Each part needs to be roughly 250 – 500 words each. Try to make each posting engaging if you can and
please follow the CRISP format below.
Part 1
Discuss all of the following:
•
•
•
Different managerial uses of cost information
The meanings and decision making uses of sunk costs, opportunity costs,
avoidable costs and relevant costs
Experiences you have with these costs, whether it be in your daily personal
life or in your professional life
Part 2
Discuss all of the following:
•
•
•
The flow of costs from raw materials to cost of goods sold (the flow all the
way through the production process until they are sold to a customer) in a
manufacturing organization.
How the cost flows differ in a depending on the type of business (retail
organizations, service organizations, and manufacturing organizations).
How costs flow in your organization based on your understanding of the
material
Part 3
Discuss all of the following:
•
•
The advantages and disadvantages to using an ABC system
Why an organization might not experience financial improvement after
implementing an ABC system with hopes of process improvement and cost
reductions
Part 4
Discuss the following:
•
Consider an organization that has empowered its employees, asking them to
improve the quality, productivity, and responsiveness of their processes that
involve repetitive work. This work could arise in a manufacturing setting, such
as assembling cars or producing chemicals, or in a service setting, such as
processing invoices or responding to customer orders and requests. Clearly, the
workers would benefit from feedback on the quality (defects, yields) and
process times of the work they were doing to suggest where they could make
improvements. Identify the role, if any, for sharing financial information with
these employees to help them in their efforts to improve quality, productivity,
and process times. Be specific about the types of financial information that
would be helpful and the specific decisions or actions that could be made better
by supplementing physical and operational information with financial
information.
Part 5
Discuss all of the following:
•
•
Any experience you have with utilizing the balanced scorecard and strategy
map
Ways in which you may be able to utilize managerial accounting and the
balanced scorecard or strategy map in your field
Part 6
Discuss all of the following:
•
•
•
The key uses of a budget for an organization that you are a part of
(manufacturing, service, nonprofit)
The ways that budgeting can be extended beyond an organization to your
personal life
The best approach to making budget cuts across an organization
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
