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Dac 406: Contemporary Issues Inmanagement Accounting Question Paper

Dac 406: Contemporary Issues Inmanagement Accounting

Course:Bachelor Of Commerce

Institution: University Of Nairobi question papers

Exam Year:2011

INSTRUCTIONS
Attempt ALL Questions

Question One
(a) Define the following terms:Ethics, Normative Judgement and Morality. (6 marks)

(b) What factors influence Ethical Behaviour at work? (6 marks)

(c) What are the FOUR requirements of Ethical Conduct by which certified management accountants have to abide? (6 marks)

(d) You are the CEO of a manufacturing firm that is bidding on a government contract. In this situation, the firm with the lowest bid will win the contract. Your firm has completed developing its bid and is ready to submit it to the government when you receive an anonymously sent package containing a competitor's bid that is lower than yours. If your firm loses the bid, you may need to lay off some employees and your profits will suffer.

Required:
What are some of the possible options and consequences in this situation, and what would you do? (7 marks)

Question Two
(a) What is a Balance Score Card? (5 marks)

(b) What are the FOUR measurement perspectives of a Balance Score Card? (6 marks)

(c) Develop a Balance Score Card within the university. (14 marks)

Question Three
(a) ABC Systems yield more accurate product costs than Conventional Systems because they use more cost drivers to assign support costs to products.

Do you agree with the above statement? Explain. (10 marks)

(b) Why are the Conventional two-stage cost allocation systems likely to systematically distort product costs? (15 marks)

Question Four
Businesses might desire to use one transfer pricing system designed to support international transfer pricing and another domestic transfer pricing system designed to achieve motivation objectives.

Required:
Give a reason why you think organizations would not use two transfer pricing system; one for international tax purposes and the other for motivational purposes. (25 marks)

Dac 406: Contemporary Issues Inmanagement Accounting Question Paper

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