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Trends in Management Accounting

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The Institute of Management Accountants (IMA) has a series of YouTube Videos on Trends in Management Accounting. We will continue to review and discuss some of these trends to learn about developments in this field for discussions in this course.

Listen to the following two videos in the IMA series:

Comment and expand on a topic discussed in the videos and provide a real world example from the news or your own experience.

Presence during both weeks of the module and a minimum of three postings are expected, one original posting and two responses to colleagues. Minimum required participation does not guarantee a perfect score.

ALL RIGHTS RESERVED CONTENT

7 Trends in Management Accounting – Trend 2. Authored by: IMA. Located at: https://youtu.be/qcbpjkRgW9I. License: All Rights Reserved. License Terms: Standard YouTube License

7 Trends in Management Accounting – Trend 3. Authored by: IMA. Located at: https://youtu.be/3cwdelVpNRA. License: All Rights Reserved. License Terms: Standard YouTube License

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  • Trends in Management Accounting

    posted Jul 26, 2018 3:47 PMSubscribe

  • In watching the videos for this discussion and others alike, my takeaways on this subject is that the accountability is very important. The trends that are being discussed are shifting the way management and accountability is being focused around and its operational movement in real time. According to AccountingInFocus.com. (2018), “Financial accounting is all about historical information. In the financial statements, we are reporting things that have already happened.” Administration bookkeeping or managerial accounting is the way toward distinguishing, dissecting, recording and introducing monetary data that is utilized internally by members of management in any organization for basic leadership, business planning, managerial decision making and financial control of departments in cohesive alignment. According to AccountingInFocus.com. (2018), “ since managerial accounting deals mainly with planning and decision making, we are looking into the future and trying to predict what will happen based on historical trends.” The trends include channel and customer profitability reporting, integration of enterprise performance management methods (e.g., strategy maps, balanced scorecard), driver-based rolling financial forecasts, applying analytics, and co-existing methods (e.g. lean accounting). Accounting professionals need mastery with these. Ultimately costing principles, such as the causality principle, must be converted into practical practices with supporting tools. In discussions, an organization examines how cost modeling has evolved. It further evaluates trends and obstacles that have helped or delayed developments. Finance and accounting professional are typically considered to be very quantitative. They are by nature number crunchers. But collecting, validating, and reporting data is not the same thing as analyzing the information that can be gleaned from data. From a personal professional experience, working in the pharmaceutical industry and a part of my leadership staff, one of the things that we have to look at on a daily basis is our occupancy and the cost of keeping staff based on forecasted numbers and the real time allowance relating to the cost of having a greater number of personal available when the calls are not the to support that. The movement from product/service centric to a consumer module, in or world the consumer obsession, this shift more focuses on the NPS of the customer more so that the monetary association give the greater reward, business wise and financially in the end.ReferencesAccountingInFocus.com. (2018). What is managerial accounting? Retrieved from http://accountinginfocus.com/managerial-accounting-2/introduction-managerial-accounting-2/what-is-managerial-accounting/McLaughlin, M. (2014, February 11). Retrieved from https://www.youtube.com/watch?v=KCyg8-zM9bATaylor, M. (2014, November 20). Retrieved from https://www.youtube.com/watch?v=T_H72rQXUdAless0Unread0Replies5Views

  • Trends in Management Accounting

    posted Jul 30, 2018 10:32 AMSubscribeIn the video (trend 3) Gary Cokins discusses one of the seven major management accounting trends which were predictive accounting. Predictive accounting projects forthcoming financial performance of a business by using a statistical understanding of their process. The objective of predictive accounting is to understand the future and it’s created on the observation that much of a business’s work is repeatable. To understand predictive accounting process maps are used for the sequence of activities. Once a business gets awareness the mapping process begins; the how, when, and why the events occurred. An example of predictive accounting is: warning clients in advance about working capital being tied up in debtors and inventory, flagging abnormal transactions or doubtful debts owing to seasonality (Acuity Magazine, 2017). A business can receive different benefits from using predictive accounting. Those benefits will allow an organization strength against their competition. Predictive accounting will produce an effective relationship between the business and the client.ReferencesAcuity Magazine. (2017, December 6). Tools and techniques of the predictive practice. Retrieved fromhttps://www.acuitymag.com/finance/tools-and-techniques-of-the-predictive-practiceBrimson, J. (n.d.). Predictive Accounting Article. Retrieved from http://www.valuecreationgroup.com/predictive_accounting_article.htmInstitute of Management Accountants. (2014, March 13). 7 Trends in Management Accounting – Trend 2 [Video file]. Retrieved fromhttps://youtu.be/qcbpjkRgW9IInstitute of Management Accountants. (2014, March 20). 7 Trends in Management Accounting – Trend 3 [Video file]. Retrieved fromhttps://youtu.be/3cwdelVpNRAless0Unread0Replies2Views


