Nobody downloaded yet

Moonsnail Strategic Management Accounting - Essay Example

Comments (0) Cite this document
Summary
This paper “Moonsnail Strategic Management Accounting” aims at discussing a few aspects of the strategic planning of the company and provides recommendations to the company to improve their current market position and overall quality of their products…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96% of users find it useful
Moonsnail Strategic Management Accounting
Read TextPreview

Extract of sample "Moonsnail Strategic Management Accounting"

Download file to see previous pages The next section will deal with an internal and external analysis of the company based on which strategic recommendations have been set out.
 Having gained a brief overview of the company and the history of the company, it is also essential to study the internal and external forces that create an impact on the company. Hence to gain a better understanding of the same a SWOT analysis of the company and Porter’s five force analysis of the company has been provided below (also, see Appendix). This helps in the development of the strategic direction and recommendations for the company.
 The first most essential aspect of the company that needs to be understood is the strengths. As understood, the company deals with handmade products and this helps in ensuring high-quality products with least defects. Also, the unique selling point of the company is the individualized and unique products that it develops and sells in the crafted shops. The simple processes and modest working environment of the company also permit to ensure that all processes are value based and the customers are not overcharged for any of the products, unlike the competition. The brand name and image is strong and well recognized across the country. In terms of weaknesses, the company deals with handmade products which limit products that can be developed. Also, the lack of machines in the production leads to increased processing time and increased need for human resources to meet market demand. The main markets and sales are from the tourist, which is based on seasonal markets hence leading the company to deal with the seasonal changes. High costs for advertising and marketing expenses.
 In terms of the opportunities, Moonsnail has a number of opportunities that it can use for its growth and improvements. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Moonsnail Strategic Management Accounting Essay”, n.d.)
Moonsnail Strategic Management Accounting Essay. Retrieved from https://studentshare.org/management/1569021-strategic-management-accounting-case-study
(Moonsnail Strategic Management Accounting Essay)
Moonsnail Strategic Management Accounting Essay. https://studentshare.org/management/1569021-strategic-management-accounting-case-study.
“Moonsnail Strategic Management Accounting Essay”, n.d. https://studentshare.org/management/1569021-strategic-management-accounting-case-study.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Moonsnail Strategic Management Accounting

Strategic management accounting

...the performance measurement, stock valuation, control and the establishment of selling price of different products. Standard cost is self-assumed and planned cost given to a product for the purpose of comparing it with the actual cost and cost price of the product. This actual and planned comparison of the cost and price is greatly required and used by the management. There are different uses offered and given by this comparison. The original and true efficiency and effectiveness of the organisations can easily be compared with the given set of the standard cost. This comparison would clearly highlight whether the required level of organisational short term and long term goals and objectives are achieved or the...
12 Pages(3000 words)Assignment

Strategic Management Accounting

...? STRATEGIC MANAGEMENT ACCOUNTING Strategic Management Accounting Strategic Management Accounting isconcerned with the field of management accounting and its main emphasis is upon data and information that is exogenous to an organisation, information that is non-financial and to some information that can be generated from within the organisation. Management accounting is considered to be useful when it properly displays an external image and a futuristic picture for an organisation. Strategic...
7 Pages(1750 words)Essay

Strategic management accounting

...? Strategic Management Accounting Introduction Strategic management accounting refers to a business practice that focuses on external factors and non financial information as well as information within the organization. In above connection, strategic management accounting presents numerous benefits in organization decision making. Some of its benefits include; helps in analysis of variances, monitoring and control, financial reporting, controlling cost among other benefits (Codjia, 2013). The analysis of variance involves finding the difference between the budgeted figure and the actual...
12 Pages(3000 words)Essay

Strategic Management Accounting

...? Strategic Management Accounting Introduction Strategic management differs a lot from the financial management accounting. The differences are with respect to the intent or purpose of evaluation. The strategic management helps to gain a company to gain a strategic edge, while financial management is concerned only with maintaining the financial soundness of the company (Bajaj, 2001). 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. Strategic management helps the management to align... decisions...
12 Pages(3000 words)Assignment

