Decision Analysis
Chapter 1
Cost Management and Strategy
Cases
1-1 Critical Success Factors
1-2
Contemporary Management Techniques
1-3
Pricing
1-4
Selected Ethics Cases
1-5
Strategy: Branding Beef
1-6
Sales, Profits, and Competitive Strategy
Readings
1-1 “Are You a Business Partner?” Parts 1 and 2 by Gary Siegel, James E. Sorensen, and Sandra Richtermeyer, Strategic Finance (September and October 2003).
This article is based on interviews of 100 accountants who have made the transition to business partner. For firms such as McDonalds, Trane, and Boeing, they explain the transition from traditional accountant to accountant as business partner. The study is a follow-up to the 1995-1999 research by the same authors, shown below in “Counting More, Counting Less.”
Discussion Questions:
1. What are the key findings of the recent research of 100 accountants, now business partners?
2. What are the implications of these findings for the education and training of management accountants?
1-2 “Creating an Ethical Culture” by David Gebler, Strategic Finance (May 2006) pp. 29-34. This article takes a look at the financial fraud at WorldCom and other companies in recent years, and examines the role of controls and the ethical culture in the frauds that occurred in these companies. In considers the following questions. How does the ethical culture effect the risk of fraud? How does a company develop an ethical culture?
Discussion Questions:
1. According to the article, did WorldCom lack internal controls to detect fraud? Why was the fraud not detected earlier, or prevented all together?
2. According to the Culture Risk Assessment model, what are the levels of values of an organization and what are the objectives of each?
3. What are some of the ways a company can help to develop an ethical culture?
1-3 “POGS at the Park, POGS at Home: C-ing Business Expansion Opportunities” by Thomas G. Canace and Paul E.
Cost Management and Strategy
Cases
1-1 Critical Success Factors
1-2
Contemporary Management Techniques
1-3
Pricing
1-4
Selected Ethics Cases
1-5
Strategy: Branding Beef
1-6
Sales, Profits, and Competitive Strategy
Readings
1-1 “Are You a Business Partner?” Parts 1 and 2 by Gary Siegel, James E. Sorensen, and Sandra Richtermeyer, Strategic Finance (September and October 2003).
This article is based on interviews of 100 accountants who have made the transition to business partner. For firms such as McDonalds, Trane, and Boeing, they explain the transition from traditional accountant to accountant as business partner. The study is a follow-up to the 1995-1999 research by the same authors, shown below in “Counting More, Counting Less.”
Discussion Questions:
1. What are the key findings of the recent research of 100 accountants, now business partners?
2. What are the implications of these findings for the education and training of management accountants?
1-2 “Creating an Ethical Culture” by David Gebler, Strategic Finance (May 2006) pp. 29-34. This article takes a look at the financial fraud at WorldCom and other companies in recent years, and examines the role of controls and the ethical culture in the frauds that occurred in these companies. In considers the following questions. How does the ethical culture effect the risk of fraud? How does a company develop an ethical culture?
Discussion Questions:
1. According to the article, did WorldCom lack internal controls to detect fraud? Why was the fraud not detected earlier, or prevented all together?
2. According to the Culture Risk Assessment model, what are the levels of values of an organization and what are the objectives of each?
3. What are some of the ways a company can help to develop an ethical culture?
1-3 “POGS at the Park, POGS at Home: C-ing Business Expansion Opportunities” by Thomas G. Canace and Paul E.