This document outlines the weekly tutorial questions for ACC804 Advanced Management Accounting for Weeks 1 and 2. The reading covers Lecture 1 and Lecture 2. For Lecture 1, it asks students to outline major management accounting processes, explain competitive advantage and different business strategies, and types of information to support a cost leadership strategy. It also provides a scenario for a report on including the management accountant on the strategic leadership team. For Lecture 2, it asks students to discuss contingency theory and its influence on management accounting systems, provide an example of "cybernetics" control, examine the concept of "goal congruence", and identify management accounting information to assist with specific business decisions and annual reporting.
This document outlines the weekly tutorial questions for ACC804 Advanced Management Accounting for Weeks 1 and 2. The reading covers Lecture 1 and Lecture 2. For Lecture 1, it asks students to outline major management accounting processes, explain competitive advantage and different business strategies, and types of information to support a cost leadership strategy. It also provides a scenario for a report on including the management accountant on the strategic leadership team. For Lecture 2, it asks students to discuss contingency theory and its influence on management accounting systems, provide an example of "cybernetics" control, examine the concept of "goal congruence", and identify management accounting information to assist with specific business decisions and annual reporting.
This document outlines the weekly tutorial questions for ACC804 Advanced Management Accounting for Weeks 1 and 2. The reading covers Lecture 1 and Lecture 2. For Lecture 1, it asks students to outline major management accounting processes, explain competitive advantage and different business strategies, and types of information to support a cost leadership strategy. It also provides a scenario for a report on including the management accountant on the strategic leadership team. For Lecture 2, it asks students to discuss contingency theory and its influence on management accounting systems, provide an example of "cybernetics" control, examine the concept of "goal congruence", and identify management accounting information to assist with specific business decisions and annual reporting.
This document outlines the weekly tutorial questions for ACC804 Advanced Management Accounting for Weeks 1 and 2. The reading covers Lecture 1 and Lecture 2. For Lecture 1, it asks students to outline major management accounting processes, explain competitive advantage and different business strategies, and types of information to support a cost leadership strategy. It also provides a scenario for a report on including the management accountant on the strategic leadership team. For Lecture 2, it asks students to discuss contingency theory and its influence on management accounting systems, provide an example of "cybernetics" control, examine the concept of "goal congruence", and identify management accounting information to assist with specific business decisions and annual reporting.
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ACC804 Advanced Management Accounting
Tutorial Activity Sheet
Week 1 & 2
Reading: Lecture 1 Question 1
Outline the major processes that management accounting systems use to
create value and manage resources.
Question 2
Explain the concept of competitive advantage and provide examples of the
different types of business strategies that can be used to achieve it.
Question 3
What types of management accounting information might assist management
in a business that followed a strategy based on cost leadership?
Question 4
You are recently appointed as the senior management accountant for a large organisation. In your first meeting with the CEO you suggest that you should be included in the strategic leadership team (SLT). The CEO is surprised by this suggestion as the previous incumbent had been happy to submit monthly financial reports to the SLT rather than being a member of the team. He asks you to prepare a report making a case for your inclusion in the SLT. Required: Prepare the report for the CEO identifying the contribution that you could make as a management accountant to the activities of the SLT. Reading: Lecture 2 Question 1
What are the main tenets of contingency theory? How do they influence MACS?
Question 2
Explain with an example the cybernetics notion of control.
Question 3
Critically examine the notion of goal congruence in large decentralized entities.
Question 4
Identify management accounting information that could assist managers in
making each of the following decisions. Remember to consider non-financial information where relevant.
1. A marketing manager is considering whether or not to launch a new
product. 2. A travel company is considering whether it should increase its staff numbers by one-third 3. A production team leader is considering whether an important customer order should be produced next week, or during overtime hours tonight 4. A fast-food chain is considering a site for a new store
Question 5
Use the internet to access the website and the annual report for any company. Find the director's report (or chairman's review) and discuss how management accounting information may have contributed to the management of the company during this year.
