Strategic management accounting information

​​Explain FOUR stages involved in each of the following management accounting concepts: 

​​Describe the following types of business data analytics as used in strategic management accounting: 

​ ​ ​ ​​Maziwa Sacco Ltd. is a company that buys and processes milk and milk products. Maziwa Sacco Ltd. also sells these milk and milk products internationally. The company has two divisions: Local Branch Division is located in Country Kei where it buys milk from local farmers and processes it. The processed milk is exported to Overseas Branch Division and external customers. Overseas Branch Division is located in country Tee. Overseas Branch Division is where the milk is further processed into powdered milk and rebranded. The powdered milk is then sold to external customers. 

​​Explain TWO benefits of product life cycle costing.

​​With reference to international transfer pricing, explain the meaning of the following transfer pricing methods: 

​​Explain FOUR internal transfer pricing methods.

​​One of the roles of management accounting is to provide information that is useful for managers of an organisation of various departments, in decision making. 

​​“Management Accounting is an invaluable tool to any organisation at both the operational level and the strategic management level”. 

​​Many key business performance measures are not effective for most not-for-profit organisations (NPOs). For instance, the “bottom line” measurement of profit or loss indicates how effective a business is at achieving its goals of generating profit for the owners. 

​ ​ ​ ​​A manufacturing company produces Ball Pens that are printed with logos of various companies. Each pen is priced at Sh.50. Production costs are as follows:

​​Evaluate three benefits of life cycle costing.

​​Explain the following terms as used in strategic management accounting:

​​Explain three differences between "standard costing" and "target costing".

​​Discuss the following concepts as applied in management accounting:

​​ Examine three benefits that might accrue to a business organisation as a result of good ethical behaviour by management accountants.

​​Highlight four ethical standards of management accountants.

​​Describe two models that could be used by a management accountant to scan risks in their operating environment.

​​Management accountants are required to conduct themselves ethically. A commitment to ethical professional practice requires observation of principles that express values and standards that guide conduct such as honesty. fairness. objectivity and responsibility.