Questions from Cost Accounting

Q: An article by Chen et al. (2015) published in

An article by Chen et al. (2015) published in Strategic Finance described how Zhongyuan Special Steel Co. (ZYSCO), a typical Chinese state-owned company, introduced a new strategic management system t...

Q: As a result of the recent financial troubles at Tesco its shares

As a result of the recent financial troubles at Tesco its shares declined to an 11-year low in 2014. Terry Smith, chief executive of investment house Fundsmith, stated in an article published in The F...

Q: Following events of September 2001, airport security screening in the US

Following events of September 2001, airport security screening in the US and globally increased dramatically. As we all know, this led to increasing queues at airports which while inconvenient, are pa...

Q: Management accounting combines accounting, finance and management with the leading-

Management accounting combines accounting, finance and management with the leading-edge techniques needed to drive successful businesses. Chartered management accountants: ● Advise managers about the...

Q: Taylor, Woods and Cheng Ge Fang (2014) reported on

Taylor, Woods and Cheng Ge Fang (2014) reported on how one UK company moved its target costing system away from profit targets and focused it on product-level economic value added (EVA(TM)) targets. T...

Q: Insteel Industries decided to implement ABM at the Andrews, South Carolina Insteel Industries decided to implement ABM at the Andrews, South Carolina

Insteel Industries decided to implement ABM at the Andrews, South Carolina, plant. The ABM team analysed operations and identified 12 business processes involving a total of 146 activities. The ABM st...

Q: As one of the pioneers in the low-cost airline market

As one of the pioneers in the low-cost airline market, easyJet’s business model includes some core values: ● Safety – Our number one value, sitting at the core of everything we do. ● Pioneering – We c...

Q: According to a US Congressional enquiry, this accident apparently partly resulted

According to a US Congressional enquiry, this accident apparently partly resulted from local decisions within the oil multinational BP and its contractors to save relatively immaterial costs by cuttin...

Q: In the March 2012 edition of CIMA’s Financial Management journal, Christian

In the March 2012 edition of CIMA’s Financial Management journal, Christian Doherty asks what will management accountants ten years on be grappling with? This question has been posed before (see, for...

Q: South African energy and chemicals company Sasol, like many companies dealing

South African energy and chemicals company Sasol, like many companies dealing with large-scale projects, needs to prepare cost estimates. Sasol specialize in high value liquid fuels, chemicals and low...