StudyXY
RegisterLog in

AYB321 Strategic Management Accounting

Advanced study of strategic accounting principles and their application in management

Ruby Reed
Contributor
4.0
59
6 months ago
Preview (2 of 5 Pages)
100%
Purchase to unlock

Page 1

AYB321 Strategic Management Accounting - Page 1 preview image

Loading page ...

AYB321Semester 1, 2011Page1AYB321 Strategic Management AccountingTutorialSolutionsTUTORIAL4BUDGETING SYSTEMSAnalytical Thinking, Critical Thinking and Problem Solving Questions:Scenario forall three analytical questions:Big Byte Computing Co. (BBC) develops specialised software for the security industry. BBChas two‘off the shelf’software products,one that manages the storage and retrieval ofsurveillance video, andtheother that manages alarm systems. They also provide aconsulting service that assists businesses to customise and implement these softwaresolutions.BBC has a product-based structure, with a business unit manager responsibleforeach of the three products, as follows:A high level description of BBC‘s annual financial planning and control process is as follows(BBC has a 30 June year end):January: The senior executive team meets to review BBC’s current strategy, andproduce a ‘strategic plan’ for the following five financial years. This strategic plan,including high level profit expectations, is communicated to the wider managementteam.Early February:The three BU managers produce their budgeted income statementsfor the following financial year,and submit them to the budget committee(consisting of the Chief Executive Officer, Chief Finance Officer and the ExecutiveManager HR and Strategy).The budget committee reviews the BU’s submissions, and communicates anychanges required.CEOManager:SurveillanceSoftwareManager:Alarm SystemSoftwareManager:ConsultingCFOEM: HRS

Page 2

Preview Mode

This document has 5 pages. Sign in to access the full document!

Study Now!

XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat

Document Details

University
Queensland University of Technology
Course
AYB 321
Subject
Accounting

Related Documents

View all
Class Notes

Accounting

what really is accounting?

5.0
Class Notes

Master Managerial Accounting Techniques

Honors Managerial Accounting course led by Dr. Michael Newman, focusing on cost analysis, ethics, communication, and real-world application through interactive discussions, case studies, and presentations.

Class Notes

Controlling and Reporting of Real Assets

Overview of asset impairment recognition in accounting: when an asset’s value declines due to damage, market loss, or legal issues, a journal entry records the loss to reflect the asset’s reduced value. Key for reporting real assets like PPE.

Solved Assignments

Sarbanes Oxley Act, GAAP and IFRS

Overview of the Sarbanes-Oxley Act and its impact on GAAP and IFRS compliance.

Solved Assignments

Team A Week 5 Problems

Problem-solving set from Week 5, covering various academic concepts.

Solved Assignments

Accounting Audit Final Exam MCQs 2015

Multiple-choice questions covering key auditing and accounting principles.

Solved Assignments

Understanding Internal Control and Audit Processes

An overview of internal control mechanisms and audit procedures in financial management.

Solved Assignments

Government wide statements and Fund statements

Comparison of government-wide financial statements with fund-based financial reporting.

Solved Assignments

Changing the Accounting Information System

Discusses changing accounting information systems.

Solved Assignments

Financial Reporting, Regulations, and Corporate Governance

Examination of financial reporting standards and their relationship to corporate governance frameworks