Search Our Essay Database

Essay Instructions: managerial accounting: The required format of the write-up is similar to the minor case studies you have
completed in the course, though it has been expanded slightly. Your case write-up
should address the following:
1. Background of the company. This should include a brief overview of the
salient points from the case that are relevant for your consideration of the
company?s problems and issues. You should consider its strategy, products
and processes, costing system(s), markets, competition etc and how these
have changed over time. Do not reproduce the text of the case, you only
want to include what is pertinent to the problems and issues in the case!
2. Your assessment of the important problems and issues. (Note that you are
to identify these separately for the major case. Your discussion and analysis
of the underlying causes will then follow in the next section.)
3. Your analysis of the underlying cause(s) of the problems and issues ?
supported by the concepts, frameworks and other materials from the course
and readings, wherever appropriate.
4. Your recommendations for addressing the underlying causes of the
problems and issues.
5. References to the literature you have used in preparing your write-up.
Students should follow the Harvard Style of referencing.
You should consider and address the following questions in your case study,
(but you are not limited to these questions):
(a) Why did Hrudika believe that Elkay PPD needed a new cost system?
ACCT7107 Managerial Accounting & Control Individual Case Study, Semester 1, 2013 2
(b) What causes a product or a customer to be highly profitable or highly
unprofitable?
(c) Why was the new cost system accepted so quickly by Elkay managers?
(d) What do you like about the new costing system? Are there any features that
could be improved based on your knowledge of cost system refinement?
(e) What actions, if any, would you suggest Mark Whittington take with Elkay?s
most profitable customers?
(f) What actions should Mark Whittington take with Elkay?s largest loss
customers, in particular the two large customers on the extreme right hand
side of the cumulative profitability curve (whale curve) on the first page of
the case?
Note: These questions should assist with your considerationof the problems and
issues in the case as well as your recommendations

Essay Instructions: Managerial accounting emphasizes short-term profit analysis, so the income statement is very important. Consequently, we?ll examine and discuss income statements in this first case. The assignment for this module is divided into two parts:

Part I:

Use the background material and Internet to answer the questions below.

Discuss and analyze the difference between managerial and financial accounting. Pay particular attention to:

How is managerial accounting different from financial accounting?
Comment on the different needs and use of financial information for internal purposes.
The managerial accounting profession and its role in today?s business environment. How has it changed over time?
Comment on the Certified Management Accountant (CMA) designation.

Part II:

Keep the analysis from the SLP in mind when addressing the questions below.

Explain the main differences between the absorption and contribution (behavioral, variable) income statements. Will net income always be the same under the two approaches? If not, explain the difference.
Comment specifically on why companies feel the need to create yet another income statement in a different format. What information can the company gleam from this approach which is helpful as a tool in the decision making process.
Explain situations in which break-even analysis can be a useful tool. Provide a specific example.

Essay Instructions: Managerial accounting is intended to provide managers with the information they need to make decisions and run the company successfully. The information must be reliable, timely and complete. Its provision, however, is dictated by the accounting and management information system in place. In recent years, integrated systems known as enterprise resource planning (ERP) systems have become more widespread, even among SMEs. Computer costs have also dropped, while computer speed and capacity have increased.
Discuss the effects of these phenomena on managerial accounting capabilities. Integrated systems should enable the collection of information in greater amounts and faster. Recall that managers need relevant and accurate information quickly in order to make good decisions. Have ERP systems also affected the organization?s financial reporting process?i.e., the process by which the periodic financial statements are produced? Greater amounts of information may actually make financial reporting more difficult, instead of the differing objectives of the two types of accounting. Are there limitations that continue to exist, affecting the production of managerial accounting information? Base your answer on research, your readings and your own experiences. Cite any references.

Essay Instructions: Managerial accounting is intended to provide managers with the information they need to make decisions and run the company successfully. The information must be reliable ,timely and complete. Its provision ,however is dictated by the accounting and management information system in place.In recent years, integrated systems known as enterprise resource planning (ERP) system have become more widespread, even among SMEs. Computer costs have dropped, while computer speed and capacity have increased.
Discuss the effects of these phenomena on managerial accounting capabilities. Integrated systems should enable the collection of information in greater amounts and faster .Recall that managers needs relevant and accurate information quickly in order to make good decisions .Have ERP systems also affected the organisation?s financial reporting process- i.e ,The process by which the periodic financial statement are produced.? Greater amounts of information may actually make financial reporting more difficult ,instead of the differing objectives of the two types of accounting .Are there limitations that continue to exist, affecting the production of managerial information.

PLEASE NOTE THAT THE ASSIGNMENT NEEDS TO GO IN TURN IT IN