...Manufacturing Organizations in Bangladesh Farjana Yeshmin* and Md. Amran Hossan** Management accounting is concerned with gathering and reporting internal financial information to facilitate decision-making process. As management accounting is not required to conform to national accounting standards, it allows business to customize the management accounting techniques as per demand of company. As a process of this customization, some advanced quantitative as well as number of qualitative techniques accompany with the traditional techniques, have been emerged to cater the information need in decision making. This study attempts to measure the significance of management accounting techniques in decision making of the selected manufacturing organizations in Bangladesh. In doing so, a total of 74 manufacturing organizations have been surveyed with a structured questionnaire by using 5 point Likert Scale measurement from different categories of manufacturing organizations. Findings reveal that cash flow statement analysis, ratio analysis, budgetary control, CVP analysis, variance analysis and fund flow analysis have been frequently high-ranking techniques. Secondly, the authors have recognized five factors to calculate the variability in decision-making with the help of rotated component matrix which shows that 75.125 % of the total variability has found in the usage of management accounting techniques. Finally, it is also found by using multiple regression model that only 25.6% of the variation...
Words: 6527 - Pages: 27
...Training and Pre-Planning Is Key Jason Rogers COMM/215 28 May 2012 Cecelia Weber Training and Pre-Planning Is Key Introduction In my case study, Carl Robbins, a campus recruiter for ABC, Inc., has been made aware of multiple issues a couple weeks before the new hire orientation that he scheduled. Given that the ABC campus recruiter, Carl Robbins, had six months of experience and was developing difficulties with the pre-planning for his new hire orientation, I conclude that the company ABC needs to provide better training to personnel, improve conference room reservation procedures, and provide a checklist to recruiters for new hire packets. Background In early April, Carl Robins successfully recruited 15 new hires to work for Monica Carrols. He has only been working for ABC, Inc. for six months, and this was his first recruitment mission. He scheduled a new hire orientation that would take place on June 15 because he wanted the new hires to start working by July. On May 15, Monica contacted him in reference to the training schedule, orientation manuals, and other issues that involved the recruits he hired in April. Carl reassured Monica that everything would be done on time in accordance with the planned schedule. After Memorial Day, Carl decided to look over the new trainee files to make sure all the paperwork was completed before orientation. He then realized that a couple of the recruits did not have their applications completed and their transcripts were not on...
Words: 1606 - Pages: 7
...Running head: CASE STUDY ANALYSIS PAPER DRAFT Case Study Analysis Paper Draft University of Phoenix Essentials of College Writing COMM 215 Paula Moore March 02, 2009 Case Study Analysis Paper Draft While only three copies of the orientation manuals were found and several pages were missing from each, some new trainees did not have applications completed. Many of the new trainees did not have transcripts on file. Carl Robins which was the new campus recruiter also discovered that none of the trainees had taken the mandatory drug screen. The new hire orientation was due to take place June 15, Carl not knowing the training room was already booked for the entire month of June had a problem. Carl was very confused and frustrated not knowing what to do next. ABC Inc hired Carl Robins in early April as the new campus recruiter. Carl had only been on the job for six months. Being a determined individual he decides to hire 15 new trainees to work for the operations supervisor. Carl figured everything within the company was run correctly and all paper work should have been in place for the process of hiring new individuals. The training schedule consisted of, drug tests, orientation, policy booklets, physicals and tons of other issues. To begin this process Carl needed to go over all the necessary paperwork needed for the orientation beginning on June 15. The first problem found was some of the new trainees did not have applications completed or their...
Words: 1087 - Pages: 5
...Case Study Analysis Paper Josh Lee COM215 August 11, 2014 Sara Wallace Case Study Analysis Paper ABC Inc., is in need of 15 new trainees and has entrusted their new campus recruiter Carl Robins with the task. The company’s Operations Supervisor, Monica Carrolls will be gaining these trainings in her department and is expecting them to be in orientation by June 15 and begin working by July 1st. While it is possible for Robins to complete everything by June 15, it is not guaranteed, and there are many obstacles to overcome in a short amount of time. Robbins hired 15 new trainees for Carroll, and was confident that he would have the trainees ready for orientation by June 15 and ready to work by July 1st. The new trainees paperwork was not reviewed until the last week of May, by then it was determine nothing was prepared for June 15’s orientation. Applications were incomplete, none of the trainees had complete their drug test, their transcripts were not on file, orientation packets were incomplete, and finally, the training room was already booked for the entire month of June. At this point in the analysis, it would seem Robins will be unable to conduct orientation on June 15, due to the fact he is unprepared and running out of time. The key issues ABC Inc. and Robins face are the following: the incomplete orientation manuals and the 15 new trainees that have not been drug tested. Currently, Robins has only three orientation packets, and they are missing several pages, when...
