Case Study for Management Accounting - 36912 Words

CASES FROM MANAGEMENT ACCOUNTING PRACTICES Table of Contents Case 1: Case 2: Bal Seal Engineering Robin Cooper Bill’s Custom Planters William Stammerjohan Deborah Seifert Dublin Shirt Company Peter Clarke in assoc. with in assoc. with Paul Juras Wayne Bremser ECN.W William Lawler Endesa Gary M. Cunningham Scott Ericksen Francisco J. Lopez Lubian Antonio Pareja Kincaid Manufacturing Jon Yarusso Ram Ramanan Osram.NA John Shank Lawrence Carr William Lawler Pleasant Run Children’s Home Brooke E. Smith Mark A. McFatridge Susan B. Hughes University Bottom Line Enrico Uliana Case 3: Case 4: Case 5: Case 6: Case 7: Case 8: Case 9: Editor’s Remarks I am pleased to present the nine teaching cases presented at the 2002†¦show more content†¦The firm’s profit margins were historically higher than industry average reflecting both its advantageous patent position and high level of engineering skills. In 2000, sales were just under $25 million. The company’s customers were primarily in the medical equipment, analytic equipment, industrial OEM, and semiconductor industries. The company sold directly from the factory with the assistance of independent manufacturer’s representatives who covered the territories of Canada and the United States. Internationally, the company had a sales office in Western Europe and had contracted with several distributors who provided coverage of the Japanese and Australian markets. Product Development The firm had developed its own approach to product development that consisted of three steps; design, fast prototyping, and production. In the design phase, the firm’s engineers concentrated on understanding the customer’s requirements. The firm’s products were used in a wide variety of applications and most were custom designed. Many of these applications presented state-of-the-art challenges in sealing technology. Without careful attention to the underlying requirements, the firm could easily fail to design an effective seal. Fast prototyping consisted of rapidly creating a working example of the new product. Fast prototyping had two advantages. First, the customer could, early in its own product developmentShow MoreRelatedManagement Accounting Case Study2102 Words   |  9 PagesManagement accounting systems Case Analysis: HSBC Bank Student Name: Course: Academic Year: Module: Date of Submission: Executive Summary Management accounting over the years has really emerged very significantly in the field of banking and finance. There are numerous objectives and significance that has been reflected in numerous literatures mentioning the primary strategic and management significance management accounting has brought to the table in the field of international finance. AsRead MoreCase Study for Management Accounting36918 Words   |  148 PagesCASES FROM MANAGEMENT ACCOUNTING PRACTICES Table of Contents Case 1: Case 2: Bal Seal Engineering Robin Cooper Bill’s Custom Planters William Stammerjohan Deborah Seifert Dublin Shirt Company Peter Clarke in assoc. with in assoc. with Paul Juras Wayne Bremser ECN.W William Lawler Endesa Gary M. Cunningham Scott Ericksen Francisco J. Lopez Lubian Antonio Pareja Kincaid Manufacturing Jon Yarusso Ram Ramanan Osram.NA John Shank Lawrence Carr William Lawler Pleasant Run Children’s Home Brooke E. SmithRead MoreCase Study Questions On Management Accounting1670 Words   |  7 PagesAssessment 2 – Management accounting written assignment NEXT Plc Case Student ID Number: 1423839 May 2016 Contents 1. Introduction 3 2. Background 3 3. Review of management accounting 4 4. The key management accounting techniques and methods for NEXT Plc 5 4.1 Planning and Budgeting: 5 4.2 Balance scorecard 5 4.3 Cost-volume-analysis 5 5 The analysis’s strengths and weaknesses 6 5.1 Strengths 6 5.2 Weaknesses 6 6 Conclusion 7 References 8 â€Æ' 1. Introduction Management accounting in the recentRead MoreIntermediate Management Accounting Portfolio Case Study793 Words   |  4 PagesACCT5000 Intermediate Management Accounting Portfolio Case Study Background: Gouna Limited Gouna Limited is a company that grew from humble beginnings. Its original shareholders consisted of a collection of cooperatives in the Highlands of New Guinea, whose main source of income was from growing Arabica coffee on their small plots of land. 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At the same time, most family firms have specific characteristics and practices that studies have yet to dwell on. While these and other considerations have recently led to more research on management accounting and management control in family firms, research

The Characters of One Flew Over the Cuckoos Nest in Film...

