StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Strategic Management Accounting - Essay Example

Cite this document
Summary
Strategic management accounting is a contemporary approach of accounting system 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…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.6% of users find it useful
Strategic Management Accounting
Read Text Preview

Extract of sample "Strategic Management Accounting"

Download file to see previous pages

In this paper the business model of United States Postal Service will be analyzed. USPS is an independent agency of the United States federal government responsible for providing postal service in the United States. The USPS employed 626,764 workers as on January, 2014 and operated 211,654 vehicles in 2013. The USPS is the operator of the largest civilian vehicle fleet in the world. The USPS is legally obligated to serve all Americans, regardless of geography, at uniform price and quality. The USPS has exclusive access to letter boxes marked "U.S. Mail" and personal letterboxes in the United States, but still competes against private package delivery services, such as UPS and has part use with FedEx Express.

The paper will explore different constituents of product and capital markets to understand interaction between both the markets. The United States Postal Service is facing the most urgent financial challenge in its history. Protecting the viability of the nation’s postal system is a complex and difficult task that has no simple solution. The Postal Accountability and Enhancement Act of 2006 (hereafter referred to as the Postal Act of 2006) revised the break-even regulatory model of the Postal Reorganization Act of 1970 (PRA) in favor of a profit and loss model.

An underlying presumption of the Postal Act of 2006 was that mail volume would continue to grow. However, falling mail volumes due to the recession and electronic diversion, combined with the additional statutory burdens that are discussed in greater detail later in this paper, make it evident that the Postal Service’s existing business model does not provide the flexibility needed to meet the new market realities. The tools available to the Postal Service are insufficient to respond to the combined effects of the economic recession, the diversion of mail to electronic alternatives, and the statutory requirement

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Management Accounting Essay Example | Topics and Well Written Essays - 2250 words - 2”, n.d.)
Strategic Management Accounting Essay Example | Topics and Well Written Essays - 2250 words - 2. Retrieved from https://studentshare.org/management/1681718-strategic-management-accounting
(Strategic Management Accounting Essay Example | Topics and Well Written Essays - 2250 Words - 2)
Strategic Management Accounting Essay Example | Topics and Well Written Essays - 2250 Words - 2. https://studentshare.org/management/1681718-strategic-management-accounting.
“Strategic Management Accounting Essay Example | Topics and Well Written Essays - 2250 Words - 2”, n.d. https://studentshare.org/management/1681718-strategic-management-accounting.
  • Cited: 0 times

CHECK THESE SAMPLES OF Strategic Management Accounting

Financial Analysis of Current Position of Jools Furniture

Profitability The ROCE may be used to assess how well the management of the divisions have performed (BPP 2009, p.... However, management indicates that the division needs to achieve a 10% return on investment (ROI) and it is currently below that level.... This is above the 10% ROI required by management.... These percentages are above the ROI of 10% required by the management....
20 Pages (5000 words) Assignment

BSkyB and Entertainment and Sports Programming Network

BSkyB & ESPN Table of Contents 1 Table of Contents 2 Question 1 3 The Need for a Performance Measurement System in an Organisation 3 The Balanced Scorecard 4 Suggested Balanced Scorecard Measures for BSkyB and ESPN 4 Question 2 6 Two Other Different Strategic Management Accounting Techniques 6 Comparison and Contrast of the Problems Faced 9 References 10 Question 1 The Need for a Performance Measurement System in an Organisation Ever since the commencement of an organisation, it is significant and necessary to comprehend the requirement of gauging the performance of an organisation....
6 Pages (1500 words) Essay

Strategic Management Techniques

The five broad Strategic Management Accounting categories and the associated sixteen Strategic Management Accounting techniques are as follow (Cadez and Guilding, 2008): 1.... Introduction: Organisations, all over the world, are in the search of different strategic management tools and techniques for coming with effective and efficient strategies.... hellip; Cadez and Guilding (2008), in this regard, have presented sixteen strategic management techniques, which are divided into five categories....
7 Pages (1750 words) Essay

Models and Concepts on Pricing Decision

The report will mainly focus on three areas of Strategic Management Accounting.... The report will then conduct an in depth analysis of the Strategic Management Accounting.... Finance and Accounting Table of Contents Introduction 3 Models and Concepts on Pricing Decision 3 Role of Standard Costing and Variance Analysis in management accounting 5 Activity Based Costing System: Advantages and Disadvantages 5 Advantages 6 Disadvantages 6 Evaluation and Analysis 7 Conclusion 8 References 9 Introduction A company whether large or small, has to deal with different type of issues....
10 Pages (2500 words) Essay

The Core Management Accounting Roles

By Insert Your Name Presented to Course Institution Name, Location Date Due 1: Define Strategic Management Accounting Strategic Management Accounting is a kind of management accounting where focus and emphasis is put on both internal and external factors of a firm.... 2 (B) Describe the context of sense-making in Strategic Management Accounting It is notable that there are theories which have provided evidence that Strategic Management Accounting is vital in developing sense-making process....
6 Pages (1500 words) Essay

The Concept of the Balanced Scorecard

They therefore devised what they called the 'balanced scorecard' - a set of measures that gives Strategic Management Accounting system a fast but comprehensive view of the business.... They therefore devised what they called the 'balanced scorecard' - a set of measures that gives Strategic Management Accounting system a fast but comprehensive view of the business.... accounting (a) The concept of the balanced scorecard was originally developed by Kaplan and Norton (1992)....
2 Pages (500 words) Essay

Management Accounting Practices

According to Andreas Hoffjan and Andreas Wompener, Strategic Management Accounting is not incorporated into textbooks within coherent, consistent framework because of myriad factors.... On the other hand, "controlling" as used in the German-language section describes a more detailed Management accounting practices al affiliation Management accounting practices Question According to Andreas Hoffjan and Andreas Wompener, Strategic Management Accounting is not incorporated into textbooks within coherent, consistent framework because of myriad factors....
2 Pages (500 words) Essay

Ratios of the Jools Furniture Company

The ROCE may be used to assess how well the management of the divisions have performed.... However, management indicates that the division needs to achieve a 10% return on investment (ROI) and it is currently below that level.... This study provides a brief analysis of Jools Furniture Company by looking at some important ratios such as profitability ratios, efficiency ratios, liquidity ratios and financial structure ratios and provides an explanation of their importance as financial measures....
20 Pages (5000 words) Assignment
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.
Contact Us