  • Target Costing

    posted Jul 31, 2018 8:57 PMSubscribe

  • Class,
    In my organization, we are involved with Department of Defense acquisition process. As Air Force demands for weapon capabilities change, defense contractors will implement predictive accounting practices, such as Target Costing, to determine cost-effective solutions to deliver required capabilities to the user. For example, when there is a demand for a capability, existing assets are evaluated to see if they can fulfill the capability requirement sufficiently. If an existing asset doesn’t exist, requirements are formalized and eventually bids between contractors begins. Before and during this time, defense contractors will place bids, based on Target Costing strategies such as determining customer requirements, evaluating competition, and establishing acceptable profit margin (Brimson, 2001). In order to place a competitive contract bid, defense contractors must predict if they can deliver customer requirements at an acceptable cost, while being competitive with opposing defense contractors. Christian
    Reference:
    Brimson, J. (Using Predictive Accounting to Improve Product Management. International Journal of Strategic Cost Management, 2(3). Retrieved from:
    https://www.uakron.edu/cba/docs/ins-cen/igb/scm/bjbBrimson1.pdf00

Rubric Name: MBA/MSHRM/MSL Discussion Grading Rubric – Timeliness v1

Criteria

Initial posting reveals a clear understanding of all aspects of the threaded discussion question; uses factual and relevant information; and demonstrates full development of concepts.

Initial posting demonstrates legitimate reflection and answers most aspects of the threaded discussion question; full development of concepts is not evidenced.

Initial posting demonstrates some reflection and answers some aspects of the threaded discussion question; Limited development of concepts is evident.

Initial posting was not on topic; the response was unrelated to threaded discussion question; and post demonstrated only superficial thought and poor preparation.

Responded to the required number of students and to the professor, if appropriate, for every discussion. Demonstrated analysis of others’ posts; extends meaningful discussions by building on previous peer posts and offering alternative perspectives.

Responded to almost all of the required students and to the professor, if appropriate, for every discussion. Provided comments and new information to other posts; not all responses promote further discussion of the topic.

Responded to some students and to the professor, if appropriate, for every discussion. Little depth in response; agreed or acknowledged one other classmate’s initial posting.

Did not respond to any student or the professor.

Refers to and properly cites either course and/or outside readings in both initial posting and responses to peers.

Refers to and properly cites course and/or outside reading in initial posting only.

Makes some reference to assigned readings with some citations or cites questionable sources.

Makes no reference to assigned readings without citations or cites questionable sources.

Demonstrates mastery conceptualizing the problem; viewpoints and assumptions of experts are analyzed, synthesized, and evaluated; and conclusions are logically presented with appropriate rationale.

Demonstrates considerable proficiency conceptualizing the problem; viewpoints and assumptions of experts are analyzed, synthesized, and evaluated; and conclusions are presented with necessary rationale.

Demonstrates partial proficiency conceptualizing the problem; viewpoints and assumptions of experts are analyzed, synthesized, and evaluated; and conclusions are somewhat consistent with the analysis and findings.

Demonstrates limited or poor proficiency conceptualizing the problem; viewpoints and assumptions of experts are analyzed, synthesized, and evaluated; and conclusions are either absent or poorly conceived and supported.

Initial post occurs in a timely manner (1 – 3 days into module) allowing ample time for classmates to respond and engage.

Initial post occurs later (4 – 5 days into module) allowing limited time for classmates to respond and engage.

Initial post occurs substantially late (6-7 days into module) allowing minimal to no time for classmates to respond and engage.

Initial post occurs after the first week of the module.

Overall Score

Role of Victims in Crime, writing assignment help

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The purpose of the Formal Outline is for students to organize their research and show the topical areas that they will cover throughout the Research Project. By breaking down the literature into various sections, topics, sub-topics, and details, students can divide large amounts of data into smaller, more orderly sections. The Formal Outline helps students organize their thoughts, stay on topic, and follow a logical order. It also provides students with the opportunity to show a progression of thought and direction, and can highlight specific areas of the Research Project that may need more or less attention. 

The following article is helpful in structuring the paper: http://explorable.com/research-paper-outline-examples

Write a three to four (3-4) page paper in which you:

  1. Provide an Introduction, Body, and Conclusion.
  2. Identify the main points and sections of the Research Project.
  3. Identify the sub-topics and details consistent with the main points and sections.
  4. Present information in an organized and logical manner.
  5. Use at least three (3) scholarly sources in this assignment. Note: Wikipedia, Ask.com, Answers.com and general websites do not qualify as scholarly.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

3 page paper

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In a three-page essay, you will apply the ABC Model of Crisis Intervention using critical thinking and Kubler-Ross’ five stages of death and dying to a case study. Remember to use intervention strategies in your essay.

