Questions from Cost Accounting

Q: In the first quarter of the year 2015/2016, City

In the first quarter of the year 2015/2016, City Steel’s total revenues (THB 135.44 million) decreased by 35 per cent compared with the previous year. Adverse economic conditions caused the Group’s pr...

Q: In an article in Strategic Finance, Garry Cokins states that many

In an article in Strategic Finance, Garry Cokins states that many companies’ managerial accounting systems are not able to report customer profitability information to support analysis for how to rati...

Q: In recent years, two global companies have had to deal with

In recent years, two global companies have had to deal with some quite large costs as a result of quality control failures. First, take the example of Toyota cars in the USA. In late 2009 and early 20...

Q: Until recently, Xu Ji Electric Co Ltd was a typical state

Until recently, Xu Ji Electric Co Ltd was a typical state-owned Chinese enterprise manufacturing electrical product such as relays. From an accounting point of view, this implied a manual book-keeping...

Q: Raab, Shoemaker and Mayer (2007) developed a workable ABC

Raab, Shoemaker and Mayer (2007) developed a workable ABC model for a restaurant operation in the USA that enabled previously undistributed indirect operating expenses to be traced to individual menu...

Q: The remuneration system that is applied in healthcare organizations in several countries

The remuneration system that is applied in healthcare organizations in several countries (e.g. Australia, the USA, Switzerland, Spain and Italy) enables ABC profitability analysis to be applied in hos...

Q: The CGMA website offers management accountants a collection of tools and resources

The CGMA website offers management accountants a collection of tools and resources which are useful to identify, assess and respond to (or manage) various types of risk faced by an organization. For e...

Q: According to Gillian Lees, a blogger on www.cimaglobal .

According to Gillian Lees, a blogger on www.cimaglobal .com, the typical risk assessment model for a management accountant reads like this: identify risks, assess their impact and probability, and dev...

Q: A 2011 guidance paper commissioned by the Institute of Risk Management gives

A 2011 guidance paper commissioned by the Institute of Risk Management gives some useful detail on what risk appetite is and how to manage it – either in a corporate governance sense or to inform how...

Q: Public sector organizations increasingly must account for their performance and provide quality

Public sector organizations increasingly must account for their performance and provide quality services at lower costs. To accomplish this many local authorities and public sector organizations have...