Question Description

I need an explanation for this Accounting question to help me study.

Part I: Now that you have made it through the course and learned several traditional managerial accounting and cost management techniques and concepts, the challenge in the future will be to apply these "tools" in your careers. The purpose of Module 4 is to give you reason to question the suitability of these tools (e.g. what tool should be used and when).

First, read the article entitled “Alphabet Soup: Good for You or an Indigestible Stew?” and then consider the following quote from The Goal, “[m]ost people haven’t been managing according to the goal.” Explain what you think is meant by this statement? Additionally, how do you think most companies deal with the issue of “bottlenecks”? Provide an example of how you have seen an organization cope with bottlenecks in a current or previous job.

Part II: The Goal presents some examples of how managerial accounting information can be used poorly or ineffectively. Agency theory is a theory from economics that examines the relationship between principles and agents. In particular, the potential issues that can arise from that relationship such as the “agency problem.”

First, read the article (the link can be found under the Module Four tab) on Agency Theory. After reading the article, identify an example situation in which managerial accounting could be misused in an unethical manner. How might you overcome that issue as a manager?

Your initial posting should be between 400 to 600 words and use a minimum of two sources (one of which may be the textbook). Cite your sources using APA format (a tutorial is provided in the class tutorials section of the course).

Additionally, you will need to respond to two classmates’ posts. In these responses, you are to offer substantive comments, feedback, detailed questions, and/or provide examples that further the discussion. It is not sufficient to simply agree with or compliment a classmate's post. Each response should be between 100 to 200 words with a minimum of one source (other than the textbook) per response. Cite your sources using APA format.

Please Note: The word count range is just a guide as to how many words are needed to give a complete answer. There is no penalty for surpassing the range unless you egregiously exceed the upper limit. For example, you write 1500 words when the upper limit is 500. We want to allow the Academic Coaches to evaluate your answers and provide feedback in a timely manner.

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