You should also address the following in your written Assignment:

  • Identify how the ABC Model of Crisis Intervention works in this case, explaining and applying each stage of the ABC Model of Crisis Intervention to the case study.
  • Identify how Kubler-Ross’ five stages of death and dying play a critical role in helping this couple, identifying and explaining what stage each person is in.
  • Using critical thinking skills identify the clients’ issues and ethical considerations, as a part of Stage B of the ABC Model of Crisis Intervention.
  • Based on Stage C of the ABC Model of Crisis Intervention, what coping strategies might you recommend helping this couple?

Click to see the ABC Model of Crisis Intervention.

Watch the Case Study Presentation for this Assignment or use the Case Study Script if you prefer to read, save, or print the text version.

Be sure to use specific information from the text to support your answers. When referencing the text, APA formatting must be used. Information regarding APA formatting can be found in the Writing Center and should be reviewed thoroughly. APA formatting dictates how your paper should appear on each page.

Your essay should include:

  • An APA-formatted title page
  • A body length of a minimum of 3 pages (minimum of 5 pages including title page and reference page)
  • An APA-formatted reference page with in-text citations

In addition, make sure you:

  • An introduction and a conclusion
  • Use standard margins: 1″ on all sides
  • Use standard 12-point font size
  • Use standard double-spacing
  • Use left-aligned text; do not right-justify

patient teaching plan, assignment help

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Prepare a patient teaching plan for your participant based
on the information you discovered in your previous assignments. Present your
plan using Microsoft PowerPoint.

· 
Title slide (first slide): Include a title
slide with your name and title of the presentation.

· 
Introduction/Identification (two to three slides): Introduce a modifiable risk factor(diet, smoking, activity, etc.)that will be the
focus of your presentation.

o 
Identify at least one important finding
you discovered in Milestone 1 that is associated with this risk factor.

o 
Explain how this places your adult
participant at increased risk for developing a preventable disease(obesity, Type II
Diabetes, etc.), which is described.

o 
List short and long-term goals.

· 
Intervention(four to five slides): Choose one evidence-based intervention related to the modifiable risk
factor chosen that has been shown to be effective at reducing an individual’s
risk for developing the preventable disease.

o 
Describe the intervention in detail.

o 
Provide rationale to support the use of
this intervention. Support your rationale with information obtained from one
scholarly source as well as Healthy
People 2020(http://healthypeople.gov).Include any additional resources (websites, handouts,
etc.) that you will share with your adult participant, if applicable.

· 
Evaluation (three to four slides):Describe at least
one evaluation method that you would use to determine whether your intervention
is effective. Outcome measurement is a crucial piece when implementing
interventions.

o 
Describe at least one method (weight,
lab values, activity logs, etc.) you would use to evaluate whether your
intervention was effective.

o 
Describe the desired outcomes you would
track that would show whether your intervention is working.

o 
Include additional steps to be considered if your plan proved to be
unsuccessful.

· 
Summary (one to two slides):Reiterate the main
points of the presentation and conclude with what you are hoping to accomplish
as a result of implementing the chosen intervention.

· 
References (last slide):List the references
for sources that were cited in the presentation.

Remember, you are creating a patient teaching plan
so be sure to include terms easily understood by the general population and
limit your use of medical jargon. Slides should include the most important
elements for them to know in short bullet-pointed phrases. You may add
additional comments in the notes section to clarify information for your
instructor.

3 Pages. White Paper – Public Health Policy

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General formatting requirements: All assignments should be done in 12-point font, double spaced. If referencing material outside of the course, use an accepted referencing format (e.g., APA or MLA style). All material from outside the course must be appropriately referenced or it will be considered plagiarism.

Assignment 6 (Weeks 12-13):

Based on the public health problem you identified and described in your previous assignments, DIABETES (assignment attached). Write a White Paper for the Miami-Dade, Broward or Monroe County Health Department advocating for funding for the selected program or policy. Include in this: an implementation plan, a policy or program evaluation plan, and a plan for stakeholder engagement and dissemination. In your white paper explain how this option would improve health equity and address the diverse populations in the county. In addition, identify one county or state legislator currently working on the problem, and select one alternative method (youtube video, one-page policy memo, infographic, etc.) to advocate for your policy recommendation.

