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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. All questions carry equal marks.

Question 1
(a) Describe the different types of Control Systems in an organization. (15 marks)

(b) State the importance of Accounting Controls. (10 marks)

Question 2
(a) Academic research suggests that non-financial performance measures are relevant to valuing firm performance. Discuss this statement. (10 marks)

(b) What are the reasons for measuring performance? (8 marks)

(c) What is an effective performance measurement system? (7 marks)

Question 3
(a) Describe Just-In-Time (JIT) and how it is used in Operations Management? (10 marks)

(b) The CFO of ZB Ltd has indicated to you that there is a possibility of introducing a zero-based budgetary system in the company in place of the existing system. You are required to prepare a short report that sets out:

(i) The advantages it might offer over the existing system. (5 marks)

(ii) What problems might be faced in introducing zero-based budgetary scheme? (5 marks)

(iii) Which features would you consider when introducing the zero-budgetary system? (5 marks)

Question 4
(a) Describe the different elements of Strategic Management Accounting. (9 marks)

(b) Explain the following with regards to the Balance Score Card. (16 marks)

(i) Customer Perspective.
(ii) Financial Perspective.
(iii) Learning and Growth Perspective.
(iv) Internal Business Perspective.

Dac 406: Contemporary Issues In Management Accounting Question Paper

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