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Dac 406: Contemporary Issues In Management Accounting Question Paper

Dac 406: Contemporary Issues In Management Accounting

Course:Bachelor Of Commerce

Institution: University Of Nairobi question papers

Exam Year:2012

INSTRUCTIONS:
1. Answer ALL Questions.
2. Marks are allocated as shown in each question.

Question 1
'The relationship between Management Accounting and Information Technology is receiving considerable research interest' - Granhind Markevs on the interface between management accounting and modern IT; a literature review and empirical evidence (May 2007).

Required:
(a) Discuss the transforming potential of modern IT through the domains of accounting and the complex intertwine of integrated IT with accounting and control. (15 marks)

(b) Explain the beneficial and problematic effects of IT developments have had on accounting and control practice. (10 marks)

Question 2
Guilbirg, Cravens and Tayles writing in Management Accounting Research (Vol.II No.1, March 2000) the article 'an international comparison of strategic management accounting practices' surveyed large companies in New Zealand, the United States to investigate the incidence and perceived merits on various SMA practices. They found that there is wide range and application rates for the various practices provided and these competitor accounting and strategic pricing are the most widely used.

Reauired
(a) Explain the meaning of competitor accounting and strategic pricing. Use suitable illustrations to clarify your answer. (15 marks)

(b) What are the benefits of adopting the two practices to a manufacturing firm in Kenya? (10 marks)

Question 3
(a) The level of efficiency assumed in the setting of standards has important motivational implications. Discuss. (10 marks)

(b) What are the behavioral aspects by those who are designing and operating standard costing and budgetary control systems? (15 marks)

Question 4
(a) Explain the use of cost behaviour in management accounting. (6 marks)

(b) Under what conditions is a cost controllable at a particular level of management? (6 marks)

(c) A variable base should never be used in allocating fixed service department costs to production departments. Explain. (13 marks)

Dac 406: Contemporary Issues In Management Accounting Question Paper

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