introduction to Managerta: Accounting PROBLEMS Group B P1-44B Management process
ID: 2604845 • Letter: I
Question
introduction to Managerta: Accounting PROBLEMS Group B P1-44B Management processes and accounting informatictn Learning Objectives 1 & 2) Dale Ohh has his own electronics retail chain, Circuit Pro. His stores sel!l computer pune audio-visual equipment, consumer electronics, and related items. Custom computer buld ing and electronics repair are also offered. In addition, Circuit Pro has a Website to se its merchandise. Circuit Pro has a staff of 90 people working in 6 departments: Salus, Customization, Repairs, Web Development, Accounting, and Human Resources Each department has its own manager Requirements 1. For each of the six departments, describe at least one decision/action for each of the four stages of management (planning, directing, controlling, and decision making) Prepare a table similar to the following for your answer: Planning Directing Sales Customization Repairs Web Development Accounting Human Resources 2. For each of the decisions/actions you described in Part 1, identify what information is needed for that decision/action. Specify whether that information would be generated by the financial accounting system or the managerial accounting system at Circuit Pro. P1-45B Ethical dilemmas (Learning nhiactiveExplanation / Answer
A)
b
The managerial accounting system will be used to gather, summarize and report data above.
Planning Sales ->Increase sales. Repairs-> Increase volume of repairs Customization -> Increase number of custom systems built Web Development -> Increase web traffic Accounting -> Implement ERP system to monitor department activities and record finances. Human Resource -> Decrease employee turnover. Directing Sales -Examine sales reports -Setting competitive prices. Repairs -Set competitive prices; generate reports showing time used for each type of repair. -Streamline process to save time. Customization -Find out what customers want and need. -Observe competitors for prices and customizations offered. -Improve employee certification and offer higher-quality parts. Web Development -Improve design of website. -Offer more products online. -Increase marketing efforts. -Make shopping easier and more intuitive Accounting -Find potential flaws in the system and fix before implementation. -Train employees on new system. Human Resources -Give feedback to employees. -Hire employees that are "a good fit" for the company. -Raise employee morale' set clear job descriptions. Controlling Sales -Monitor sales numbers and prices from different products and locations over time. -Investigate variances. Repairs -Track total numbers of repairs. See if more repairs are being made and if time is utilized efficiently. Customization -Examine number of computer systems built per type (multimedia, gaming, etc) Web Development -Monitor web traffic by having an online counting device. -Look at sales numbers to see if people are just surfing or actually buying merchandise. Accounting -Double check entries to ensure system is working properly. -Track employee work schedules to stay on time. Human Resources -Interview employees to determine potential problems with the workplace -Monitor both involuntary and voluntary turnover.Related Questions
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