ACE Practice Tests
Research Activities
Company Links
SMARTHINKING
Web Links
Business Readings
Textbook Site for:
Managerial Accounting
, Fifth Edition
Belverd D. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Sherry K. Mills, New Mexico State University
Henry R. Anderson, University of Central Florida
Research Activities
Identifying Relevant Decision Information
Instructions:
Use one of the following www search sites or the Business Readings from the journal
Management Accounting
available via the link below to search for an article written about standard costs and variance analysis. Alternatively you can choose any of the
Management Accounting
articles to further your understanding of cost control.
WWW Search Sites:
Yahoo
Excite
Lycos
Infoseek
AltaVista
Business Readings
Extended Research Activity
Read the Management Accounting article entitled "Strategic Cost Management" by clicking below. The article states "In today's highly competitive environment, cost management has become a critical survival skill for many firms. But it is not sufficient to simply reduce costs; instead, costs must be managed strategically. Strategic cost management is the application of cost management techniques so that they simultaneously improve the strategic position of a firm and reduce costs." Summarize the three types of cost management initiatives and describe how they support the notion of strategic cost management.
"
Strategic Cost Management
"
by Cooper and Slagmulder (January 1998)
Either print out your answers for submission or email them to your instructor.
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