StudentShare solutions
Triangle menu

Managerial Accounting - Essay Example

Nobody downloaded yet

Extract of sample
Managerial Accounting

Initially, they started off with producing high quality record players which attracted customers belonging to a certain age group but gradually they shifted into producing technologically advanced products such as CD players, MP3 players and USB turntable. This helped the company to reach a wider customer base, rather only a younger one. This indicates that their primary strategy was to achieve a higher level of customer satisfaction. In addition to that, GEK’s leaders followed a team or sound style of leadership strategy which was concerned with both the production and employees (Zeidan 2009, 82-85). This was evident from the fact that highly skilled and experienced employees were paid sufficiently well. B. Strength: The development of the USB turntable has proven to be a huge strength for GEK technologies. With the rising demand for new style of products which demonstrated portability, USB turntable was a perfect introduction. This is evident from the sharper than expected increase in sales for the USB Turntable over the last few years. Another strength associated with GEK technologies comes from the product Record player as the manufacturing of this product requires high level of craftsmanship. In 2012, the employees of GEK technologies working on the record player division were older, more experienced and very loyal. These workers displayed the highest level of craftsmanship in the company as well as in the entire industry. This was evident from the fact that record players represented a relatively high proportion of total sales in certain places. Weaknesses: GEK’s weakness can be identified in the CD player and MP3 player division where the sales growth became stagnant after 2010. This also shows that the development of USB turntable was mistimed as it halted the sales of CD players and MP3 players whose sales rate were significantly higher than any other product divisions. Opportunities: GEK’s opportunities can be witnessed in the USB turntable production division as it is shows a sharper than expected increase. The investment in this division is prospective. This is aided with the consistent increase in the sales rate and rising demand of new style of products which are portable, which in turn would help the division to generate significant wealth for the companies. Moreover, USB turntable as a product can be viewed as a ground work for further development of other products. Apart from that, another opportunity can be noticed in the record player division. Since the sales rate of this division is decreasing rapidly and the technology is becoming obsolete, the company can choose to shut it down and use the excess proceeds, generated from selling the assets, to either invest in another prospective project or distribute the excess cash as dividends to the shareholders. Threat: Having studied the report of GEK, record player and USB turntable division poses a certain degree of threat to the company. Record player which is an obsolete technology has accrued obsolete assets and inventories worth $287,000. Moreover, the company might incur losses as there was a sharp decline in sales in this division and high cost of production was associated with it. The USB turntable division is another threat to the company because a sharper than expected increase in sales for the USB turntable had resulted in delays in production and a backlog of orders. This ...Show more

Summary

Managerial Accounting Table of Contents Case 1: GEK Technologies: Competitive strategy and SWOT analysis 3 Case 2: Fishermen’s Co-op 5 Case 3: Anderson Customized Security 9 Case 4: Parko Department Store: Balance Score Card 10 Reference List 13 Case 1: GEK Technologies: Competitive strategy and SWOT analysis A…
Author : lefflerrodrigo
Managerial Accounting essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Managerial Accounting"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Managerial Accounting
In order to remedy this situation, a company would likely use short-term loans to pay employees what they are owed. This would then take wages and salaries out of liabilities and replace them with debt. On the other hand, it is sometimes possible that a company has money to pay their employees before they actually have to do so.
4 pages (1000 words) Essay
Managerial accounting
Manufacturing overhead for application to jobs during December Manufacturing overhead for December= total manufacturing overhead – manufacturing overhead till November =2400000- 2200000 =200000 Optic Vision would apply $ 200000 of manufacturing overhead during December.
4 pages (1000 words) Essay
Managerial accounting
The conventional accounting impact uses the basic accounting principle of “Matching”. The Matching concept is basically a “fundamental concept of accrual basis accounting that offsets revenue against expenses on the basis of their cause-and-effect relationship.
11 pages (2750 words) Essay
Managerial Accounting
The objective of the internal accounting system is to generate financial information that will streamline operational costs. As a result the operations can be made more efficient. In order to meet the objective of cost control, the accounting system provides information in several areas: cash receipts, cash disbursements, petty cash, payroll and fixed assets (Hill and Jones, 2007).
3 pages (750 words) Essay
Managerial Accounting
As a marketing manager for the Crunchy Cookie Company, I would not underestimate sales for a number of reasons. Cookies are frequently eaten edibles and underestimating its sales might create a shortage of products. If the budget is inappropriate, materials are ordered in accordingly and will not result in an increase in sales.
2 pages (500 words) Essay
Managerial accounting
Yet our experience since the early part of this decade has shown this to be an illusion. Massive accounting irregularities and scandals, involving large
8 pages (2000 words) Essay
Managerial accounting
It states that, in measuring net income for an accounting period, the costs incurred in that period should be matched against the revenue generated in the same
11 pages (2750 words) Essay
Managerial Accounting
The outflows are calculated multiplying 200 times $500 which equals $100,000. The 200 is the days the lodge is open and $500 are the daily expenses. The 20
3 pages (750 words) Essay
Managerial accounting
Management accountants seem to be moving from their traditional roles of being scorekeepers and controllers in an organization to playing a strategic role. This essay will analyze the changing role of management accountants in modern day businesses by looking at the
9 pages (2250 words) Essay
Managerial Accounting
To determine the effect that Machine Hours has on the total cost of production, a relationship needs establishing through the straight line passing through the coordinates. Where this
3 pages (750 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment