Managerial Accounting 2 - 71995

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  • From: Business,
  • Due on: Mon 11 Aug, 2014 (09:59pm)
  • Asked on: Mon 11 Aug, 2014
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Description

These are all seperate discussion questions

This is due on Aug25,2014

Activity 1_03

Instructions

Activity Instructions: Essay on the Objectives of Management Accounting

Write an essay describing how cost-volume-profit analysis, sensitivity analysis, breakeven analysis, and regression analysis assist with management decisions. Include a discussion of the information each of these analyses provides and the specific cost management objectives and decisions such information helps facilitate.

Your Activity responses should be both grammatically and mechanically correct, and formatted in the same fashion as the Activity itself. If there is a Part A, your response should identify a Part A, etc. In addition, you must appropriately cite all resources used in your response and document in a bibliography using APA style. (100 points) (A 3-page response is required.)

 

Activity 2_06

Instructions

Activity-Based Costing (ABC) has been developed as a methodology for determining the cost of products and services. Activity-Based Management (ABM) has been developed as a basis for the use of financial information for managerial decision-making. This assignment introduced you to the basic concepts and applications of activity analysis and ABC. Utilize the knowledge base you gained from the Lecture and Research Update and your Required Readings to complete this activity.

Research at least two (2) articles that include a description of a company's design and implementation of an ABC system. Good sources include Strategic

Finance, Management Accounting Quarterly, and the Journal of Cost Management.

Then prepare a report on your findings. Your response should include the following.

  1. Company Name
  2. Company Industry
  3. Description of the ABC Application
  4. Assessment of the Benefits of the ABC System for the Company
  5. Discussion of the Implementation of an ABC Project

Your Activity responses should be both grammatically and mechanically correct and formatted in the same fashion as the Activity itself. If there is a Part A, your response should identify a Part A, etc. In addition, you must appropriately cite all resources used in your response and document them in a bibliography using APA style. (100 points) (A 4-page response is required.)

 

Discussion Question 3_08

 

Instructions

Upon completion of the Required Readings, write a thorough, well-planned narrative answer to the following discussion question. Rely on your Required Readings and the Lecture and Research Update for specific information to answer the discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information. Your Discussion Question responses should be both grammatically and mechanically correct and formatted in the same fashion as the questions themselves. If there is a Part A, your response should identify a Part A, etc. In addition, you must appropriately cite all resources used in your responses and document them in a bibliography using APA style.

Go to La-Z-Boy’s Web site (www.la-z-boy.com) and click on the “Our Furniture Line” tab. Then click on the “Recliners” icon. Find and compare the characteristics (size and movement) and options (types and color of fabrics) available for the Artie, Atlas, and Baxter recliner models. In addition, think about how and where these products may be purchased. (25 points) (A 1½-page response is required.)

  1. What type of costing system do you think would work best for La-Z-Boy in manufacturing recliners? Give three (3) reasons/rationales for using the type of system you chose.
  2. Do you think that an activity-based costing system could be used for the La-Z-Boy recliners? Why or why not?

 

 

Stand-Alone Project_17

Instructions

Stand-Alone Project: Case Study in Managerial Accounting (250 points)

You should begin working on the Stand-Alone Project early in the course. Each assignment provides a benchmark for completing the Stand-Alone Project in a timely manner while working through the course. You will find this information in the “Stand-Alone Project Benchmark” section of each assignment.

Your Stand-Alone Project responses should be both grammatically and mechanically correct and formatted in the same fashion as the project itself. If there is a Part A, your response should identify a Part A, etc. In addition, you must appropriately cite all resources used in your response and document them in a bibliography using APA style.

Each assignment in this course focuses on a different concept in managerial accounting. These concepts apply whether a firm is involved in manufacturing, merchandising, or service, as well as non-profit organizations. The purpose of this project is to help you understand the use and application of the concepts covered in the course. You are being asked to study an actual firm and to report on its use of the concepts covered in this course. (250 points) (A 20-page response is required.)

Part A

Select a firm that is publicly traded. This ensures you can access the needed data and information from published financial disclosures and articles found in various business journals such as Strategic Finance, Management Accounting Quarterly, etc.

 

 

 

 

Note: For large firms, you may want to study only a segment of the firm. If so, ensure that you break down company data for the segment chosen.

 

 

 

 

Provide the following background information on the firm you selected. (25 points)

 

1.Firm Name

 

2.Description of the Industry in Which the Firm Operates

 

3.Type of Business or Segment of the Firm (manufacturing, merchandising, service, or non-profit organization)

 

4. General Description of the Firm’s Operations, Organization, Products, and Markets

 

 

 

 

Note: The rest of the report will deal with the concepts covered in this course. Following are concepts that should be discussed in your report. Although some discussion relating to each concept is expected, please feel free to place a greater emphasis on topics of special interest to you. You may also want to place an emphasis on an area of weakness that may result in corrective action by the firm.

 

 

 

 

Conversely, for your benefit, you may want to explore in depth a topic in which the firm has a real strength. Your study may find areas in which the firm needs improvement. A “no” answer for many of the questions would indicate a weakness in the firm’s systems. In those instances, you should make recommendations. Provide complete details of the recommendations that you make, including why the recommendation is being made and the benefits to be gained. Each of the following components of your report requires a minimum of two (2) pages. This allows flexibility for you to emphasize your areas of specific interest.

 

 

 

Part B

Cost Behavior and Cost-Volume-Profit (CVP) (Lesson #1): Assess your firm’s use of these tools. (45 points)

 

1.Does the firm break down their costs by behavior?

 

2.Do they determine their break-even point?

 

3.Do they use these concepts in the decision-making process? Do you have any recommendations to make?

 

 

 

Part C

ABC, Job Order, and Process Costing and Cost Allocations (Lesson #2): Describe the cost system used by your firm. (45 points)

 

1.If your firm is not using ABC costing, do you think that it is a good candidate to do so? Why or why not?

 

2.Do you have any recommendations to make?

 

 

 

Part D

Budgeting and Variance Analysis (Lesson #4): Describe the budgeting process used by your firm. (45 points)

 

1.Does the process follow the responsibility concept?

 

2.Can you ascertain how employees view the process?

 

3.Is a flexible budget concept used? Do you have any recommendations to make?

 

 

 

Part E

Cost, Profit, and Investment Center (Lesson #5) (45 points)

 

1.Is decision making centralized or decentralized?

 

2.How is performance evaluated?

 

3.Does the firm follow the decision-making and evaluation concepts covered in this course?

 

4.Does the firm use a balanced scorecard?

 

5.Do you have any recommendations to make?

 

 

 

Part F

Decision-Making Policies (Lesson #6): You were given a number of examples showing how relevant financial information was used in decision making. Review the firm’s policies regarding these decisions. (45 points)

 

1.Does it follow the concepts covered in this course?

 

2.Do you have any recommendations to make?

 

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