Please use the template provided below for the white paper. A white paper is similar to a policy brief, with the difference being that a white paper advocated for a particular position or recommendation. Your white paper should be no more than three pages in length. For the second part of the assignment, you can choose any alternative medium you want, but whatever it is should be a concise summary of the white paper.

Title

Executive Summary

A brief summary on what the White Paper entails and is used to help the reader to quickly understand the paper’s purpose.

Background / Problem(s)

Provide readers with the general background information on the issue at hand. You can build this part on the Statement of the Problem and the Background parts from your previous assignment.

Recommendations

After explaining the background and problems, propose your solution or recommendations. Only one option will be recommended. You can use the one you recommend from the last assignment. Include a policy or program evaluation plan, and a plan for stakeholder engagement and dissemination. Explain how this option would improve health equity and address the diverse populations in the county.

Conclusion

The conclusion should briefly restate the main findings and show readers why the goals and/or solutions presented in the previous section are in their interests. What makes white paper conclusions different than other conclusion is the emphasis on what the reader can do as a next step.

References

Place works cited at the end of your white paper

Competiveness and Performance Effectiveness for Health Care IT Systems

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Write a six to eight (6-8) page paper in which you:

  1. Define the fundamental responsibilities and key characteristics of the Chief Information Officer (CIO) and Chief Technology Officer (CTO) within health care organizations. Make one (1) recommendation where they can utilize their expertise to assist with employee and patient satisfaction. Support your response with related examples of such expertise in use.
  2. Suggest two (2) developing technologies that health care systems should use in order to improve health care processes and thus increase the quality and lower the cost of health services. Provide a rationale to support your response.
  3. Determine two (2) significant methods that health care systems should use in order to prevent misuse of information and protect data privacy and thus achieve a high level of security of health information. Provide a rationale to support your response.
  4. Suggest one (1) strategy for health care organizations to train providers in using technology in health care. Provide a rationale to support your response.
  5. Provide three (3) best practices for effective IT alignment and strategic planning initiatives. Justify your response.
  6. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and similar type Websites do not qualify as academic resources.

Your assignment must follow these formatting guidelines:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.

The specific course learning outcomes associated with this assignment are:

  • Examine the impact technologies have on health care information systems.
  • Describe the basic components of a strategic information system plan.
  • Describe the major types and classifications of health care information standards and the specific organizations that develop and regulate these standards.
  • Discuss the need for, and identify methods of, accomplishing the security of information systems.
  • Evaluate the impact of strategic information system plans on organizational competiveness and performance.
  • Use technology and information resources to research issues in health information systems.
  • Write clearly and concisely about health information systems using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric found here.

The Environmental Protection Agency

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The Assignment 14–15 pages in length (double-spaced), not including the title page, the abstract, and references.

AND should contain the following sections (the sections can be reordered for appropriate flow):

  1. Mission and goals of the organization
  2. Ethical considerations related to finance and budgeting within the organization
  3. Technological considerations for improving the efficiency or effectiveness of finance and budgeting within the organization http://www.gfoa.org/sites/default/files/BudgetTech…
  4. Applicable laws, regulations, and policies impacting the organization’s financial and budgetary operations
  5. Internal factors impacting successful strategic financial planning
  6. Evaluation of the organization’s annual financial report
  7. Evaluation of the organization’s revenue sources
  8. Evaluation of the organization’s expenditures
  9. Assessment of the organization’s overall financial condition

Your Final Project must demonstrate both breadth and depth of knowledge and critical thinking appropriate to graduate-level scholarship. It must follow the Publication Manual of the American Psychological Association guidelines and be free of typographical, spelling, and grammatical errors. Also, you must use at least six scholarly sources from the library that were published within the past five years to support the paper. (Attached)

Be sure to support your Final Project with specific references to all resources used in its preparation. Must be scholarly and credible references.

Some Reference links

https://www.aspanet.org/ASPADocs/Ethics%20Committee%20proposal%20for%20Council%2012-08-10.pdf

http://www.gfoa.org/sites/default/files/BudgetTechnologyReport.pdf

https://www.oge.gov/Web/oge.nsf/Resources/Standards+of+Ethical+Conduct+for+Employees+of+the+Executive+Branch

http://www.gfoa.org/sites/default/files/GFR_FEB_13_48.pdf

https://www.gasb.org/home

The Book for this class must be used!!! Mikesell, J. L. (2018). Fiscal administration: Analysis and applications for the public sector (10th ed.). Boston, MA: Wadsworth.

