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Questions and Answers of
Management Accounting
What are the distinctive features of cost management when compared to cost accounting? Name and describe the three key focus areas of cost management.
Bohrer & Schaufler AG is an Austria-based manufacturer of high-precision drilling solutions for the oilfield and exploration industry. Its customer base is global and mostly consists of multinational
How can cost management be employed in a supply chain environment? Name and briefly explain typical inter-organizational cost manage-ment (IOCM) application scenarios in supply chains!
Name and describe the most important prerequisites for successful IOCM implementation. Which factors make IOCM success more likely?
Explain how target costing differs from traditional cost-plus product costing.
Explain the generic target costing process.
Discuss the applicability of target costing in supply chains and describe possible application scenarios.
Explain the overall logic of Kaizen costing and outline possible usage scenarios of Kaizen costing in a supply chain environment.
Explain the conceptual differences between life cycle costing, life cycle assessment, and supply chain management.
Describe how SCM can help improve the life cycle cost of a product.
What are the typical activity levels that are relevant for activity-based costing?
Explain the conditions for employing ABC in a supply chain network.
The financial accounting department of CraftCo Production Inc. has provided you with the balance sheet and income statement figures that present the essential annual financial information. Determine
How are physical flows and financial flows linked in a supply chain? Why must a supply chain always combine both types of flows?
A supply chain consists of three partners: the focal OEM with significant bargaining power and two smaller partners, an upstream supplier and a downstream retailer. Each supply chain layer holds some
What are the main factors that influence a firm’s cost of capital? Explain, why a company’s cost of capital is not independent of its supply chain partners.
Provide examples for typical types of transaction costs in financial arrangements.
What is net working capital (NWC) and what are its constitu-ent elements?
Explain how NWC can be used as a measure for liquidity and financial efficiency?
How can a company use inventories, accounts payable, and accounts receivable as the main levers to reach an optimal level of NWC?
Explain the three conceptual elements of the cash-to-cash (C2C) cycle.
Why do an individual firm’s attempts to improve its C2C cycle not always lead to a corresponding improvement for the entire supply chain?
Explain how collaborative efforts can improve the overall C2C cycle of a supply chain.
How do collaborative SCF instruments and traditional trade finance instruments differ?
Which parties are typically involved in an SCF arrangement? What are their respective roles?
Explain the conceptual difference between normal factoring and reverse factoring. When does reverse factoring make sense for supply chain partners?
Explain the conceptual difference between traditional cash discounts and dynamic discounting.
How can netting and pooling be used in a supply chain? Why are these instruments more beneficial to internal supply chains that link firms/ subsidiaries of the same group?
Describe the concept of vendor leasing and name typical application areas in a supply chain.
Discuss problems associated with SCF instruments.
Define the concept of risk. How do “risk” and “uncertainty” differ?
Jummy Fruits is a German manufacturer of packaged dried fruit snacks that are sold in food retail chains across several European countries. Its main supplier is “Pacific Dream”, a large operator
What is the difference between “vulnerability” and “resil-ience”, and how do both concepts relate to risk?
Jummy Fruits is considering a change in its general purchase terms that would stipulate euros as the standard currency for all purchase contracts. The business rela-tionship with Pacific Dream is
Name and describe three typical strategies of how a business can improve the resilience of its operations.
Name and briefly describe the three main steps of the risk management process.
How can international standards support the risk management process across companies?
Name and describe typical risk categorization schemes that are used in the risk identification phase.
What is “reputational risk”, and why is it particularly impor-tant in a supply chain context?
Enumerate and briefly describe three typical tools and methods that can be used for risk identification.
What are the four focus areas of risk analysis?
Explain the difference between qualitative and quantitative risk analysis. Which tools and methods can be used, respectively?
Explain the concept of Value-at-risk (VaR) as a key risk measure. How is VaR typically calculated?
Explain why the diverse risks of a business should never be considered in isolation but rather in an integrated approach.
What is the difference between accepting and ignoring a risk? Why is risk ignorance not a suitable risk response?
