Topic: ABC (Activity Based Costing), Balanced Scorecard, and Value Chain Analysis.

These are just a few popular examples among new trend in cost management /managerial accounting.

Please research these three topics and post your comments /discussions, as you go through reading of your textbook chapters.

Regarding new trend and practice in managerial and cost accounting and cost management field, here is a three-part question for your thoughts and for our good class discussion:

Part A:What is thevalue chain? Describe, in sequence, the main components of a manufacturer's value chain.

Part B:Explain what is meant by "balanced" in thebalanced scorecardapproach.(your textbook also mentioned in the previous chapter 24)

Part C:What isABC (activity-based costing), and what are its potential benefits?