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
- How does management accounting impact organisations? Include examples
- b) Describe any two (2) significant developments that have influenced the focus of management accounting work in organisations today. Include examples
- Evaluate the skills-set required of management accountants in Australian organisations today.
- In your opinion, do they reflect the demands by today's organisations, as discussed in your answer to (b)? Explain.
- Based on your findings, provide two (2) recommendations that would inform Australian organisations about the changing roles of today's management accountants.
Part B
- Explain what a hybrid costing system is and explain how it is suited to batch manufacturing production environments.
- Describe the nature of your chosen company's operations, production environment and its product(s).
- Demonstrate that a hybrid costing system is suitable for your chosen company's production process.
- 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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