Assignment
Instructions:
· This is a group assignment with only 4 members. As discussed and explained in the class, this assignment is a Case study.
· The students should read the Case study thoroughly and answer the given questions in the form of a presentation. We will have case discussion and presentation in the class with PPT.
Part I Answer any the following:
1. How does the Cost Accountants and Managerial Accounts differ from financial managers in the given case?
2. Is there a need for using Activity based Costing in budgeting system in organisations?
3. What are the practical issues faced by Company in the given while implementing budgeting systems?
4. Discuss the value chain of given Case Company.
5. Analyze the strategy followed by the CEO of given company while preparing Master Budgets.
6. What are the advantages of functional budgets and ABC approach?
7. How does the pricing policies differ in your case?
8. Clarify the various types of approaches discussed in the case.