Explain the concept of insurance as a typical risk transfer strategy.
When should firms transfer risks to other partners in their supply chain? What are the key factors to consider when transferring risks to other parties?
How can supply chain design decisions contribute to strate-gic risk response planning?
What are the pros and cons of buffers or redundant resources from a risk perspective as well as from an efficiency perspective?
How does collaborative risk management differ from company-centric risk management?
Explain why performance measurement is especially complex in supply chain networks!
Buy-Smart is a successful business-to-business wholesaler, serving the needs of traders, hotels, restaurants, caterers, and offices. They offer a wide variety of merchan-dise ranging from groceries,
What are the three different perspectives that performance measurement can take in a supply chain environment?
BAT-Systems Inc. is a provider of soft and hardware solutions for battery manage-ment in electric cars, headquartered in Helsinki. While the market for battery-powered vehicles is growing sharply,
Explain the conceptual difference between a performance measure and a performance indicator.
Ventus Power Systems is a successful German producer of wind turbines and has gained a reputation as the market leader and technological pacesetter in the industry. Right from its start, Ventus’
Name and explain the features of “good” supply chain measures!
What business goals in supply chains exist, and why do they sometimes conflict with each other? Provide at least one example of such a conflict/ trade-off!
Which cost components are included in total delivered cost (TDC)?
Explain how cost to serve (CTS) can support management in customer profitability analysis.
Explain the role of net working capital (NWC) in measuring the performance of a single entity in a supply chain (micro view)! Can NWC also be used as a performance measure at the supply chain level
Name and describe three performance measures of your own choice that assess quality at the single entity level.
Name and describe three performance measures of your own choice that assess speed or time at the single entity level.
Which performance measures would you recommend to assess the service focus at the single entity level? Why?
Explain which cost items cannot be easily summed up when measuring the performance of a whole supply chain (macro level).
Argue why customer satisfaction should not only be moni-tored by the company at the end of the supply chain but also by the other supply chain partners.
Explain the performance measure supply chain time to market (SCTTM). For which industries is a short SCTTM particularly important?
Choose and explain two performance measures to evaluate the intensity of the collaboration between two supply chain partners.
What is “resident engineering”?
How can trust be measured in performance measurement? Can trust be quantified?
What is vendor-managed inventory (VMI)? Explain the role of trust in VMI.
What is the advantage of performance measurement systems over the use of isolated performance measures?
With the help of the DuPont system, argue how the avoid-ance of excess capacity can increase the return on assets.
Explain the SCOR model and how it can be used for performance measurement.
Can the original balanced scorecard by Kaplan and Norton be applied in a supply chain setting? Why or why not?
Outline the supply chain management performance frame-work by Brewer and Speh (2000). How does it differ from a traditional balanced scorecard?
Outline the supply chain scorecard by Werner (2017). What is the role of the integration perspective?
What are the common weaknesses of performance measure-ment in supply chains?
Define the terms digitization, digitalization and digital transformation.
In-and-Out Inc. is a newcomer in the online fashion retail business. The company has become very well-known thanks to its innovative styles and the support of several social media influencers, and it
Explain the benefits that digitization of data and information can bring to businesses.
Leymann Ltd. is a multinational enterprise with over 1600 employees, which has its headquarter in Cologne, Germany. Founded in 1850, this company has been a pioneer in vacuum technologies. Today,
How do ERP systems support the MAC function?
Provide an example of the disruptive potential of digital technologies.
What is a digital supply chain?
Name at least four digital technologies that can play a role in digital supply chains!
What problems can companies encounter when they digitalize supply chains?
Explain the term “big data” and how it is linked to manage-ment accounting.
Distinguish business analytics from business intelligence.
Explain machine learning and how it can assist in manage-ment accounting.
What is Robotic Process Automation (RPA) and in what type of work environment is it most effectively used?
How can Artificial Intelligence support management accountants?
Does Artificial Intelligence make management accountants obsolete?
What is a supply chain control tower?
How can a smart warehouse improve supply chain operations?
Describe current shortcomings of digital twins in supply chain management accounting.
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