speed - managerial accounting

8/10/2019 SPEED - Managerial Accounting

http://slidepdf.com/reader/full/speed-managerial-accounting 1/4

Managerial AccountingRJ Sustiguer, MBA, CPM, REA, REB

School of Professional and Executive Education

Green Valley College Foundation, Inc.

PORTFOLIO REQUIREMENT

This portfolio is to be prepared by the student in order to assess his or her

performance in the class Managerial Accounting.

Percentage

Rating

Assessed

Rating1 Define the following Concepts:

(a) Planning (b) Control (c) Variable

Cost (d) Contribution Margin (e) Fixed

Cost (f) Break even Point (g) Cost

Driver (h) Step Variable Costs (i) Direct

Costs (j) Indirect Costs (k) Activity

Based Costing (l) Quality Costs (m)

Loss Leader (n) Zero Based Budgetting

(o) Cost Center (p) Investment Center

(q) Sales Volume Variance (r) ResidualIncome (s) Decentralization (t)

Internal Ranking (u) Kaizen Costing (v)

Job Order Costing (w) Value Chain

Analysis (x) Normal Costing (y)

Manufacturing Costs (z) Standard

Absorption Costing

10

2 Topic: Cost Volume Profit

Illustrate how the following values arecomputed using your own assumptions

or examples. In your illustration, show

the formula, your assumptions, the

process of computation and final value.

a. Contribution Margin

b. Operating Leverage

c. Break even point

d. Sales in units to achieve Profit

e. Sales in Pesos to achieve Profit

f.

Target Profitg. Margin of Safety

10



h. Total Cost

3 Topic: Balanced Score Card

Evaluate your organization using the

Balanced Score Card. Identify 3 to 5Performance Metric for each of the 4

Perspective in the Scorecard that is

applicable to your organization and

undertake simple qualitative or

descriptive evaluation. Prepare a 2-3

page evaluation.

10

4 Topic: Responsibility Centers

Classify the different departments inyour organization as a revenue center,

cost centers, profit center or

investment center. Provide

explanations and reasons for the

classification.

If you are not part of any organization,

you may use an existing organization

you are familiar with.

10

5 Topic: Residual Income and Transfer

Pricing

Illustrate the following concepts your

own assumptions or examples. In your

illustration, show the formula, your

assumptions, the process of

computation and final value.

a. Residual Income

b. Transfer Pricing

c.

Reciprocal Method

10

6 Topic: Operational and Financial

Budgetting

Prepare a sample Operational Budget

of a business, project or an activity that

you have done in the past or the

present. In your budget, place the

following inputs:

a)

Activity/Itemb) Budgeted Costs

10



c) Actual Costs

d) Variance

e) Comments on Variance: Was it a

positive or negative variance

and how can it be improved or

minimized ?

7 Topic: Just In Time Manufacturing

Prepare a 2 Page research paper on

Just in Time Manufacturing with the

following components:

a) What is JIT

b) Advantages of JIT

c)

How is JIT ImplementedImplication of JIT to Costing and

Control

10

8 Topic: Product Costing

Prepare a 2 Page paper on the Flow of

Manufacturing Costs. Present a model

showing the Flow and explain each

component of the model.

10

9 Topic: Activity Based Costing

Define activity based costing and

illustrate the concept of activity based

costing using at least three (3) actual

or simulated examples.

10

10 Topic: Cost Accounting Cycle

Illustrate the following concepts your

own assumptions or examples. In your

illustration, show the formula, yourassumptions, the process of

computation and final value.

a. Actual Process Costing

b. Job Order Costing

c. Standard Costing

10

speed - managerial accounting

Documents