Preview

Porsche Changes Tack

Good Essays
Open Document
Open Document
629 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Porsche Changes Tack
3104AFE STATEGIC MANAGEMENT ACCOUNTING INDIVIDUAL ASSIGNMENT Assessment weighting: 15% Due date: 19 April 2013, 5 pm. Submission: Gold Coast campus students: must submit the assignment to the Assignment Collection Centre, Library, Gold Coast Campus Nathan campus students: must submit the assignment to the Assignment Collection Centre , Library, Nathan Campus Note: To be fair to all students in this course: 1. No extensions will be granted. 2. Convenor/ tutors will not give any feedback on the work prior to submission. Marking criteria: Ability to apply complex ideas to a case study (ability to apply the relevant theory to the scenario ) To be able to choose between competing contingencies in a business context (ability to apply the relevant theory to the scenario) Ability to communicate response in a business context ( complete and easily understandable statement ) To identify issues within the case and apply appropriate solutions (ability to identify and apply the correct theory ) : 25% 25%

20% 30 %

ASSIGNMENT Chrystal Mitchell, factory manager, was given the task of producing 120,000 bolts used in the manufacturing of small twin- engine craft. Directed by his divisional manager to give bolt production priority over other jobs, he had two weeks to produce the units. Meeting the delivery date was crucial for renewal of a major contract with a large aircraft manufacturer. Each bolt requires 20 minutes of direct labour and 30 grams of metal. After producing a batch of bolts, each bolt is subjected to a stress test. Those that pass are placed in a carton, which is tamped “ inspected by inspector no____” ( the inspector’s identification number is inserted). Defective units are discarded, having no salvage value. Because of the nature of the process, rework is not possible. At the end of the first week, the factory had produced 60,000 acceptable units and used 24,000 direct labour hours- 4000 hours more than the standard allowed. Furthermore, a total of 65,000

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Ayb200 Week 1 Question Paper

    • 2854 Words
    • 12 Pages

    The tutorial work comprises two types of questions, practical and critical thinking. The tutorial work will be collected each week and marked at random 5 times during the semester and are worth 5% each with the best 4 of 5 collections will count towards the overall 20% available for tutorial work. The tutorial work will be corrected in class by the student and then handed in. The tutorial work must be typed and accompanied by the provided coversheet.…

    • 2854 Words
    • 12 Pages
    Satisfactory Essays
  • Powerful Essays

    THE UNIVERSITY OF NEW SOUTH WALES Australian School of Business School of Accounting ACCT 1501: Accounting and Financial Management 1A Week 2 Measuring & Evaluating Financial Position & Performance Student Handout Lecturer:…

    • 3629 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    ACCT2522 course outline

    • 5700 Words
    • 23 Pages

    Australian School of Business Accounting ACCT2522 MANAGEMENT ACCOUNTING 1 Course Outline Semester 1, 2012 Table of Contents PART A: COURSE-SPECIFIC INFORMATION 1 1 STAFF CONTACT DETAILS 1 2 COURSE DETAILS 1 2.1 Teaching Times and Locations 2.2 Units of Credit 2.3 Summary of Course 2.4 Course Aims and Relationship to Other Courses 2.5 Student Learning Outcomes 3 LEARNING AND TEACHING ACTIVITIES 3.1 Approach to Learning and Teaching in the Course 3.2 Learning Activities and Teaching Strategies 1 2 2 2 3 4 4 4 ASSESSMENT 5 4.1 Formal Requirements 4.2 Assessment Details 5 5 4 5 COURSE RESOURCES 6 COURSE EVALUATION AND DEVELOPMENT 10 7 COURSE SCHEDULE 11 PART B: KEY POLICIES, STUDENT RESPONSIBILITIES AND SUPPORT 9 1 1 ACADEMIC HONESTY AND PLAGIARISM 1 2 STUDENT RESPONSIBILITIES AND CONDUCT 1 2.1 Workload 2.2 Attendance 2.3 General Conduct and Behaviour 2.4 Occupational Health and Safety 2.5 Keeping Informed 1 2 2 2 2 3 SPECIAL CONSIDERATION AND SUPPLEMENTARY EXAMINATIONS 2 4 STUDENT RESOURCES AND SUPPORT 4 PART A: COURSE-SPECIFIC INFORMATION 1 STAFF CONTACT DETAILS Position Name Lecturer/tutor Nicole Ang Lecturer/tutor Linda Chang Tutor Mandy Cheng…

    • 5700 Words
    • 23 Pages
    Powerful Essays
  • Better Essays

    References: Albrecht, S., Stice, J., Stice, E., and Swain, M. (2005). Accounting: Concepts and Applications. (9th Ed.). [University of Phoenix Custom Edition e-text]. Mason, Ohio: Thomson 2005. Retrieved March 11, 2008, from University of Phoenix, rEsource, FIN324--Financial Analysis for Managers I Web site.…

