Assignment: Accounting Report
Student should keep a journal in which you record regular notes for each class. How you choose to do this is completely up to you. Thinking on paper about what you are learning, or to describe experiences that present a concept that you have been reading about, increases the likelihood that you will look at the event from a different perspective and learn something from it. The journal should be a collection of thoughts about your personal education in the area of strategic accounting. Entries should consist of your reflections and understandings related to course concepts and descriptions of experiences which reflect the specific ways that you are applying or intending to apply, course concepts and analyzing their usefulness.
Your written reflection could be in the context of your professional situation with your current employer, or you could contemplate a future career target. You do not have to turn in your journal, the deliverable is a report of your reflections. Your report will be treated as strictly confidential.
The report should be no more than 5 single-sided, double-spaced pages.
Evidence of a working knowledge of the usefulness of specific accounting tools and a reflection on how you are applying, or intend to apply, accounting concepts that were discussed in the course.
Writing clarity and presentation, including spelling, punctuation, grammar and references.
1 The role of managerial and financial accounting;
Role and composition of MD&A
2 Financial and non-financial performance measures;
Benchmarking and sensitivity analysis
3 Using Costs in decision making: Kaizen, Life Cycle Costing, Value Chain Analysis
4 Unique aspects of NFP budgeting, pricing, program evaluation;
Zero based budgeting
5 Accounting Professionalism and Ethical Professional Judgment;
Corporate social responsibility and the triple bottom line
6 Management incentives and compensation methods;
The accountants role in corporate governance
7 Financial Statement Reporting - explain results to various users
8 Risk Management Policies and response alternatives
9 Risk Inventory creation, assessment and reporting of risk
10 Pension Accounting and managerial considerations
I would like you to do the third one: Using Costs in decision making: Kaizen, Life Cycle Costing, Value Chain Analysis. Materials(what we have learnt in class) about this topic are the PDF documents.
Achieving Full-Cycle Cost Management
VALUE CHAIN ANALYSIS FOR ASSESSING COMPETITIVE ADVANTAGE
Text Book: STRATEGIC MANAGEMENT SERIES Management- Accounting Guideline.