Description
For your Final Paper, you will analyze the role of managerial accounting in two parts. Part I will provide a general overview of managerial accounting and managerial accounting techniques used in decision-making. Part II will provide examples of how managerial accounting is applied in the business world. You may use your professional experiences for examples.
Part I (Three to five double-spaced pages)
Present the following:
Definition of managerial accounting
Role of managerial accounting and the management accountant in a business or organization
Ethical issues/concerns for the management accountant
General description of at least three managerial accounting techniques available and their application within a business or organization
Part II (Five to seven double-spaced pages)
Select at least three of the five topics identified below:
Cost Management Techniques
Costing Methods
Capital Investment Decision Techniques
Budgeting
Quality Control
For each topic selected present real-world examples of the application of managerial accounting techniques within a business or organization. Examples may be gathered from your own professional experiences or from case studies obtained from credible sources (please do not use textbook examples). Discussion of each example should include how the managerial accounting technique was applied in a decision-making capacity. Be sure to support your example with calculations when applicable.
