Questions from Management Accounting

Q: Farrar’s report (2019) identified how the finance function (including

Farrar’s report (2019) identified how the finance function (including management accounting) is evolving and the corresponding implications for finance professionals. An article published on the CIMA...

Q: Big data refers to the huge volume of data that exists within

Big data refers to the huge volume of data that exists within many firms, much of it enabled by recent advances in information technology. According to the website of the software and services firm SA...

Q: In the March 2016 edition of CIMA’s Financial Management journal, Lawrie

In the March 2016 edition of CIMA’s Financial Management journal, Lawrie Holmes interviewed Noel Togoe, CIMA’S director of Education. Togoe stated that value measurement has been an area of dramati...

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 specializes in high value liquid fuels, chemicals and...

Q: Modern day aircraft are complex pieces of engineering, increasingly using more

Modern day aircraft are complex pieces of engineering, increasingly using more technology, composite materials and more efficient engines. Aircraft engines are in particular improving not only in fue...

Q: Safety or buffer stocks are held for many reasons. For example

Safety or buffer stocks are held for many reasons. For example, road authorities might want to hold sufficient stock of grit salt in case of bad weather, or firms might build stock of key materials...

Q: Chinese computer manufacturer Lenovo had an annual turnover of $45 billion

Chinese computer manufacturer Lenovo had an annual turnover of $45 billion for the year ended 31 March 2016, of which 66 per cent was in the personal computer market. This market includes desktops, ta...

Q: Just-in-time (JIT) manufacturing and inventory systems

Just-in-time (JIT) manufacturing and inventory systems have been used by many companies to reduce manufacturing times and reduce waste with the ultimate objective of increasing profitability. The JIT...

Q: An article written by Ben Chu published in The Independent newspaper in

An article written by Ben Chu published in The Independent newspaper in 2016 demonstrated why the classical economic view of humans as rational decision-makers is often very wide of the mark. When ind...

Q: SAP, a global leader in enterprise resource planning (ERP)

SAP, a global leader in enterprise resource planning (ERP) systems, offers several tools to help businesses find an optimal solution to production scheduling and planning problems. For example, the ad...