College of Administration and Finance SciencesAssignment (1)
Deadline: Saturday 07/10/2023 @ 23:59
Course Name: Cost Accounting
Student’s Name:
Course Code: ACCT 301
Student’s ID Number:
Semester: 1st
CRN:
Academic Year: 1445 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
• The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
• All answers must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism.
• Submissions without this cover page will NOT be accepted.
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
Q1. “Strategic management and decision-making are fundamental elements in the effective
operation of an organization.” Discuss this statement considering the process of strategic
management and decision-making. Provide an example of one Saudi Company to support your
answer.
(3 Marks)
Note: Your answer must include a suitable example showing the process of strategic management
and decision-making.
(Chapter 1)
Answer:
Q2. a) How is job costing used in the service sector and manufacturing sector?
(1 Marks)
b) Referring to the concept of job costing in the manufacturing sector, what are the journal
entries a manufacturing company must record to show the flow of costs? Explain and analyze
your answer by providing examples of one Saudi company that uses job costing.
(3 Marks)
Note: Your answer must include a suitable example showing all the necessary journal entries.
(Chapter 5)
Answer:
College of Administration and Finance Sciences
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