essay about Managerial Accounting in the Management Process”

Team Essay & Presentation

The team essay will be about “Managerial Accounting in the Management Process”. The management process has five basic phases:

Planning

Directing

Controlling

Improving

Decision Making

Choose a company, research the company and describe its Management Process. Each team must choose a different company for the team project.

The Team Essay is worth 200 points.

The Team Presentation is worth 500 points.

Each student will contribute 1,100 words or more to the essay.

The presentation will be a Powerpoint presentation not to exceed 10 minutes. A 10% penalty will be applied if you go over 10 minutes. Know you material. Practice your presentation. In a 5 student team, each student will have approximately 2 minutes to present their information about the company and show the powerpoint slides.

Here are some suggestion to help you get started. You don’t need to address each item. And, there may be other information you want to include.

Your essay should be in APA format. Cover Page (properly formatted), Introduction, Analysis and Conclusion for each category, and a reference page (again, properly formatted). Wikipedia is not a reference.

Here are some helpful hints:

Always double space

Use New Times Roman font 12 point

The Introduction, Analysis and Conclusion should be centered on the page

References go on a separate page Here is an example of reference formatting:

Stickney, C. P., Weil, R. L., Schipper, K., & Francis, J. (2010). Financial accounting, an

introduction to concepts, methods, and uses (13th ed.). Mason, OH: South-Western

Cengage Learning.

Indent paragraphs

Each section of the essay is worth 200 points as follows:

200 Points

Intro- 20.0 max =

Analysis 100.0 max =

Conclusion 40 max =

Grammar, Spelling , APA 40 max =

The title of your essay will be “THE MANAGEMENT PROCESS”.

Planning

Describe the Planning process

Develop the Company’s Objectives by identifying problems or new market opportunities.

The actions to take might be as follows:

Setup a dedicated quality assurance department and staffs.

Periodically train company employees on those quality requirement and control processes.

Find a consulting company to help training staffs.

Increase budget for new staffs, facility, equipment and training materials.

Discuss the two planning classifications:

Strategic planning:

Operational planning:

Identify alternatives –

Evaluate alternatives –

Choose course of action & implement the best alternatives –

Directing

Describe and evaluate the day-to-day process of running the operations.

Directing has three important elements:

Supervision: means overseeing the work of employees by their superiors.

Motivation: means inspiring, stimulating, and encouraging employees with positive, negative, monetary, or non-monetary incentives.

Leadership: supervisors

Controlling

Describe and illustrate how controlling monitor’s the operational results and compares actual results with the expected results.

Describe and illustrate the four steps in the control process:

1. Establish standards to measure performance

2. Measure actual performance

3. Compare performance with the standards

4. Take corrective actions

Improving

Describe and illustrate the “Continuous Process Improvement” philosophy.

Describe and illustrate how this process eliminates the source of the problems in a process.

Decision Making

Describe and illustrate the decision making process.

What is a decision? How does it affect a choice between two or more alternatives.

Decision points:

frame the problem

create the alternatives

define the values

analyze information