{"id":4059,"date":"2019-04-16T16:46:21","date_gmt":"2019-04-16T06:46:21","guid":{"rendered":"https:\/\/casestudyhelp.com\/sample-questions\/?p=4059"},"modified":"2019-04-22T20:11:25","modified_gmt":"2019-04-22T10:11:25","slug":"acct602-managerial-accounting-for-decision-making-questions-and-answers","status":"publish","type":"post","link":"https:\/\/casestudyhelp.com\/sample-questions\/acct602-managerial-accounting-for-decision-making-questions-and-answers\/","title":{"rendered":"ACCT602 Managerial Accounting for Decision Making Questions and Answers"},"content":{"rendered":"<p style=\"line-height: 138%; margin: 0.05in 0.5pt 0.0001pt 0in; text-align: left;\" align=\"left\"><strong>Worth 20 marks<\/strong><\/p>\n<p style=\"text-align: justify;\">Assume that you are a certified management accountant and you are asked by an organization located in Qatar to conduct a professional consultation with regard to one of the following management accounting issues:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Job-order costing system.<\/li>\n<li>Overhead cost allocation\/assignment in product costing<\/li>\n<li>Cost management<\/li>\n<li>Breakeven analysis (cost-volume-profit analysis).<\/li>\n<li>Customer profitability analysis<\/li>\n<li>Budgeting<\/li>\n<li>Variance<\/li>\n<li>Balanced scorecard<\/li>\n<li>Accounting for decision making<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a title=\"ACCT602 Managerial Accounting\" href=\"https:\/\/casestudyhelp.com\/mba\/managerial-accounting-assignment-help.html\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-4060\" src=\"https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2019\/04\/Managerial-Accounting-1024x683.png\" alt=\"Managerial Accounting\" width=\"750\" height=\"500\" srcset=\"https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2019\/04\/Managerial-Accounting-1024x683.png 1024w, https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2019\/04\/Managerial-Accounting-300x200.png 300w, https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2019\/04\/Managerial-Accounting.png 1280w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/a><\/p>\n<h2 style=\"text-align: justify;\"><span style=\"text-decoration: underline;\">Guidelines:<\/span><\/h2>\n<p style=\"text-align: justify;\"><strong>1)\u00a0<\/strong> \u00a0Select a Qatari company or foreign company operating in Qatar as the object of your report. Assume that the company needs your professional advice on <strong><em><span style=\"text-decoration: underline;\">ONLY<\/span><\/em><\/strong> one of the above mentioned management accounting<\/p>\n<p style=\"text-align: justify;\"><strong>2)\u00a0<\/strong> \u00a0Select<span style=\"text-decoration: underline;\"> tw<\/span>o (2) peer reviewed journal articles and two <span style=\"text-decoration: underline;\">(t2)<\/span> practitioner articles.<\/p>\n<p style=\"text-align: justify;\">These articles should address the specific managerial accounting problem that you had selected earlier. To find out these articles, you are advised to access the following peer reviewed academic journals: <em><span style=\"text-decoration: underline;\">Harvard Business Review<\/span>, Management Accounting Quarterly, CIMA publications, CMA research publications, <span style=\"text-decoration: underline;\">Management Accounting Research<\/span>, <span style=\"text-decoration: underline;\">Journal of Management Accounting Research<\/span>, <span style=\"text-decoration: underline;\">Journal of Accounting and Organization Change<\/span>, <span style=\"text-decoration: underline;\">Qualitative Research in Accounting and Management<\/span>, <span style=\"text-decoration: underline;\">The British Accounting Review<\/span>, <span style=\"text-decoration: underline;\">European Accounting Review<\/span>, <span style=\"text-decoration: underline;\">Accounting, Organization and Society<\/span>, <span style=\"text-decoration: underline;\">Critical Perspectives on Accounting<\/span>. etc<\/em><\/p>\n<p style=\"text-align: justify;\">Use the articles to develop a methodology or framework for your engagement. The methodology\/framework should serve as a tool for:<\/p>\n<p style=\"text-align: justify;\">Identifying the problems\/issues with the way the organization has designed and implemented the topic you have chosen;<\/p>\n<p style=\"text-align: justify;\">Analysing the problems\/issues identified in the light of \u201cbest practice\u201d<\/p>\n<p style=\"text-align: justify;\">Making recommendation; highlighting the potential impacts of your recommendations and indicating how the recommendations may be<\/p>\n<p style=\"text-align: center;\"><a title=\"Order Now\" href=\"https:\/\/casestudyhelp.com\/MyOrder.php\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-4044 size-full\" src=\"https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2019\/04\/Order-now.png\" alt=\"Order Now\" width=\"552\" height=\"87\" srcset=\"https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2019\/04\/Order-now.png 552w, https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2019\/04\/Order-now-300x47.png 300w\" sizes=\"(max-width: 552px) 100vw, 552px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><strong>3)<\/strong>\u00a0\u00a0<span style=\"text-decoration: underline;\">Requirement (20 marks)<\/span><\/p>\n<p style=\"text-align: justify;\"><strong>Report (16 marks)<\/strong><\/p>\n<ol style=\"text-align: justify;\">\n<li>Write a report to the chief executive of the company you selected. The report should include:<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">a)\u00a0 Explanation of the methodology you used (<strong>2 marks<\/strong>);<\/p>\n<p style=\"text-align: justify;\">b)\u00a0 Critical analysis of the problems\/issues identified and the findings thereof (<strong>4 marks<\/strong>); and<\/p>\n<p style=\"text-align: justify;\">c)\u00a0 Recommendation, including:<\/p>\n<ul style=\"text-align: justify;\">\n<li>A discussion of the recommended actions (<strong>3 marks<\/strong>)<\/li>\n<li>A discussion