Decision Making with Managerial Accounting
Focus of the Final Paper
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
Capital Investment Decision Techniques
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.
Show the operation of all the bin-packing strategies discussed in Section 10.1.3 on the input 0.42, 0.25, 0.27, 0.07, 0.72, 0.86, 0.09, 0.44, 0.50, 0.68, 0.73, 0.31, 0.78...May 27 2020
Use the information below to answer the following three questions You have identified two portfolios of interest; a stock portfolio which has an expected return of 8.5% p...Jan 31 2020
• Discuss the connection between employee performance and pay. • Describe how organizations combine incentive plans in a balanced scorecard. • Discuss issues related to...May 28 2018
Determine the member end moments and reactions for the frames shown in Figs. P16.17–P16.20 by using the slope-deflection method.May 25 2020
xt =1+0.5xt-1+et whereet ~i.i.d.N(2,4) What is the conditional one-step-ahead forecast (conditional mean) of x5 given x4 = 5? What is the conditional variance of xt for a...Jun 04 2020
Imagine an island economy that is periodically struck by an epidemic disease that affects only children. From past experience the islanders found that the disease strikes...Mar 27 2020
For complements: a. cross price elasticity of demand is negative b. cross price elasticity of demand is positive c. price elasticity of income is negative d. price el...May 18 2018
Describe in detail the importance of the spleen to the function of the body as a whole. What are the function of the spleen and how is it critical for survival?Identify a...Apr 15 2020
What is the Big-O measure for initializing the free list in the array-based linked implementation? For the functions GetNode and FreeNode? >Apr 17 2020
Discussion 1 Over the past few years, cybersecurity has made its way onto every organization’s radar. Hardly a week goes by without another high-profile breach, and with ...Apr 02 2020