Question: Part A How does management accounting impact organisations? Include examples b) Describe any two (2) significant developments that have influenced the focus of management accounting

Part A

  1. How does management accounting impact organisations? Include examples
  2. b) Describe any two (2) significant developments that have influenced the focus of management accounting work in organisations today. Include examples
  3. Evaluate the skills-set required of management accountants in Australian organisations today.
  4. In your opinion, do they reflect the demands by today's organisations, as discussed in your answer to (b)? Explain.
  5. Based on your findings, provide two (2) recommendations that would inform Australian organisations about the changing roles of today's management accountants.

Part B

  1. Explain what a hybrid costing system is and explain how it is suited to batch manufacturing production environments.
  2. Describe the nature of your chosen company's operations, production environment and its product(s).
  3. Demonstrate that a hybrid costing system is suitable for your chosen company's production process.
  4. Include diagram(s) such as flow charts of the production process and the components of the costing system to illustrate and justify your answer.

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