The Characters of One Flew Over the Cuckoos Nest in Film and Novel One Flew Over the Cuckoo’s Nest was a critically acclaimed novel written by Ken Kesey and later on a movie adaptation, directed by Milos Forman, which was similarly critically acclaimed earning itself an extremely high 96% on rotten tomatoes. However said appraisal of both works, does not excuse the gleaming errors and artistic licensing seen throughout the entirety of the film. Granted there were no major plot holes and alterations present, the physical descriptions of the various characters within the story as well as their behavior differed quite a bit from their silver screen counterparts. The most critical physical and behavioral differences can be seen quite clearly†¦show more content†¦5) Kesey throughout the novel repeatedly gives the character of Nurse Ratched a almost robotic feel, but Forman felt that a different take on her character was appropriate so, The Nurse Ratched that the viewer is greeted with on the big screen, became one of the typical dime a do zen, strict and over-bearing evil stepmother stereotype popularized by many Disney movies (such as snow white’s evil stepmother), Forman’s portrayal of the Nurse although was different than the book both physically the mentally, her actress Louise Fletcher still did a exemplary job portraying the dark bitter women that the Nurse (at the core) really is. Forman gave the audience a more relatable antagonist while taking away elements of cruelty. Yet the Nurse was not alone on this metamorphosis of traits, the protagonist’s McMurphy as well has been subjected to â€Å"extreme† artistic licensing and differs quite a lot from his novel counterparts. In the novel McMurphy is described as being large â€Å"bobbling†, obnoxious, overly-social/talkative redhead. The McMurphy of the film, however, is about average in size, and even though he is shown to be a blabbermouth at time, he does not give of the impression of beingShow MoreRelatedOne Flew Over The Cuckoos Nest Speech Act Theory Essay1281 Words   |  6 Pagesamong the characters in the novel One Flew Over the Cuckoo’s Nest by the unique use of perspective and speech. Throughout the novel, Kesey depicts this connection between the public world and the seemingly closed off society inside the mental institution. This creates two separate spheres separated by a few walls and doors. Kesey goes on to form a unique perspective in the novel, told by a paranoid schizophrenic, with the narrator’s caricature-like description of characters in the novel. This makesRead MoreFeminism lens essay about One Flew Over the Cuckoos Nest by Ken Kesey: Stereotypical female roles against matriarchal female (Big Nurse)1502 Words   |  4 Pagescharacteristics. This is not the case in the novel One Flew Over the Cuckoos Nest, in which Ken Kesey shows a woman can hold a dominating, powerful role in society and be contrary to the stereotypical woman figure to depict the validity of the society s views about women and their roles using the failure of the matriarchal female character to succeed at her role assumed by her occupation. 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Journal of Retailing Consumer Price Sensitivity

Question: Discuss about the Journal of Retailing for Consumer Price Sensitivity. Answer: Introduction: The above article is based on the journal retailing selected from the ABCD(Australian business deans council) journal ranking list within the quality level of A. In the article, Consumer Price Sensitivity and Price Thresholds, the authors have illustrated about the price model related to the price gains and losses of a particular company. The model as proposed by the authors, acts as a threshold for the companies related to their competitors and consumer specific factors. The proposed model, as claimed by the authors, is superior to the ordinary logit and other existing price models, which can be evident from the scanner panel data applications related to the purchase of coffee. The authors have been able to determine the sensitivity of the consumers towards the prices. They have postulated the fact that the higher price volatility makes the consumers more sensitive towards gains and less sensitive towards losses. On the contrary, the intense price promotion by the companies makes th e consumers less sensitive towards the gains and more sensitive toward losses. Thus, the authors, by this postulation, have been able to determine the price sensitivity of the consumers in respective of the price thresholds. The article marks the emergence of the two segments, which differ in the size of the thresholds. The article also discusses about the implications of the managers of the organizations because of segmentation. The article also help the readers in better understating of the power of the brands and the influence on the consumers related to their pricing strategy and thresholds. The article also makes a methodological commitment by recommending the price of threshold is probabilistic in nature. Type of Research: The author collects lot of data and he also grasps lots of different information and done huge amount of research in his article. They may utilize a wide range of approaches to depict their exploration the most well-known kind of research is Qualitative and Quantitative sort of research. Qualitative research is a fundamentally exploratory research which is used to gain an opinion, reason and motivations. It gives lots of insights knowledge into issues or creates thoughts. Qualitative research is used to uncover trends in opinion and thoughts which plunge into the issue is known as Qualitative. Where on the other hand Quantitative research is utilized to measure the data by way of gathering numerical information which can be changed into usable insights, techniques for gathering the information might be in different structure they may be online reviews interviews etc. These journal best suites the Quantitative sort of exploration, the information for study the Consumer Price Sensitivi ty And Price Thresholds have drawn from information resource. The research was done on