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ACCT 4100- Final Exam Guide - Comprehensive Notes for the exam ( 28 pages long!)


Department
Accounting
Course Code
ACCT-4100
Professor
Kennedy
Study Guide
Final

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Clemson U
ACCT 4100
Final EXAM
STUDY GUIDE

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Lecture 1
Management Control Systems
Larger system
Reporting, accountability: innovation?
o Periodic?
o Automatic?
How to use traditional cost management to evaluate alternatives
Lean Processes
o Customer
o Efficiency: on time, correctly
What are the differences in how products and services are produced
and delivered?
Lean Accounting
How do these differences impact information requirements?
Capacity Management
o Expensive
o Hard to measure
o Decreasing investments
How do we measure capacity? How do we optimize its use
Sustainability Reporting
o More than environmental
How do we measure, report and manage the impact and costs of
environmental and social programs
Target costing
Performance measurement
How can we design performance measurement systems meet a companies
goals?
Incentive systems
How do we motivate employee
Homework for Thursday
Control in an Age of Empowerment by Robert Simons
Outline key points for discussion
Lecture 2
Four Control Systems
Key points of Control of Empowerment Article
Balance: empirical <--> wild
Only diagnostic unethical
As decentralized more isolated
Boundary control unethical
Boundary and Belief hand and hand
Upper Management has to model behavior
Interactive controls reactive to the market
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Knowing the difference between interactive and diagnostic
Knowing how to leverage the systems
What matters?
o Size
o Area of business
WSJ Article: Marching to a Vibrant Drummer
Innovation
Making things different: competitive advantage
Empowerment
Interactive controls*
o Seeing advantages and using the technology
o Adapting to benefit other areas
Creativity encouragement
Does not mention boundaries
Diagnostic:
o Price advantage
o Consumer reports
find more resources at oneclass.com
find more resources at oneclass.com
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