Strategic Management Accounting

...?Strategic Management Accounting Table of Contents Introduction 3 Part A 4 Part B 6 Market based transfer pricing 6 2. Full cost transfer pricing 8 3. Cost plus a mark-up transfer prices 9 4. Negotiated transfer prices 10 Conclusion 11 Reference List 13 Introduction Financial management and strategic management have a lot of difference in the way the two are applied (Bajaj, 2001). For example, the financial management is mainly used for core financial purposes like maintain the books of accounts and maintain the financial soundness of the company. Financial management is mainly used for...
12 Pages(3000 words)Term Paper

Stratgic Management Accounting (case study)

...Management Accounting The contribution of management accountants in the formulation of corporate strategy in Moonsnail The company should pursue activity based accounting method strategy. This allows for more accurate costing of company’s processes and activities. Management accountants are among the most important employees in an organization because their skills are important to make financial objectives and strategies as well financial monitoring and evaluation system. They largely influence the profit margins in an organization because they establish and set the cost of production. They also determine...
17 Pages(4250 words)Essay

Strategic Management Accounting

...the need for immense resources to calculate costs associated with each activity. This makes it difficult for smaller firms to derive the benefits of ABC costing method. This costing system can also become an easy prey to misinterpretation by different stakeholders (Rojas, n.d.). Improvement in product costing derived from activity based costing comes from collation of all kinds of activities and then isolation of cost specific to each activity that goes in the manufacturing process. This basis completely eliminates the need for period and product costing ambiguities that arise in the traditional costing methods. In terms of managerial scope, absorption costing scores over activity based costing because it helps...
12 Pages(3000 words)Research Paper

Strategic Management Accounting

...Strategic Management And Accounting – The case of C Ltd. ID number: Number: Table of Contents Table of Contents 2 a) Methods of product costing and effect on competitive strategy and cost control 2 Standard Costing 3 Activity-dependent Costing 3 Absorption Costing 4 b) Adoption of alternative transfer pricing approaches and their effects 5 Cost-dependent pricing 5 Market-dependent Pricing 7 Bargained Pricing 7 c) Alternatives to traditional incremental budgeting 7 Activity-dependent Budgets 8 Performance-dependent Budgets 8 Zero-Based Budgets 9 References 10 a) Methods of product costing and effect on competitive strategy and cost control Product costing refers to the process of calculating the amount of money spent by a company... . Also,...
12 Pages(3000 words)Essay

Strategic Management Accounting

...Strategic Management Accounting: United s Postal Service Contents Introduction 3 Discussion 3 Internal Architecture of United s Postal Service 3 Product Market 4 Product Lifecycle 7 Competitors Analysis 10 Capital Market 12 Recommendations 13 Conclusion 15 Reference List 16 Introduction Strategic management accounting is a contemporary approach of accounting system that takes into consideration both the financial and non-financial factors arising out of internal and external business environment (Crew and Brennan, 2015). In this paper the business model of the United States Postal Service (USPS) will be analyzed. The United States Postal Service is a self-governing institution under the federal government of the United States... is designed...
9 Pages(2250 words)Essay

Strategic Management Accounting

...Strategic Management Accounting: United s Postal Service Introduction Strategic management accounting is a contemporary approach of accountingsystem that takes into consideration the both financial and non-financial factors arising out of internal and external business environment. Business model interrogation and control is a critical aspect of strategic management accounting which leads to evaluate an organization’s interaction between its product market and capital market, analyze the internal architecture of the company and its cost considerations so that it can be evaluated whether...
9 Pages(2250 words)Essay
sponsored ads
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.

Let us find you another Essay on topic Moonsnail Strategic Management Accounting for FREE!

Contact Us