Questions from Management Accounting


Q: A dilemma that individuals face is whether to be truthful when it

A dilemma that individuals face is whether to be truthful when it appears that a project is over budget. Being over budget typically means that actual costs exceed budgeted costs or that a planned tim...

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Q: Cougar Toys is a toy wholesaler supplying to a range of different

Cougar Toys is a toy wholesaler supplying to a range of different customers. With concerns about sources of profi tability from these different customers, Cougar has embarked on a relatively simple cu...

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Q: While she was watching operations at a food processing plant, a

While she was watching operations at a food processing plant, a consultant noticed a large amount of soup on the floor under a filling machine. An operator washed this soup away each day. When asked a...

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Q: Many countries provide motivation for entities to produce environmental accounting reports.

Many countries provide motivation for entities to produce environmental accounting reports. For example, 17 countries - United Kingdom, Denmark, Netherlands, Belgium, France and Germany among others -...

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Q: In the past, drug makers have been reluctant to invest in

In the past, drug makers have been reluctant to invest in cures for diseases in developing countries such as Africa and South America. Most people in these countries cannot afford to pay for treatment...

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Q: What is the lean thinking philosophy? Outline the five steps in

What is the lean thinking philosophy? Outline the five steps in the lean thinking model.

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Q: Proponents of TOC suggest that it is problematic to make decisions based

Proponents of TOC suggest that it is problematic to make decisions based entirely on resource consumption (this is, the ABC system) because there is no guarantee that the spending to supply resources...

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Q: Based on your understanding of the TOC explain why conventional standard costed

Based on your understanding of the TOC explain why conventional standard costed work in process inventories might hide problems, obscure interdependences and make it difficult to identify the real co...

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Q: Briefly comment on how a lean approach will impact on accounting practices

Briefly comment on how a lean approach will impact on accounting practices?

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Q: Describe the behavioural and social controls in a lean manufacturing environment.

Describe the behavioural and social controls in a lean manufacturing environment. How would they be different to in traditional (non-lean) organisations?

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