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+--- Thread: Case Studies (/showthread.php?tid=6342)
Case Studies - awaisaftab - 08-07-2009
In almost all books of accounts and management subjectects case studies are included at the end of each chapter. Usually students of early stages of ICMA/CA do not even read these case studeis. When students come at senior stages they are assumed to have very argumentive,analytical and creative thinking. The case studies are taught by many teacher. In ICMA some papers also included questions based on case studies or real situation,such as Audit, Management accounting,financial reporting etc. Hence the students have never experienced how arguments are given to form a decision or solution of a case and how concepts are applied on differet real world situations and case studies,so they feel great difficulty in the senior stages. Secondly in senior stages of ICMA (Stage-V and VI) the main emphsis is on to develope creative and analytical thinking among students.
In the light of above mentioned circumtstances I want to start a new thread named as "Case Studies" in this thread we shall also discuss analytical questions.
I expect that members of the forum will actively participate on this thread and it will be a real way to enhance knowledge.
Best regards,
Awais Aftab.
- awaisaftab - 08-07-2009
How a management accountant can add value and play an effective role to make better the following value chain functions of an orgainization
1. Research and Development (R & D)
2. Design of goods and services
3. Production
4. Advertisement and Marketing
5. Distribution
6. Customer Serve or customer care
Awais Aftab
- farazkpmg - 08-07-2009
Management Accountant is a part of administration function....
the query that the how management function can add value in the value chain network is very subjective and qualitative....
its a divisional manager responsility to imporve its divisional performance in the value chaing....
how ever the managemnt accountant add value in matter of giving a better stantard of performance by evaluating the better use of financial resources and providing the maximum risk mitigation approach to the different departemnts..... specifically financial risk is one of the greatest risk and FM can find out the hedging strategy to utilize the fluent and cosistant flow of funds in the best utilzation of company objective....
its not just alone responsibility in this matter different departmennts help out to the organisation value chain such as
1) internal audit
2) Complience department. etc....
further query are welcome