introduction to Managerta Accounting PROBLEMS Group B P144B

introduction to Managerta: Accounting PROBLEMS Group B P1-44B Management processes and accounting informatictn Learning Objectives 1 & 2) Dale Ohh has his own electronics retail chain, Circuit Pro. His stores sel!l computer pune audio-visual equipment, consumer electronics, and related items. Custom computer buld ing and electronics repair are also offered. In addition, Circuit Pro has a Website to se its merchandise. Circuit Pro has a staff of 90 people working in 6 departments: Salus, Customization, Repairs, Web Development, Accounting, and Human Resources Each department has its own manager Requirements 1. For each of the six departments, describe at least one decision/action for each of the four stages of management (planning, directing, controlling, and decision making) Prepare a table similar to the following for your answer: Planning Directing Sales Customization Repairs Web Development Accounting Human Resources 2. For each of the decisions/actions you described in Part 1, identify what information is needed for that decision/action. Specify whether that information would be generated by the financial accounting system or the managerial accounting system at Circuit Pro. P1-45B Ethical dilemmas (Learning nhiactive

Solution

A)

b

The managerial accounting system will be used to gather, summarize and report data above.

Planning

Sales ->Increase sales.

Repairs-> Increase volume of repairs

Customization -> Increase number of custom systems built

Web Development -> Increase web traffic

Accounting -> Implement ERP system to monitor department activities and record finances.

Human Resource -> Decrease employee turnover.

Directing

Sales

-Examine sales reports

-Setting competitive prices.

Repairs

-Set competitive prices; generate reports showing time used for each type of repair.

-Streamline process to save time.

Customization

-Find out what customers want and need.

-Observe competitors for prices and customizations offered.

-Improve employee certification and offer higher-quality parts.

Web Development

-Improve design of website.

-Offer more products online.

-Increase marketing efforts.

-Make shopping easier and more intuitive

Accounting

-Find potential flaws in the system and fix before implementation.

-Train employees on new system.

Human Resources

-Give feedback to employees.

-Hire employees that are \"a good fit\" for the company.

-Raise employee morale\' set clear job descriptions.

Controlling

Sales

-Monitor sales numbers and prices from different products and locations over time.

-Investigate variances.

Repairs

-Track total numbers of repairs. See if more repairs are being made and if time is utilized efficiently.

Customization

-Examine number of computer systems built per type (multimedia, gaming, etc)

Web Development

-Monitor web traffic by having an online counting device.

-Look at sales numbers to see if people are just surfing or actually buying merchandise.

Accounting

-Double check entries to ensure system is working properly.

-Track employee work schedules to stay on time.

Human Resources

-Interview employees to determine potential problems with the workplace

-Monitor both involuntary and voluntary turnover.