Need a 6 slide powerpoint presentation

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  • For decades, relational databases remained essentially unchanged; data was segmented into specific chunks for columns, slots, and repositories, also called structured data. However, in this Internet of Things (IoT) era, databases need to be re-engineered because the very nature of data has changed. Today’s databases need to be developed with the needs of IoT in mind and have the ability to perform real-time processing to manage workloads that are dynamic. For example, relational databases should be able to work with real-time data streaming and big data (an example was presented in the Unit III Lesson).Scenario: Falcon Security wants their customers to be able to view security video footage in real-time and provide customers with the ability to query video footage for viewing. Choosing a database solution such as MongoDB would allow Falcon Security to store customer video footage in the same database as the metadata.To do this, Falcon Security needs a way to manage the demands of real-time data streaming for real-time analytics. Conduct some research for a NoSQL database application, such as MongoDB or Cassandra, that could meet this need. How would switching to a real-time database solution help Falcon Security remain competitive? Create a PowerPoint presentation that includes the components listed below.
    • Provide a brief introduction to IoT.
    • Present the argument to the Falcon Security CEO that switching to a more dynamic database structure (NoSQL real-time database) will meet the demands of IoT.
    • Introduce some features of the database you chose, whether it is MongoDB, Cassandra, or another database.
    • Describe how switching to a more dynamic database will give Falcon Security a competitive advantage.

    Your presentation must be a minimum of six slides in length (not counting the title and reference slides), and you must use at least two academic resources. Any information from a resource used must be cited and referenced in APA format.Submit Unit III PowerPoint Presentation »

Nursing Research and Evidence-Based Practice

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Nursing Research and Evidence-Based Practice

In your practice as a nurse, you may use procedures and methods that did not necessarily originate in evidence, but instead were derived from informal and unwritten conventions, traditions, and observations. While these techniques may have merit, practices are constantly being updated and contradicted by information from scholarly research studies and professional guidelines. This new information serves as “evidence” for revising practices to improve outcomes across health care.

Based on this evidence, you can formulate a question. In this Discussion, you consider the use of evidence-based practice in your own organization and formulate a question that you will need to answer for your portfolio project. This is called a PICOT question. You will also investigate strategies for overcoming barriers to implementing evidence-based practice (EBP).

To prepare: Consider a recent clinical experience in which you were providing care for a patient.

Determine the extent to which the care that you provided was based on evidence and research findings or supported only by your organization’s standard procedures. How do you know if the tasks were based on research?

What questions have you thought about in a particular area of care such as a procedure or policy?

Review Chapter 2, pages 31–34 on “Asking Well worded Clinical Questions” in Polit & Beck and consult the resource from the Walden Student Center for Success: Clinical Question Anatomy & examples of PICOT questions (found in this week’s Learning Resources). Formulate your background questions and PICOT question.

Reflect on the barriers that might inhibit the implementation of evidence-based practice in your clinical environment.

Review the article “Adopting Evidence-Based Practice in Clinical Decision Making” in this week’s Learning Resources. Select one of the barriers described that is evident in your organization and formulate a plan for overcoming this barrier.

Write an evaluation of the use, or lack thereof, of EBP in a recent clinical experience. Identify which aspects of the care delivered, if any, were based on evidence and provide your rationale. List your background questions and PICOT question about this nursing topic. Critique how the policies, procedures, and culture in your organization may hinder or support the adoption of evidence-based practices. Identify the barrier you selected from the article and explain how this barrier could be overcome within your organization.

coca-cola and Pepsi

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Comparing Capital Expenditures

Select a company and access the last three years’ annual reports. Next, select a company that is a direct competitor and download the previous three years’ annual reports.

Research Tip:  The “Mergent” database in the Ashford Library contains company profiles and financial information for publicly traded companies and their competitors.  To access this database enter the Ashford Library and select “Find Articles and More” in the top menu panel.  Next, select “Databases A-Z” and go to section “M” for “Mergent”.  For help with using Mergent use Mergent Online Quick Tips.

Tip: For help with reading an annual report access this handy guide from Moneychimp (http://www.moneychimp.com/articles/financials/fundamentals.htm)

Using the annual reports of both companies, complete the following in a three- to five-page paper, excluding title and reference page(s):

For each company, report the amount of capital spending for the past three years. Quantitatively determine whether the amount of capital spending has been consistent or if it has fluctuated. Be sure to provide the calculations used to determine your answer. Describe the capital expenditures of each firm and the factors that impacted the companies’ debt capacities and capital structures.

Next, compare the level of capital spending across the two firms. Point out how the spending was similar and/or different and speculate why the similarities or differences might exist. You must use at least three scholarly sources in addition to the text. Support your comparison with evidence from the text, external sources, and articles/reports from the Mergent database in the Ashford University Library