    • 1040 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without the prior written permission from the Head of School, School of Accounting. Copyright for acknowledged materials reproduced herein is retained by the copyright holder.…

    • 8498 Words
    • 34 Pages
    Powerful Essays
  • Powerful Essays

    Acct1501 Wk1

    • 4713 Words
    • 19 Pages

    Welcome to Accounting and Financial Management 1A. In this first lecture you will be introduced to the lecture staff on the course and be given the Course Outline. We will be outlining the objectives of the subject, its structure and requirements as described in the Course Outline and answer any questions you may have about the course. We will be referring to the Woolworths 2007 Annual Report (WW2007) throughout the course. The annual report is included as an appendix in your course textbook (Trotman & Gibbons (T&G) pages 709-748). We will then begin to explore the nature of accounting and introduce general purpose financial reports.…

    • 4713 Words
    • 19 Pages
    Powerful Essays
  • Powerful Essays

    Charitable organizations are NGOs whose purpose of existence is to benefit the public. The mission of a charitable non-profit expresses the particular way in which the organization will fulfil its public benefit purpose. The board members of a non-profit organization entrusted with the supervision of the board members who have a legal obligation to ensure that the non-profit organization uses the funds to fulfil its mission.…

    • 2443 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    International Accounting

    • 1598 Words
    • 7 Pages

    Prescribed textbook – Contemporary Issues in Accounting Drever, M., Stanton, P. and McGowan, S. (2007) Wiley and Sons. Recommended text: – Accounting Handbook 2009 Other readings – Access and available through Blackboard – Journal articles are available through the Library (if not claimed otherwise) – Copies handed out in class…

    • 1598 Words
    • 7 Pages
    Good Essays
  • Better Essays

    Consuelo Herrera, CAMF, CFE (2013) Management Accounting, Web article, Retrieved on June 13, 2013 from: http://www.bellaonline.com/articles/art52952.asp‎…

    • 1175 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    study guide

    • 4791 Words
    • 36 Pages

    Accounting and Finance Unit Outline Department of Accounting and Finance Mode: On-Campus Unit Code: AFF2391 Unit Name: Cost information for decision making Semester 2, 2009 Contact Details for Chief Examiner/Unit Leader(s) Name: Location: Phone: Email Address: Dr Bereket Redda Room 3.32 Building H Campus Caulfield 03 9903 2068 bereket.redda@buseco.monash.edu.au Name: Location: Greg van Mourik Room W730 Building 11(Menzies) Campus Clayton Room 3.41 Building H Campus Caulfield 03 9903 1099 greg.vanmourik@buseco.monash.edu.au Phone: Email Address: Contact Details for Tutor(s)…

    • 4791 Words
    • 36 Pages
    Powerful Essays
  • Powerful Essays

    Pre-requisite Courses and Assumed Knowledge and Capabilities None Course Description Accounting for Management Decisions provides postgraduate, non-accounting students with an understanding of the role of accounting as a system of information gathering and reporting that plays an important role in business decision-making. This course is specifically designed for students with little or no prior knowledge in accounting. Objectives/Learning Outcomes/Capability Development The major learning outcomes for this course is that you should have enhanced your understanding of and developed your ability to use financial, non financial and management accounting concepts and terminology in business decision-making. Successful completion of this course means that you are expected to be able to: Use accounting in business decision-making Explain the 3 financial reports Apply major types of financial ratio analysis Use major techniques of Financial & Management accounting Understand contemporary management accounting systems…

    • 2381 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    This report is a critical evaluation of the financial performance of Domino’s Pizza UK and Ireland plc group. It includes an evaluation and interpretation of financial ratios which according to Horngren et. al.(2002), requires 3 types of comparisons, time-series, with benchmarks and cross sectional comparisons. So this report does the above mentioned comparisons with the data (Pre-exceptional) collected over two years 2009-2010 (Referred to as FY2009 and FY2010 in the report) and with close competitors (Pizza Hut, Perfect Pizza, Papa Jones etc.)…

    • 5049 Words
    • 21 Pages
    Powerful Essays
  • Satisfactory Essays

    Iqci Quidelines

    • 11955 Words
    • 48 Pages

    Copyright © April 2009 by the International Federation of Accountants (IFAC). All rights reserved. Permission is granted to make copies of this work provided that such copies are for use in academic classrooms or for personal use and are not sold or disseminated and provided that each copy bears the…

    • 11955 Words
    • 48 Pages
    Satisfactory Essays
  • Powerful Essays

    Porsche Changes Tack

    • 7668 Words
    • 31 Pages

    Yes, of course, we have heard of shareholder value. But that does not change the fact that we put customers first, then workers, then business partners, suppliers and dealers, and then shareholders. Dr. Wendelin Wiedeking, CEO, Porsche, Die Zeit, April 17, 2005.…

    • 7668 Words
    • 31 Pages
    Powerful Essays