BUS 630 Week 6 Final Paper

BUS 630 Week 6 Final Paper

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Focus of the Final Paper

Due to varying business characteristics, the managerial accounting techniques applied in each business may differ. For example, a business in the start-up phase may rely heavily upon budgeting and capital investment techniques; whereas, a business in the mature/maintaining phase may rely heavily upon cost management and quality control. Ultimately, the techniques used by management should assist the business in achieving its short-term and long-term goals through effective decision-making.

For your Final Paper, you will analyze the role of managerial accounting in two parts. Part I will provide a general overview of managerial accounting. Part II will provide examples of how managerial accounting theories and principles are applied in the business world. You may find it helpful to reflect upon your own professional experiences for examples.

Part I (Three to four double-spaced pages)

Present the following:

Definition of managerial accounting

Role of managerial accounting and the management accountant in a business or organization

Ethical issues/concerns for the management accountant

General description of at least three managerial accounting techniques available and their application within a business or organization

Part II (Four to six double-spaced pages)

Select at least three of the five topics identified below:

Cost Management Techniques

Costing Methods

Capital Investment Decision Techniques

Budgeting

Quality Control

For each topic selected present real world examples of the application of managerial accounting techniques within a business or organization. Examples may be gathered from your own professional experiences or from case studies obtained from credible sources (excluding textbook examples explored in previous weeks). Presentation of each example should include how a managerial accounting technique was applied in the business or organization’s decision-making model. Be sure to support your example with calculations when applicable.

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BUS 630 Week 6 DQ 2 Non value-Added Costs in a Doctor’s Office

BUS 630 Week 6 DQ 2 Non value-Added Costs in a Doctor’s Office

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Non value-Added Costs in a Doctor’s Office. (Exercise 12-12) Dr. Steve Rosenthal has his own medical practice. He specializes in the treatment of diabetics. His staff consists of a receptionist, two nurses, a lab technician, and a dietitian. As patients enter the outer office, they check in with the receptionist. The patient then waits until called by a nurse. When called, the patient moves from the waiting room to the inner offices. The patient must weigh in and is then assigned a room. The nurse assigning the patient to a room gathers all the personal data for updating the medical records, such as insulin dosage, medication, illnesses since last visit, etc. The nurse also takes an initial blood sample for blood sugar testing and performs a blood pressure test. The patient then waits until the doctor comes in. After the doctor’s conference, the nurse returns to take more blood samples, depending on what is ordered by the doctor. The patient then waits until the dietitian comes to review eating habits and talk about how to improve meal planning and weight control. The patient returns to the receptionist to pay for the office visit and to schedule the next visit.

In your response include the following:

  1. Identify the activities in the doctor’s office that fall into process time, inspection time, move time, wait time, and storage time.
  2. List the activities in the doctor’s office that are candidates for non value-added activities. Explain why you classify them as non value-added activities.

Guided Response:

Review several of your classmates’ postings and identify some common non value-added activities. Respond to at least two of your classmates and provide recommendations that extend their thinking and inspire reconsideration of the activities listed in the posting.

BUS 630 Week 6 DQ 1 Evaluating Performance

BUS 630 Week 6 DQ 1 Evaluating Performance

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Evaluating Performance. When comparing various divisions within a company, describe what problems can arise from evaluating divisions that have different accounting methods, as described in Chapter 11 of your text. Cite three examples of accounting methods that could cause divisions’ profits to differ. Your initial post should be 200-250 words.

BUS 630 Week 5 Middlehurst House

BUS 630 Week 5 Middlehurst House

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Middlehurst House. Complete Case 9A (Middlehurst House) in Chapter 9.

In this case, management is presented with several decision options. For this assignment, you are required to provide a three to five double-spaced written memo evaluating options and providing recommendations. The written memo should be properly formatted according to APA guidelines and demonstrate research and critical thinking skills. Evaluations and recommendations should be supported by at least 4 scholarly sources from the Ashford Library or other external sources, excluding the textbook. In Question 1, evaluate each decision separately in full detail including calculations, as necessary. The evaluation should be included as part of the memo discussion, not a separate component. Evaluations can be included as appendices, exhibits or figures; however must be properly referenced within the written content.

In Question 2, prepare a comprehensive business memo addressing each decision and your recommendation. The memo should be properly formatted as a business memo and formatted according to APA guidelines.

An example of a properly formatted business memo can be found at this link http://owl.english.purdue.edu/owl/resource/590/04/ .

Week 5 Written Assignment should:

Demonstrate graduate level work including appropriate research and critical thinking skills.

Be presented as a business memo (not a question/answer format).

Incorporate case questions into the overall analysis.

Follow APA formatting guidelines including title page, reference page and in-text citations.

Consists of three to five double-spaced pages of content.

Provide at least 4 scholarly sources, excluding the textbook.

BUS 630 Week 5 DQ 2 Ranking Investment Alternatives

BUS 630 Week 5 DQ 2 Ranking Investment Alternatives

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Ranking Investment Alternatives. (Problem 10-41) Grosvenor Industries has designated $1.2 million for capital investment expenditures during the upcoming year. Its cost of capital is 14 percent. Any unused funds will earn the cost of capital rate. The following investment opportunities along with their required investment and estimated net present values have been identified:

Project Net Investment NPV Project Net Investment NPV

A $200,000 $22,000 F $250,000 $30,000

B 275,000 21,000 G 100,000 7,000

C 150,000 6,000 H 200,000 18,000

D 190,000 (19,000) I 210,000 4,000

E 500,000 40,000 J 250,000 35,000

In your response, complete the following:

  1. Rank the projects using the profitability index. Considering the limit on funds available, which projects should be accepted?
  2. Using the NPV, which projects should be accepted, considering the limit on funds available?
  3. If the available investment funds are reduced to only $1,000,000:

(a) Does the list of accepted projects change from Part 2?

(b) What is the opportunity cost of the eliminated $200,000?

Guided Response:

Review several of your classmates’ postings. Respond to at least two of your classmates by commenting on common responses in the ranking of the projects and by posing a question to challenge their rankings.

BUS 630 Week 5 DQ 1 Capital Investment Evaluation

BUS 630 Week 5 DQ 1 Capital Investment Evaluation

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Capital Investment Evaluation. Select one of the capital investment evaluation methods described in Chapter 10 of your text. Fully explain the capital evaluation method’s strengths and weaknesses. Take a position and defend the use of your selected method. Be sure to use at least two scholarly sources to support your position. Your initial post should be 200-250 words.

BUS 630 Week 4 DQ 2 Standard Cost System

BUS 630 Week 4 DQ 2 Standard Cost System

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Standard Cost System. Using Chapter 7 of your text as a reference, define a standard cost and explain what constitutes the components of a standard cost. Describe the advantages and disadvantages of a standard cost system and explain under what circumstances a standard cost system is most effective. Your initial post should be 200-250 words.