Words: 1348 - Pages: 6
...the Eye of the Beholder Abstract The literature on Activity Based Costing (ABC) tends to define the ‘success’ of an ABC system in relation to the decision-making and strategy formulating opportunities it provides based on the ‘logic’ or technical attributes of ABC (Shields, 1995; Malmi, 1997). This paper argues that there is a logic of ABC and tries to identify and illustrate how people relate to, misunderstand and still ‘appropriate’ this logic and start “talking accounting”. This paper shows that the ABC system implemented in this organisation did indeed provide information for decision-making and did to some extent support the logic of ABC. The paper also shows how this knowledge was emergent, the logic was articulated, but not fully understood and it was only when the system was implemented that many attributes of the system were recognised and, in some cases misunderstood. The paper argues that the ‘success’ of this particular ABC system was dependent on the organisational context, and the changing context as well as the logic. This is reflected in the change in attitudes, awareness and understanding of costs in the department where it was implemented. Key words: Activity Based Costing, financial services, and organisational change. 2 Introduction This paper examines the introduction of an Activity Based Costing (ABC) system in a UK Clearing Bank. The development and implementation of the ABC system is traced...
Words: 10529 - Pages: 43
...Case Study Analysis of ABC, Inc. Craig Garcia COMM 215 02/23/2014 Apryl Motley Introduction: ABC, INC hired Carl Robins as their new company recruiter. He is now facing a huge challenge. Carl has only been employed for six months and recruited 15 new personnel to work for the operations department. It seems that his lack of experience has now put him in a tight spot, this just weeks before new hire orientation. Background: The new campus recruiter Carl Robins hired 15 new personal in early April. He had arranged for them to start working in July, on May 15 Monica Carrols the operations department supervisor contacted Carl about the upcoming training for the new hires. Monica informed Carl about the training schedule, orientation, manuals, policy booklets, Physicals, and drug tests. Cal assured Monica that everything would be arranged in time. The day after Memorial Day Carl started to finalize all the paper work he found that some trainees had incomplete paper work, missing transcripts the drug screening had not been completed also. Training Manual were incomplete and not even enough for the new hire training. The training room had been reserved for computer training by Joe. Key Problems: Problems started when Carl thought everything was easy or all the paper work was ready and complete. Carl waited till after Memorial Day to even think about starting to review the paper work for the Upcoming orientation classes...
Words: 707 - Pages: 3
...Case Study Analysis Introduction On this case study analysis paper we will look at Car Robin’s facing major problem as the new recruiter for ABC, Inc. He had only been employed with the company for six months when he was promoted to this position. He just recently recruited fifteen new trainees; yet, it appears that his lack of experience, lack of communication, and lack of organization has led to several problems occurring before the new trainees are supposed to begin training. Prioritizing his actions he has to handle the situation in timely manner. If he can’t not handle it within the time span he will have to minimize the damage and finally, he will have to plan for these kinds of things not to happen in the future. Background Carl Robbins, a new campus recruiter for ABC Inc., was assigned the job recruiting new hires to work for the Operations Supervisor, Monica Carrols. He hired 15 new trainees to work with Monica. This was Carl’s first recruitment effort. Car had scheduled a new hire orientation, which was to take place on June 15. He wanted to have all of the new hires working by July. On May 15, Monica contacted Carl about the training process, orientation, manuals, police booklets, physicals, and drug screening which Carl would coordinate for the new recruits. Carl secures his boss that everything would be set in time. (University of phoenix material 2012) After Memorial Day weekend, two weeks for the orientation training, Carl finds that the applications...