of the potential impacts of your recommendations (<strong>4 marks<\/strong>)<\/li>\n<li>An explanation of how feasible it will be to implement the recommended actions (<strong>3 marks<\/strong>)<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Your submission<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>A soft copy of the report <strong><em><span style=\"text-decoration: underline;\">MUST<\/span><\/em><\/strong> be submitted by <strong>30<\/strong><strong>th <\/strong><strong>April 2019<\/strong><\/li>\n<li>The length and content of the report might vary from one student to another; depending on the selected management accounting problem. Nevertheless, the report should not exceed 10 pages excluding the cover page and the<\/li>\n<li>Please use <strong><em><span style=\"text-decoration: underline;\">Times New Roman, <\/span><\/em><\/strong><strong><span style=\"text-decoration: underline;\">12 <\/span><\/strong><strong><em><span style=\"text-decoration: underline;\">font, double spaced,<\/span><\/em><\/strong> and minimum of <em>2cm <\/em>on each margin for the body of the<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Quiz (4 marks)<\/strong><\/p>\n<p style=\"text-align: justify;\">3.2.1. A quiz will be conducted in class requiring you to answer specific questions relating to aspects of the report you have submitted.<\/p>\n<p style=\"text-align: justify;\">3.2.2. The quiz will be conducted on<strong>\u00a02019.<\/strong><\/p>\n<h2 style=\"text-align: justify;\"><strong>Report on Engagement in the Business Community from a Managerial Accounting Perspective<\/strong><\/h2>\n<p><strong>Pre-engagement<\/strong><\/p>\n<ul>\n<li>Undertake pre-engagement activities for capturing the context and the functional design of the accounting system of interest<\/li>\n<li>Develop a methodology for the engagement<\/li>\n<li>Framework or structure that defines how the engagement will proceed<\/li>\n<li>Developed based on your reading of academic and professional articles on the topic<\/li>\n<li>Allows you to develop a body of knowledge about the subject matter<\/li>\n<li>What contextual issues affect the design and use of the accounting system?<\/li>\n<li>What are technical design issues critical for the system?<\/li>\n<li>What behavioral factors affect the functionality of the system?<\/li>\n<li>Develop a checklist of issues to follow during the engagement<\/li>\n<li>The methodology forms the basis for your analysis and recommendations<\/li>\n<\/ul>\n<p><strong>The-engagement<\/strong><\/p>\n<ul>\n<li>Negotiate access to the organization<\/li>\n<li>Examine available key documents at the beginning<\/li>\n<li>Helps identify what needs to be followed<\/li>\n<li>Shapes the questions to ask<\/li>\n<li>Be guided by the checklist you developed<\/li>\n<li>Respect the confidentiality of the documents gathered<\/li>\n<li>Face-to-face interaction (interview\/discussion)<\/li>\n<li>An ice-breaker is necessary<\/li>\n<li>Establish a balance between talking and listening<\/li>\n<li>Do not take for granted what the managers present as the problem(s); they could be the symptoms of major problems<\/li>\n<li>You need to determine the real problems by focusing on the root causes (explore the context); the problem may be redefined<\/li>\n<li>Diagnosis<\/li>\n<li>Effective diagnosis requires an understanding of the context; the accounting system and managerial\/employee behavior<\/li>\n<li>Find out the system that existed (if any) before the current one<\/li>\n<li>Ask why the system was changed<\/li>\n<li>Explore what informed the choice of the current system<\/li>\n<li>What was it intended to achieve?<\/li>\n<li>What significant issues have they encountered and with what effects?<\/li>\n<li>What alternatives have they considered and why have they not implemented those alternatives?<\/li>\n<li>If the problem is solved, how will they apply the solution and what will be the impact?<\/li>\n<li>Be guided by your methodology<\/li>\n<li>Do not forget to take detailed notes of your engagement<\/li>\n<\/ul>\n<p><strong>Post-engagement<\/strong><\/p>\n<ul>\n<li>Present a clear analysis of the problem<\/li>\n<li>Should reflect what you have learnt about the problem<\/li>\n<\/ul>\n<p><strong>Post-engagement<\/strong><\/p>\n<ul>\n<li>Develop recommendations<\/li>\n<li>Present a consistent, logical action plan designed to improve the diagnosed problem<\/li>\n<li>Indicate the potential impact of your recommended action plan<\/li>\n<li>Explain how feasible it will be to implement the recommended actions<\/li>\n<li>Prepare a report<\/li>\n<\/ul>\n<script type=\"text\/javascript\" charset=\"utf-8\" src=\"http:\/\/w.sharethis.com\/widget\/?wp=6.2.9\"><\/script>","protected":false},"excerpt":{"rendered":"<p>Worth 20 marks Assume that you are a certified management accountant and you are asked by an organization located in Qatar to conduct a professional consultation with regard to one of the following management accounting issues: Job-order costing system. Overhead cost allocation\/assignment in product costing Cost management Breakeven analysis (cost-volume-profit analysis). Customer profitability analysis Budgeting [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1646],"tags":[1652,1647,1654,1657,1659,1655,1650,1649,1651,1658,1648,1656,1653],"_links":{"self":[{"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/posts\/4059"}],"collection":[{"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/comments?post=4059"}],"version-history":[{"count":4,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/posts\/4059\/revisions"}],"predecessor-version":[{"id":4096,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/posts\/4059\/revisions\/4096"}],"wp:attachment":[{"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/media?parent=4059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/categories?post=4059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casestudyhelp.com\/sample-questions\/wp-json\/wp\/v2\/tags?post=4059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}