Management Accounting: Information for Creating Value - Management Assignment Help

Assignment Task:

Task:

What is management accounting?

… the processes and techniques that focus on the effective and efficient use of organisational resources to support managers in their tasks of enhancing both customer value and shareholder value

What is management accounting? (cont.)

Customer value

The value that a customer places on particular features of a product or service

Shareholder value

The value that shareholders or owners place on a business

Resources

Financial and non-financial, including information, work processes, employees, committed customers and suppliers

Determine the capabilities and competencies of the organisation

EXERCISE 1.28 (15 minutes) Management accounting information
1 Competitors’ products and prices; current market share; cost of developing, producing and marketing the new product; likely profitability of the new product; potential impact on sales of existing products; likely sales volume of the new product; additional staff and equipment needs.

2 Availability of new staff; cost of hiring new staff; any effect on morale of existing staff; additional office accommodation and vehicle requirements; likely sales and profits generated by new staff; additional salaries cost.

3 Different costs of the two alternatives; any impact on customer satisfaction from delaying production until next week; the cost of overtime; delay to regular production if produced next week; availability of staff to work overtime.

4 Cost of purchasing the new machine; proceeds from the old machine; cost of maintaining and running the old and new machines; productivity of the old and new machines; ability of staff to operate the new machine; availability of funds to purchase the new machine; the expected life of the new machine and the remaining life of the old machine.

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