Acct 640 discussions
1
1a
Why should an employee have some
understanding of costing if they are not in the
accounting department?
1 b
Explain how the method of costing used
will impact the company with: (A) the quoting of
customer jobs and (B) gross margin/profit on the
Income statement.
2
Explain the how CVP analysis might be used in
your workplace or in a different environment you
are familiar with. Why is understanding the mix
between fixed costs and variable costs important?
How can understanding break-even point change
decision making specifically in your example? Why
would a non-accountant need to have a good
understanding of this type of analysis and terms?
3
GET A+++ solution here
5
Consider variance analysis in a service industry.
Is it a good thing to use or a bad thing to use?
Why? What good behaviors could it encourage? What
bad behaviors might it encourage? Consider a
service industry you are familiar with or
something like a call center or tax practice in
your discussion.
6
Consider performance measurement in a department
that you work in or are familiar with. Do you use
a balanced scorecard? What are the key
performance indicators that you drive towards?
What type of behaviors do they drive? Are they
discussed extensively and have become part of the
corporate culture? If you don’t use them, do you
think they could be useful? What types of KPI’s
would you choose for your department or area that
you are familiar with that would drive employee
learning & growth, customer perceptions, internal
4
processes, and financial growth? If you currently
are using them, which of these 4 areas are your
KPI’s mostly focused on? How are they measured?
If you aren’t using KPI’s yet, how would you
measure the ones you have chosen? How easy are
these to find?
7
What was the most interesting topic that we
covered in the course? Was there something that
you learned that you can apply to your current
position or in another course you may be taking?
Are there any topics that you would have liked to
learn more about, but was not covered in the
materials?
This question will help the students to
understand why they need to study accounting.
Each question responses should be a minimum of
250 words, with a goal of 500 words with at least
1 outside, academic strength source for each
question. A response to a fellow student is
required.