Words: 1356 - Pages: 6
...situation may have been alleviated by instituting a thorough supervision and mentoring program by ABC, Inc. to coach and counsel their employees. Background Carl Robins, a new recruiter for ABC, Inc. with only six months experience, successfully hired 15 new employees. Carl scheduled a new hire orientation to take place June 15 with the intent of having all the new hires working by July. On May 15, Monica Carrolls, the Operation Supervisor, contacted Carl about coordinating new hire issues such as manuals, drug tests, and policy booklets. Carl found while reviewing the new trainee files that several problems are present. Some of the applications were incomplete, drug screening was not complete, and orientation manuals were incomplete or missing pages. Furthermore, a reservation by technology services for the training room is present throughout the month of June. (University of Phoenix, 2006) Key Problems Three problems are readily apparent; employee applications are incomplete or missing data, three training manuals are currently on hand with 15 needed and the training room is reserved for the month of June. Without further investigation, root-cause analysis is mere speculation. Based on the facts presented in the case study, this author has determined several root-cause factors, which may have contributed to this calamity. These root causes stem from two sources, Carl Robins and ABC, Inc. Carl could have overstated his qualifications prior to hiring upon which a hiring decision...
Words: 1057 - Pages: 5
...Running head: RESEARCH PAPER Brenda Thomas LeTourneau University Research Paper In partial fulfillment of MBAC5213 Dr. Fred Carlson August 26, 2012 Abstract Activity-based management is a technique used by companies to identify and evaluate activities using activity-based costing and value analysis. Activity-based management focuses on managing activities to reduce costs and improve customer value. This paper focuses on the techniques and processes a company uses to remain competitive in the twenty-first century. The History Behind ABC and ABM In Peter B.B. Turney’s book Activity-Based Costing, the techniques of activity-based costing and activity-based management can be traced back over thirty years. These two approaches were being used in countries other than the United States in 1984. Different organizations and companies started executing these approaches after their systems were not effective. In 1987, articles started appearing in the Harvard Business Review and the Journal of Cost Management which changed the expectations of companies. These articles familiarized companies with accounting based costing. These concepts were beginning to be universally implemented within the business world. Large firms that had changed to ABC and ABM were encountering exceptional results over the past four years. Software was finally made available to assist with accounting based costing in 1990 (Turney 4). It looked as though these techniques were going to flourish...
Words: 2264 - Pages: 10
...Management Accounting Research, 2000, 11, 349–362 doi: 10.1006/mare.2000.0135 Available online at http://www.idealibrary.com on Activity-based costing in the U.K.’s largest companies: a comparison of 1994 and 1999 survey results John Innes*, Falconer Mitchell† and Donald Sinclair* This paper reviews the results of two U.K. surveys of activity-based costing (ABC) in the U.K.’s largest companies. These provide an opportunity to assess the changes that have occurred in the ABC adoption status of companies over a recent 5-year period. For the ABC users, some comparative information is provided on the nature of the ABC systems in use, their designers, the uses to which they have been put and the levels of success and importance that participants attribute to them. For the non-users, the reasons for their lack of commitment to ABC are explored. c 2000 Academic Press Key words: activity-based costing; perceptions of success; survey. 1. Introduction Activity-based cost/management (ABC)1 has now maintained a high profile status as an important management accounting innovation for well over a decade (Bjornenak and Mitchell, 1999). However, despite a strong and durable advocacy (Cooper, 1988; Cooper and Kaplan, 1991, 1992, 1998; Kaplan, 1992), several reservations have been expressed concerning (a) the substance of its practical attraction (Bjornenak, 1997; Gosselin, 1997; Malmi, 1999), i.e. that it may be a fad or fashion, engendering a bandwagon effect rather than a genuine and...
Words: 7213 - Pages: 29
...Final Paper Cindy D. McClay ACC: Principles of Accounting II (CBI1543A) Carolyn Woods 22 November 2015 FINAL PAPER As the controller of ABC Company, the CEO has come to me with a new opportunity that he’s been working on. The CEO would like to use the some of the shingle scrap materials to build cedar dollhouses. While this new product line would add additional raw materials and be more time-intensive to manufacture than the cedar shingles, this new product line will be able to leverage ABC’s existing manufacturing facilities as well as the current staff. Although this product line will require added expenses, it will provide additional revenue and gross profit to help reach the growth targets. The CEO is relying on me to help decide how this project can be afforded I will be providing details about the estimated product costs, what is needed to break even on the project, and what level of return this product is expected to provide. I order to start, we will go ahead and do a company cash flow using the direct method. We will examine what the cash flow says about the funds and if there are ways to improve the cash flow. We will also be suggesting any additional financing beyond what the ABC is providing internally. As we can see from the direct method, the statement shows that the company has a surplus of $180,000, invested $100,000 in fixed assets and $100,000 are paid out as dividend to stock holders. The company can only improve its cash flow position by...
