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Management Accounting Assignment Help
Task : 1
ACCOUNTING FOR BUSINESS DECISIONS
- Accounting Concepts and Conventions
- Elaborate the various types of inventory control techniques in details
Task : 2
ECONOMIC ANALYSIS FOR BUSINESS DECISIONS
Write a detailed analysis of the country you had chosen over the following parameters:
- Detailed history of the country
- Major milestones of the country
- Political conditions of the country
- Major leading economic drivers
- Primary market drivers
- Secondary market drivers
- Tertiary market drivers
- Major leading economic indicators
- GDP, GNP, Per Capita Income, Employment Rate etc
- PPI
- CPI
- Employment Cost Index
- Monetary and Fiscal Policy
- Role and rates of Central Govt
- Forecasting of the Economy
Task : 3
LEGAL ASPECTS OF BUSINESS
1. Elaborate the Memorandum of Association and Articles of Association in details. 2. Rights, Duties and liabilities of an Agent and Principal.
Task : 4
BUSINESS RESEARCH METHODS
Tulsa’s Central Business District, the Metropolitan Tulsa Chamber of Commerce had recognized that there was an absence of Timely information about the Central Business District. There was a great need for information for investment decision making, commercial efforts and continued revitalization of downtown area. One of the research projects was a survey of chief-executive s of Business firms in CBD. The purpose of this survey was to gather information concerning the number of employees working in downtown Tulsa, employees’ salary distributions, proposed future investment in downtown Tulsa, and executives’ attitude towards a variety of dimensions of the downtown area.
For the purpose of this research, downtown Tulsa was defined as coinciding with Census Tract 25 and the inner disposal loop (a system of expressways). A mail survey of the chief executives of business firms within the inner disposal loop was conducted.
In order to ensure a representative picture of executives’ opinion s of downtown Tulsa, each firm within the CBD was given the opportunity to be selected in the sample. However, as the large firms were expected to have a greater impact on the future of downtown, a stratified sample was selected .Prior to sampling, these large firms were identifies in the basis of information gleaned from the Oklahoma Employment Security Commission and a proprietary source listing the square footage of firms in the CBD. Several additional firms were included after researchers consulted with the Metropolitan Tulsa chamber of commerce. The stratum of large firms consisted of 154 major firms within the inner dispersal loop. This stratum was broken into two parts: key firms, including the largest 40 firms and other major firms, including the remaining 114 firms. Every firm on this list of major firms was sent a questionnaire. The other stratum consisted of all other firms in the CBD.
A systematic random sample of the firms was selected in the second stratum from Polk’s city of Tulsa Directory. The sample size for this stratum was 218. Together then, total sample had 372 elements.
Of the 372 questionnaires sent out, 11 were undeliverable or otherwise unusable, leaving a true sample size of 361. 219 out of 361 remaining questionnaires were filled out and returned. Thus, the survey yielded approx.61% response rate. To ensure a high response rate, the researchers sent an advance notification letter to all firms selected in the sample, and then a cover letter from the president of Chamber of Commerce was included with a questionnaire. A follow-up letter (with second questionnaire included) was sent to those firms that did not respond after three weeks had elapsed.
Researchers made telephone calls to certain key firms that did not respond after six week had elapsed, asking if the questionnaires had been received and if, they could be completed and returned.
- Is a mail survey the best way to contact business executives in this situation?
- Evaluate the sampling design in this case.
- Does the questionnaire method of data collection appears to be satisfy the research objectives? Why or Why not?
Task : 5
ORGANISATIONAL BEHAVIOUR
- Perform the Big Five Personality test on two of your family members preferably parents, compare and find out whether the test results hold true.
- Investigate and Analyze Motivational Factors of a company of your choice. (Prepare a report)
Task : 6
BASICS OF MARKETING
CASE STUDY
CONSUMERS CONFOUND MARKETERS
Household spending by all UK households amounted to over £500 billion in 1997, or 63% of gross domestic product. This level of expenditure is very closely related to conditions in the country's macro-economic environment. For marketers, it is crucial to be able to read the macro-economic environment and to predict the effects of change in demand for their goods and services. Identifying turning points in the economic cycle has become a work of art as well as science, as consumers frequently confound experts by changing their expenditure levels in a way which could not have been predicted on the basis of past experience.
