Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can anyone help me to answer question number 4 please, I already did 1,2 , and 3. ( QUESTION 4 ONLY PLEASE) The following quotation

Can anyone help me to answer question number 4 please, I already did 1,2 , and 3.
( QUESTION 4 ONLY PLEASE)
image text in transcribed
The following quotation is from an address made by an officer of the British Motor Company: We can all, I think, take pride in the way cost accounting has kept pace with business development in this country. Tremendous strides have been made during the last quarter of a century, and I'm sure that much more progress will be made in the future. In fact, progress will have to be made if we are to keep the science of management accounting abreast of the times. The whole of industry is now operating on a different level than we have known before-a higher plateau, on which management accounting appears in a new light and becomes more and more significant as a factor in business management. Required 1. What do you think is meant by the statement that the whole of industry is now operating on a different level than we have known before- a higher plateau..? 2. (a) What are the advantages of each region, division, and activity having its own accounting functions? Does this pose any ethical challenges? (b) Are there any areas of responsibility of the CFO described in Chapter 1 that you would not transfer to the local accounting organization? 3. Draw three boxes on an organizational chart, one each for the corporate controller, the plant controller, and the plant manager. Draw appropriate lines between the boxes that would accord with the system described in the quotation. Use a dashed line to denote staff management" relationship and a solid line to denote "line management relationship. Describe some major advantages and complications of the new organization arrangements. 4. The plant controller must frequently fulfill two roles simultaneously, as a helper of the plant manager and as a spy for the corporate controller. How can accountants duties be organized to cope with these conflicting roles

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computer Aided Fraud Prevention And Detection A Step By Step Guide

Authors: David Coderre

1st Edition

0470392436, 978-0470392430

More Books

Students also viewed these Accounting questions

Question

What were your most important educational experiences?

Answered: 1 week ago

Question

Which personal relationships influenced you the most?

Answered: 1 week ago