Words: 1100 - Pages: 5
...INTRODUCTION ABC Telecommunications is a publicly traded, global, manufacturing telecommunications company who primarily sells copper and fiber products to customers like Verizon and AT&T/Cingular. Like many other telecommunication companies, ABC went thru a significant down-turn around 2000. Not only did offices and manufacturing plants get shut-down throughout the world, the morale and culture of ABC changed. ABC lost a lot of their highly skilled, highly valuable employees. They have consciously tried to hire “the best of the best” but yet they are not willing to provide the salaries and benefits to get those individuals. In fact, ABC has really been focusing on cost-cutting measures the last couple of years. Employee recognition and rewards are very rare, bonuses were not given last year, locations in the US continue to get shut down, and layoffs are frequent in order to get headcount and employee expenses down. Purchases of new computers and other technology equipment are considered an unnecessary expense. Understandably, turnover is high and those who stay tend not to be satisfied. Many leave quickly; others just complain and talk about how much better the company used to be. ABC was the organization reviewed in my OCI paper. ABC’s highest style rating was conventional and their second highest style was approval. Most employees feel the need to conform, to not get involved in any disagreements, and to have superficial relationships with their co-workers so...
Words: 6064 - Pages: 25
...Case Study Analysis Midwest Office Products Case Timothy Bower ACC6140 Dr. John Knight Midwest Office Products Case The content of this essay describes the case study analysis of the Midwest Office Products company. With an excellent reputation for customer service and responsiveness, Midwest Office Products is a regional distributor of office supplies to institutions and commercial businesses. The company offers a comprehensive product line ranging from simple writing implements (such as pens, pencils, and markers) and fasteners to specialty paper for modern high- speed copiers and printers. With all the advance technology the company had incorporated in making the company more efficient, John Malone, the general manager was concerned why the company has not shown a profit. Based on the interviews and data provided in the case, estimates will show the costs of processing cartons through the facility, entering electronic and manual customer orders, shipping cartons on commercial carriers, and the cost per hour for desktop deliveries. There will be calculated data for the cost and profitability of five exhibited orders, with a comparison of the costs and profitability to those calculated by Midwest’s existing costing system. The analysis provides a difference explanation for profitability of the five orders by the ABC system and the company’s existing cost system, and what actions John Malone should administer to improve...
Words: 619 - Pages: 3
...Business-to-Business Messages Comm/470 September 5, 2011 Business-to-Business Messages Business-to-business (B2B) messages are sent and received by the organizations, companies and business firms. These messages can be sent for various different purposes including invitations to do business, initiating a new business together, for joint ventures, and other reasons. Communication is extremely important for businesses that work in the virtual environment. The communication process includes the environment where the message takes place, the sender, the message that is created, technology used to send the message, noise, the receiver of the message, and the feedback that is returned. This paper will be analyzing three business-to-business messages using the communication process. The analysis should also include a descriptive explanation of characteristics that would improve the messages, including whether the message and technology were appropriate given the environment and purpose. A business-to-business message will be written to ABC Company asking to create a working relationship with XYZ Company; and write an unfavorable reply message to ABC Company. Analyzing Messages Businesses used different methods of communication when communicating with other businesses such as email, letters, memos, and proposals. The three messages that will be analyzed are going to be a business proposal, an invitation and recognition from other business. According to "Wisegeek" (2003-2011)...
Words: 2172 - Pages: 9
...[pic] Managerial Accounting BA3201 |Puganeswary Thirumalai Naidu |307254805 |BABHM | |Tan Lian Ping |11001200428010 |BABHM | |Yasmin Lim Binti Mohd.Arifin |307147803 |BBA MKT | |Herry Abubakar Mshihiri |609687502 |BBA IB | Question1 | |Task 1 : Sales and Labour Budgets : University | | | | | | | | | |1 (a) | | | | | ...
Words: 1871 - Pages: 8
