Explain the role of the accountant in the international environment.
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250 words - Cost Management II
Explain the role of the accountant in the international environment.
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- An effective managerial accounting system should track information about an organizations activities in which of the following areas? a. Development b. Marketing c. Production d. Design e. All of these.Management accounting: emphasizes special-purpose information relates to the company as a whole is limited to strictly cost figures is controlled by GAAP250 words - Cost Management II Discuss methods of evaluating and rewarding managerial performance.
- How cost accounting is useful for external user as Government ,and customer etc.support your answer by an example.With the aid of relevant examples ,explainthe following management accounting concepts A.theory of constraints B.total quality management C. Just in timeChoose the correct answer(several answer options) Managerial Accounting… O …numbers have to be in line with the GAAP applied O …should assist external stakeholders in decision-making O …includes cost accounting as on of its major tools O …numbers are applied in financial / external accounting in certain cases
- Below are four levels of ERP value realization: a. printing invoices b. production and inventory management + a. c. accounting and finance information integration + a. + b. d. company-wide resource integration Please explain the progress/improvement a company makes from level a. to b., from b. to c., and from c. to d.•Describe the role of management accounting in providing information to managers for decision making, planning and control. •Identify the nature of cost elements and their behaviour.identify managerial accounting techniques that have been developed to meet positioning analysis,activity based management,activity based costing
- Present the following: Definition of managerial accounting Role of managerial accounting and the management accountant in a business or organization Ethical issues/concerns for the management accountant General description of at least three managerial accounting techniques available and their application within a business or organization Part II (Four to six double-spaced 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…Q6 b. You are working with a firm of Cost Consultants. A client having a large manufacturing FMCG co. comes to you for advice for installing a cost accounting system in his organization. What are the basic considerations you would keep in mind in designing a cost accounting and management accounting system for your client? What are the practical difficulties you perceive on its implementation by your client and how do you propose to overcome the same?what is the best design for costing systems? a. to be tailored to the underlying operations of the company. b. in accordance with generally accepted accounting principles for financial accounting reporting. c. to be compatible with the latest technology for data collection regardless of the cost. d. according to guidelines established by the institute of management accountants for aiding management decision making.
