We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Strategic Accounting - Assignment Example

Comments (0)
Strategic Accounting Name: Instructor: Course: Date: PART A Introduction Quality costs simply refer to the costs associated with preventing, looking for and identifying defects associated with products and services offered by a particular organization. Understanding of quality costs begins with a reviewal and treatment of quality from a customer’s point of view (Cole, 2003)…
Download full paper

Extract of sample
Strategic Accounting

Download file to see previous pages... Quality costing should therefore be understood as the cost of not producing a product, which bears the above components that gauge a quality product or service (Thompson, 2010). The aspect of quality cost arises from the third era of quality where it emerges as a tool of quality assurance with its main goal being to avoid problems, by giving room to coordination of activities. Quality control as a technique of management accounting has been improved over time through the contribution of various scholars, who added in more knowledge and insight to quality control. Crosby initiated the aspect of quality testing through inspection, quality management, quality assurance and improvement (Kilger, 2002). Deming on the other hand shared his contribution by introducing the aspect of companywide quality control, which was later revised by Juran through his total quality management technique (Nokes, 2000). Quality costs are mainly understood in four major groupings which are commonly referred to as the four types of quality costs. Prevention costs is a type of quality control and is considered as generally the most effective way to manage quality costs and avoid defects of products and services (Sadler, 2003). Prevention costs hold on a projection that it is better to prevent a defect from occurring at the first place than to correct it when it has already occurred, as it tends to be more expensive. Prevention costs make use of control activities such as statistical process control, quality engineering and training, which reduce defects. Prevention cost as a type of quality control also takes in activities relating to quality control, which consists of people who meet to discuss and solve quality problems. Statistical quality control as an activity of quality control is used to detect whether a specific product or service is in or out of quality (Samset, 2010). Prevention costs therefore take in the perspective of all activities that are designed to prevent the initial poor quality of products and services (Commission for local governance, 2000). Appraisal costs are also referred to as inspection costs and are incurred by an organization with the aim of identifying defective products in the production process, to make sure that defective products are not shipped to customers. Appraisal costs have the purpose of inspecting the production process and ensuring defective products are identified and eliminated. Many organizations however look at appraisal costs as expensive and ineffective to customers (Cadez, 2008). Other than employing appraisal costs, many companies encourage customers to be increasingly responsible for their own quality control through designing products that allow simple manufacturing, which gives a chance for quality to be built into the products (Morden, 2012). Internal failure costs on the other hand refer to cots incurred internally when a particular product fails to conform to design specifications that had been identified initially. Internal failure ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Strategic management accounting
With the help of budgets and with the help of budgetary control, different objectives of the organisations are determined and served. To increase efficiency, to highlight inefficiency, to motivate and to understand and pinpoint the causes of demotivation, the source of budgets are greatly used and applied.
12 Pages(3000 words)Assignment
Strategic Management Accounting
The two types of financial management differs in the sense that financial management can only provide the company a glimpse of where it is standing right now in terms of financial soundness. While strategic management enables a company to go beyond the boundaries of the normal financial management.
12 Pages(3000 words)Assignment
Financial accounting College Assignment
A list of grant recipients is required to be available, for example, in an appendix to the report, on request or through the Internet," (Department of the Prime Minister and Cabinet, op. cit., page 14). Grants associated with income, as in the case of the subsidiary receiving the grant to educate its students, are sometimes represented as a credit in the income and expenditure statement.
3 Pages(750 words)Assignment
Strategic Accounting Assignment
Under Activity-based costing, Widgets and Gadgets exhibit positive GM rates of 12.8% and 3.1% correspondingly, while the new product Helios has a negative GM rate of -0.8% and decreases the division's overall profitability. Noteworthy, Widgets brings 41% of sales volume and almost 74% of the total gross margin for the division, continuing to play a "cash cow" role for the division.
10 Pages(2500 words)Assignment
Initially the company was formed with a view to help customers save on their purchase. Over time, this has become the underlying business philosophy of the company that has earned a global brandname for itself. Walmart Inc. is listed on the NYSE from
9 Pages(2250 words)Assignment
Cost Accounting and Cost Accounting System
ther hand, cost accounting systems are the internal information systems structures and procedures that are applied by a company to ensure proper cost accounting. Cost system is one of the scopes of cost accounting, although both have a common objective of providing relevant
1 Pages(250 words)Assignment
Strategic Management Accounting - Assignment
Top Building Construction Ltd is well established company in the construction industry mainly focusing on building large industrial buildings, as well as offering maintenance services. This company has vast experience of more than 30 years, currently the
6 Pages(1500 words)Assignment
Describe and explain strategic and short-term planning processes and their importance in management. Identify and discuss various types of financial accounting and control methods
As a result of the importance of Strategic and short-term planning processes in business management it is always advisable for business managers to pay keen attention to
10 Pages(2500 words)Assignment
Introduction to managerial accounting slp
From the initial levels, the company has been committed to ethically sourcing as well as roasting the best quality Arabica coffee in the
3 Pages(750 words)Assignment
Cost, Budgets and Strategic Decision Making in Management Accounting
Management accounting includes communicating information to the affected employees. Budgets are important management priorities. The operating budget is done in several consecutive steps (Debarshi, 2011). First, the revenue or sales budget is prepared. The marketing
5 Pages(1250 words)Assignment
Let us find you another Assignment on topic Strategic Accounting for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us