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In general, managerial accounting differs from financial accounting because it is internally focused as opposed to externally focused. Managerial accounting (or strategic cost analysis) is centered on decision making and the management of the firm.
As a mechanism to introducing yourself to the scope of strategic cost analysis, please post an example of the application of strategic cost analysis to decision making in a firm.
As an example, budgeting is a key planning tool that allows for the measurement and evaluation of plans. In addition, budgets are the key communication vehicle of company financial and operating plans to all employees. Please take a similar example of a key strategic cost tool and discuss its importance to the decision process of the firm.
This week’s materials focus on Strategic Thinking. This type of thinking employs the principles of Vision, Values and Mission. Your assignment this week is to develop a classroom lecture that details each of these principles, and notes how each affec..
What are the likely motivations of the first group and what probably incites the nationalist groups to oppose headscarves?
Read two articles discussing the probation and ultimate firing of former Indiana University basketball coach Bobby Knight. Discuss why the University took the action it did, including a discussion of agency law, potential liability and the rights of ..
History has shown that people tend to rebuild in disaster-prone areas. Should governing bodies prevent this from occurring for the sake of the overall safety of the community? Why or why not?
According to the opinion in Texas v. Johnson, why does the First Amendment protect the flag burning that Johnson engaged in? Why was Justice Black so concerned about the Court's decision in the Tinker case and how does he differ from the majority on ..
Is Wal-Mart’s rapid rise to retail dominance a positive or a negative development for our society? What does it tell us about capitalism, globalization and the plight of the worker?
Consider the following project. Activity Predecessors a m b A Start 2 5 20 B Start 3 5 13 C Start 3 8 13 D A, B 1 4 7 E B, C 6 9 18 F C 6 7 14 G D 7 10 19 H F 4 6 14 I D, E, H 3 4 17 Draw a network for the project using the immediate predecessors. Ca..
What is the purpose of a cash-flow budget? What does it reveal? Of what value would it be to Regina? Who would generally review this information and what might they do with it? Be sure to analyze the topic very thoroughly and cite at least two..
As I was reviewing/researching supporting data on marketing research and it is relationship to understanding marketing strategy, I came across this very interesting e-book that poses the question - Is Your marketing strategy on target?
Using the Library, locate an academic journal article that discusses discrete random variables or continuous random variables. In a Word document, provide the step by step process you used to locate the article and cite the article in current APA for..
Renesmee Corporation is a chemical company. The research and development manager is trying to decide whether or not to develop a new solvent that would work at all conditions.
How does a manager “learn” to manage workplace ethical behavior? Is it from examples that managers become better at managing ethics in the workplace? That it can be non-productive. That training is not like the “real-to-life” complexities of unethic..
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