essay about Managerial Accounting in the Management Process”

Team Essay & Presentation
The team essay will be about “Managerial Accounting in the Management Process”. The management process has five basic phases:
Decision Making
Choose a company, research the company and describe its Management Process. Each team must choose a different company for the team project.
The Team Essay is worth 200 points.
The Team Presentation is worth 500 points.
Each student will contribute 1,100 words or more to the essay.
The presentation will be a Powerpoint presentation not to exceed 10 minutes. A 10% penalty will be applied if you go over 10 minutes. Know you material. Practice your presentation. In a 5 student team, each student will have approximately 2 minutes to present their information about the company and show the powerpoint slides.
Here are some suggestion to help you get started. You don’t need to address each item. And, there may be other information you want to include.
Your essay should be in APA format. Cover Page (properly formatted), Introduction, Analysis and Conclusion for each category, and a reference page (again, properly formatted). Wikipedia is not a reference.
Here are some helpful hints:
Always double space
Use New Times Roman font 12 point
The Introduction, Analysis and Conclusion should be centered on the page
References go on a separate page Here is an example of reference formatting:
Stickney, C. P., Weil, R. L., Schipper, K., & Francis, J. (2010). Financial accounting, an
introduction to concepts, methods, and uses (13th ed.). Mason, OH: South-Western
Cengage Learning.
Indent paragraphs
Each section of the essay is worth 200 points as follows:
200 Points
Intro- 20.0 max =
Analysis 100.0 max =
Conclusion 40 max =
Grammar, Spelling , APA 40 max =
The title of your essay will be “THE MANAGEMENT PROCESS”.
Describe the Planning process
Develop the Company’s Objectives by identifying problems or new market opportunities.
The actions to take might be as follows:
Setup a dedicated quality assurance department and staffs.
Periodically train company employees on those quality requirement and control processes.
Find a consulting company to help training staffs.
Increase budget for new staffs, facility, equipment and training materials.
Discuss the two planning classifications:
Strategic planning:
Operational planning:
Identify alternatives –
Evaluate alternatives –
Choose course of action & implement the best alternatives –
Describe and evaluate the day-to-day process of running the operations.
Directing has three important elements:
Supervision: means overseeing the work of employees by their superiors.
Motivation: means inspiring, stimulating, and encouraging employees with positive, negative, monetary, or non-monetary incentives.
Leadership: supervisors
Describe and illustrate how controlling monitor’s the operational results and compares actual results with the expected results.
Describe and illustrate the four steps in the control process:
1. Establish standards to measure performance
2. Measure actual performance
3. Compare performance with the standards
4. Take corrective actions
Describe and illustrate the “Continuous Process Improvement” philosophy.
Describe and illustrate how this process eliminates the source of the problems in a process.
Decision Making
Describe and illustrate the decision making process.
What is a decision? How does it affect a choice between two or more alternatives.
Decision points:
frame the problem
create the alternatives
define the values
analyze information

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