Dac 406: Contemporary Issues In Management Accounting Question Paper

Dac 406: Contemporary Issues In Management Accounting

Course:Bachelor Of Commerce

Institution: University Of Nairobi question papers

Exam Year:2011

INSTRUCTIONS
1. Attempt ALL Questions.
2. All questions carry equal marks.

Question One
(a) 'Not everything that can be counted, counts and not everything that counts can be counted.' Albert Einstein.
Critically examine the above statement with reference to Measures of Performance. (20 marks)

(b) Explain the Controllability Principle. (5 marks)

Question Two
(a) The use of incremental budgeting process may lead to the carrying forward of inefficiencies in organizations. Examine the contribution of each of the following in improving efficiency in such organizations:

(i) Zero-Based Budgets. (10 marks)
(ii) Activity Based Budgeting. (10 marks)

(b) Distinguish between fixed and flexible budgets. (5 marks)

Question Three
(a) Explain the forms of monetary compensation plans. (10 marks)

(b) Discuss the extent to which incentive plans can be used to mitigate the principal-agency conflict. (15 marks)

Question Four
'Once a company identifies its target customers, managers must determine what will cause these customers to purchase a product or service from the company' Robert Kaplan et al.

(a) Discuss the representative measures that companies can use to develop time, quality and cost metrics for enhancing performance for targeted customers. (15 marks)

(b) Explain the Porter's Generic Strategies which a firm can implement to attain a competitive advantage in the market. (10 marks)

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