During the Autumn of 1998, mortgage rates in the UK were falling; unemployment was close to its lowest level for two decades; pay rises were keeping ahead of inflation; and share prices were recovering from their recent falls. Yet expenditure by British households was falling sharply. For three consecutive months retail sales fell in value, with retailers such as Marks and Spencers and Storehouse reporting below expected levels of sales. Retailers have traditionally found excuses to justify poor sales to their shareholders, including weather which is too cold/too hot. Even the death of Diana Princess of Wales was widely blamed for keeping people out of the shops.
Throughout 1998, prices of consumer goods had fallen significantly, with consumer durables down in price by an average of 2% in a year and clothing by 5%. Economic theory would have suggested that lower prices would have resulted in higher sales, especially considering the other favourable elements of the macro-environment. However, this did not appear to be happening.
What else could have been happening in the marketing environment to explain falling household expenditure? At the time, the media was full of reports of an impending global economic crisis, triggered by difficulties in the Asian economies. Consumer confidence is crucial to many high value household purchases such as houses and cars, with consumers reluctant to commit themselves to regular monthly repayments when their source of income is insecure. Even this may be only a partial solution, as a survey of consumer confidence carried out in October 1998 by GFK on behalf of the European Commission showed that although consumers were pessimistic about the state of the national economy, they were quite upbeat about their personal financial situation.
One possibility was that consumers had become cannier. If prices are falling, why not wait longer until prices have fallen further? Consumers had also witnessed the effects of previous over-borrowing and had been more cautious during the recent period of economic growth, resulting in a historically low level of personal sector indebtedness. In 1997, 9% of disposable household income was saved, compared with just 3% at the height of the economic boom of 1988.
For companies who need to commit resources a long while in advance in order to meet consumers’ needs, an accurate understanding of the market environment is crucial if stock surpluses and shortages are to be avoided. But this case shows that getting it right can still be very difficult.
- Identify all of the environmental factors that can affect the demand for consumer durables and assess the magnitude and direction of their impact.
- In what ways can a manufacturer of consumer durables seek to gain a better understanding of its marketing environment?
- How can a manufacturer of consumer durables seek to respond to environmental change as rapidly as possible?
Task : 7
BUSINESS COMMUNICATION
- What is the difference between Resume and C.V?
- Define Communication process? Write down the types of communication?
- Write down the barriers of communication?
- Write down the advantages and disadvantages of Business Communication?
Task : 8
LEADERSHIP IN MAKING
Students will identify 15
of the under mentioned Leadership Traits that they think suits their personality best
. Each student will write a paragraph
on each of these selected 15 traits highlighting how they relate to these traits, from their experiences
.
- Honorable Character
- Selfless Service
- Professional Competence
- Intellectualism
- Confidence
- Positive Attitude
- Trustworthiness
- Persuasion
- Self-Development
- High Energy Levels
- Work - Life Balance
- Time Management
- Innovative And Creative
- Prudence – Wisdom, Impartiality And Tact.
- Temperance – Self-Control, Purity, Humility And Patience.
- Fortitude – Resist, Endure And Triumph Over The Trails And Temptations Of Life.
- Awareness
- Mission
- Flexible Obstinacy
- Opportunism
- Self – Assurance
- Substance
- Endurance
- Inspiration And Charismatic Personality
- Communication
- Judgement
- Ambition
- Caring
- Trustworthy
- Intelligent
- Disciplined
- Courageous
- Decisiveness – Make Tough Decisions
- Empathy – Address Problems With A Genuine Concern
- Accountability – Take Responsibility For Everyone’s Performance
- Confidence – Their Confidence Is Contagious
- Optimism – Source Of Positive Energy
- Honesty – Transparency In All Dealings
- Focus
- Inspiration – Motivates Everyone To Give Their Best All The Time
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