the households who buy the ground caffeinated coffee in mid-1980 from Pittsfield caf The coffee dataset, as incorporated in the article, has been acting as a base of research where the researchers have been in the quest of determining the price thresholds. In addition, writers of this article likewise utilized comparative dataset gives to contrast their model with model with others and publish their study. Authors have deducted a portion of the information from the original source of data. They did not take into consideration of those households who ware non-continuous and light users. The data represents the purchase information for 376 households for 84-week period out of which first 32 weeks ware used for initializing model variables, and the last 52 weeks were used for model calibration. The fundamental center of analysis was on 4 major brands which accounted for more than 80% of the category volume. So while looking that we can say that this is Quantitative type of research. (S.Han et al./ journal of retailing77(2001)435-456). Author also has used lots of descriptive information in this article about the data information by using tables, graphs and formulas From the analysis of the information presented above, it can be evident that the article incorporates the Quantitative research. Motivation: Researchers believe that the purpose of this article is to investigate the presence and greatness of price thresholds and the factor that influence these thresholds. In this article we can see that there are 3 major factors that can affect the price thresholds, they are company, competitive and consumer factor. According to Han, Gupta and Lehmann (2002), there are four essential approaches, which the managers of the brands are required to implement while making changes in the price thresholds. The four essential things are (i) to offer minimum price discount for the customers, (ii) to segment the customers according to their purchasing power, (iii) recognizing the brand and understanding its value and (iv) identify and manage the variable cost that affects the price thresholds. These thresholds affect the customer purchasing power due to small changes in the price which capture the consumer insensitivity The main objective of the article is to describe the factors that affect the pri ce thresholds in brands including the brand choice, competing models and the influence of the price on the consumers. Research Question: Research questions are needed to be very clear, exact and researchable. Researchers motive is to find the solution of the relevant factor. The significance of the study is to conduct extensive research on the price threshold of brands and its effects on the consumers such that to produce a unique price model that could be helpful more superior than the existing models. The researchers might be very precise and associated with the overall interest of the related field. The introduction of the article is related to the existence of price thresholds and the multiple factor that affecting these types of thresholds it is the main purpose of this research. In related to the above there are research questions of how frequent price promotion on customer choice i.e. while doing the frequent price promotion reduce the effectiveness of price discount by making thresholds for gain larger and consequently making consumer less sensitivity to price discount? On the other hand do they sharpen client to cost marking down, in this way making them deal seekers? It was suggested that while giving more frequent discount makes the customer more price sensitive in the long run. In addition, the article also helps in proposing a model by implementing a probabilistic threshold in reference to the price model. Study has suggested that thresholds of misfortunes and increase are probabilistic in nature instead of deterministic. In regards to above research question it is important to know which key factors may affect these thresholds which will help in better way to understand the customer choice process? Controversial Results of the Paper: As we know that all the research has few controversial results. In this research also it was found that changing in price have a significant impact on the thresholds. In addition to this how frequently the price is changing and how promotion is influence the thresholds. Lastly, price volatility to have a major impact on these thresholds efficiently change taking into account the evaluating methodology of general stores. For instance, it is conceivable that EDLP stores have lower thresholds than HI-LO stores. These outcomes may have possibly capable ramifications for both manufactures and retailers. Discuss the Conclusions: Thus, to conclude, the researchers have emphasized on the price model that is superior to the existing models, which could be helpful in providing a better understanding of the consumer behaviour. In this article the researchers examine all the framework of proposed model and conclude that customers choice is affected by prices. Secondly, the researchers have been focusing on evaluating the factors that affect the price thresholds value of the brands and its effects on the consumers as well. Thirdly it helps the capacity to recognize the deviated effect of illustrative variables on the thresholds of loss and gain. At last the study has given two vital ramifications, which are manager based division and thresholds based brand power. From the analysis of the research study, it can be evident that the researchers have been able to provide better understanding of the consumer purchasing behaviour by illustrating a unique price model. The researchers also implemented the probabilistic thr esholds for gains and losses in respective of the price of a particular brand. Reference: Han, S., Gupta and Lehmann, D.R., 2002. Consumer Price Sensitivity and Price Thresholds. Journal of Retailing. 77(4), pp.435-456. University of Southern California, 2015, Organizing Your Social Sciences Research Paper: The Research Problem/Question, Viewed 22 October 2015, https://libguides.usc.edu/writingguide/introduction/researchproblem.