Decision Making with Managerial Accounting

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DECISION MAKING WITH MANAGERIAL ACCOUNTING1Decision Making with Managerial AccountingFocus of the Final PaperDue to varying business characteristics, the managerial accounting techniques applied in eachbusiness may differ. For example, a business in the start-up phase may rely heavily uponbudgeting and capital investment techniques; whereas, a business in the mature/maintainingphase may rely heavily upon cost management and quality control. Ultimately, the techniquesused by management should assist the business in achieving its short-term and long-term goalsthrough effective decision-making.For your Final Paper, you will analyze the role of managerial accounting in two parts. Part I willprovide a general overview of managerial accounting. Part II will provide examples of howmanagerial accounting theories and principles are applied in the business world. You may find ithelpful to reflect upon your own professional experiences for examples.Part I (three to four double-spaced pages, excluding the title and reference pages)Present the following:Define managerial accountingDescribe the role of managerial accounting and the management accountant in a business ororganizationDescribes ethical issuesconcerns for the management accountantDescribes at least three managerial accounting techniques available and their application withina business or organizationPart II (Four to six double-spaced pages, excluding the title and reference pages)Select at least three of the five topics identified below:Cost Management TechniquesCosting MethodsCapital Investment Decision TechniquesBudgetingQuality ControlFor each topic selected, present real world examples of the application of managerial accountingtechniques within a business or organization. Examples may be gathered from your ownprofessional experiences or from case studies obtained from credible sources (excludingtextbook examples explored in previous weeks). Presentation of each example should includehow a managerial accounting technique was applied in the business or organization’s decision-making model. Be sure to support your example with calculations when applicable.Introduction

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