Assignment: Managerial Accounting and Decision Making
For your Paper, you will analyze the role of managerial accounting in two parts. Part A will provide a general overview of managerial accounting and managerial accounting techniques used in decision-making. Part B will provide examples of how managerial accounting is applied in the business world. You may use your professional experiences for examples.
Part A (Three to five double-spaced pages)
o Present the following:
o Definition of managerial accounting
o Role of managerial accounting and the management accountant in a business or organization
o Ethical issues/concerns for the management accountant
o General description of at least three managerial accounting techniques available and their application within a business or organization
Part B (Five to seven double-spaced pages)
o Select at least three of the five topics identified below:
o Cost Management Techniques
o Costing Methods
o Capital Investment Decision Techniques
o Budgeting
o 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 (please do not use textbook examples). Discussion of each example should include how the managerial accounting technique was applied in a decision-making capacity. Be sure to support your example with calculations when applicable.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.