ACCT1063 Management Accounting And Business Assignment

Management accounting is concerned with all accounting that aims to inform management about operational business metrics. It includes information about the costs of products and services that are purchased by the company. Budgets are used often to quantify decisions made in operational planning. Manager accountants use performance reporting to highlight variances in actual results from budgets.

This course may include the following: Introduction to management accounting-different costs for different purposes; Product or service costing including multiple bases; Information for decision-making; Activity-based pricing - uses implementation and cost management; Pricing decision; Management control systems, performance analysis; Standard costing analysis and variance analysis; Management accounting and ethics; and Management behavioral issues.

Your job is to be the product manager at a snowboard manufacturing firm. As the ACCT1063 Management Accounting And Business Assignment product line manager, you are responsible for all aspects related to production as well the line's profitability. The company's Extreme snowboard line has you directly responsible for its production, marketing, and sales. You can see that sales have fallen in the first quarter and that you are no longer in the top spot in many key markets.

This poor performance will be discussed at the quarterly management meeting. You received information several months ago from an overseas manufacturer, which can make the bindings for your snowboard at a fraction the cost of making them in-house. This will reduce the production cost of the ACCT1063 Management Accounting and Business Assignment, which allows the company to increase its margin, lower prices for customers or a combination of both. You believe that it is time to review this correspondence and begin to put together a plan for improving the Q1 earnings report.

 

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