a concept/s that you were never aware of or have had more clarity provided by enrolling in this course. The concept must come from chapters 1-3; write about the topic and focus on why it stood out to you. All submissions must be a minimum..
|