1. a) Management accounting is an unnecessary luxury for business establishments. Do you agree with the statement? Discuss
b) Clearly explain the fundamental features of an effective management accounting system.
2. a) Organizations are concerned with only customer satisfaction. Discuss.
b) With relevant practical examples, examine the contribution of a management accountant in the general managerial process of every organization.
3. a) An effective system of costing is an essential factor for industrial; control under modern conditions of business and as such may be regarded as an important part in the effect any management to secure business stability. Discuss.
4. A factory manufactures only one product in one quality and size. The owner of the factory states that he has a sound system of financial accounting which can provide him unit cost information and such does not need a cost management system. State your argument to convince him to introduce a cost management system.