rview findings (from Part A), state two key lessons that would inform contemporary organisations about the practical u
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Based on your literature findings and interview findings (from Part A), state two key lessons that would inform contemporary organisations about the practical use of cost information.
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- Identify and discuss the factors that affect the focus and practice of cost management.What combination of quantitative factors and qualitative factors would you like your potential employer to use as a performance management system? Explain your answer.Explain the components of the total cost equation and describe how each of the components can be used by management for decision-making.
- Subject: Strategic Information Systems for Business and Enterprise Q) Discuss the questions below: i) Discusses the acronym TELOS model which provides guidance for accessing project feasibility. The term stands for technical, economic, legal, operational and schedules feasibility. Discuss these feasibilities briefly. And elaborate cost-benefit analysis under economic feasibility. ii) Accountants should be involved in the detailed design and implementation of the system development life cycle. Comment on the statement.Part (a). The unit coordinator (UC) has discussed different approaches to the steps involved in the system development life cycle (SDLC). Discuss these steps based on any of the approaches discussed in the interactive tutorials. Further, the UC has elaborated the cost-benefit analysis in the context of economic feasibility. Discuss this cost-benefit analysis. Part (b). The accountants play a significant role in the design and implementation phases of the system development life cycle. Comment on the statement.Preparation of financial statements to be submitted to government regulator agencies for perusal of the firm's stakeholders require the use of ___ costing method. A. AbsorptionB. variable C. throughput D. activity based
- Give one importance of the following in strategic cost management: (i) Business environment, (ii) Manufacturing technologies, (iii) Growth of Service industry, (iv) Customer orientation, (v) Advances in information technology.Referring to the dimensions and applicable Return on Investment aspects (ROI) listed below: Provide a simple description of how the concepts and principles would apply in a practical work environment to improve work results,1. Financial impact2. Human development impact3. Innovation output4. Technology alignment5. Alignment with company strategyExplain the difference between organisation development and organisation change? Providean example for each and discuss your answer.
- The managerial decision-making process has which of the following as its third step? A. Review, analyze and evaluate the results of the decision. B. Decide, based upon the analysis, the best course of action. C. Identify alternative courses of action to achieve a goal or solve a problem. D. Perform a comprehensive differential (differential) analysis of potential solutions.Identify and Classify the following activities as per their respective categories under Value Chain Analysis: 1.Communication, pricing and channel management 2.Installation, repairs and replacement 3.Planning and management 4.Inputs in to final productDiscuss how the strategic management accounting technique target costing could offer Green opportunities for improving performance and ways to seek to achieve cost reduction.
