Management Accounting Assignment Example | Topics and Well Written Essays - 1500 words

Management Accounting - Assignment Example Economists and accountants imply that two diverse fields in terms of cost and variance analysis. Therefore, when economists describe cost through variance analysis and standard costing, they include the sacrifice of opportunities and important choices. From an accountant’s perception, standard costing and traditional budgeting are prospective, subjective, and occasionally costs-evaded. The following paper will look into the alleged advantages, and demerits of standard costing, variance analysis and traditional budgeting in management accounting (Callahan, Stetz, and  Brooks, 2011, p. 199). Certain criticisms of traditional budgeting arise from the descriptions of the significant terminologies used by economists and accountants in the government and organizations (Emmanuel, Kominis and Slapnicar, 2008, p. 2). Time management is the establishment of interceding variables that improve the perception of time. A budget is an estimated total cost or income for an operation or activity covering a particular period. This way, accounting managers are able to ease pressure on their behaviors and perceive control over time and operations assumed significant in variance analysis (Emmanuel, Kominis and Slapnicar, 2008, p. 3). A budget can also be an arrangement for the management and control of assets and expenses. Motivation in variance analysis involves control through a set of processes, instruments, performance measures that organizations or governments deploy to lead and inspire all workers to accomplish set goals (Callahan, Stetz, and  Brooks, 2011, p. 199). Human relation s association forms part of the base for motivation in accounting to enhance an easy repetitive assignment involving financial compensation of all transactions in an organization (Eker, 2007, p. 105). Performance evaluation is the valuable control of the chief tasks from diverse units. These units are normally situated at the very end of the production procedure

Scope statement( course)- project management( major) Assignment

Scope statement( course)- project management( major) - Assignment Example One of these will be noted to be constraints. Most of the time project managers fail to accept from the onset that there could be constraints, which can militate against the success of the project. Consequently, most of these constraints come to them much unprepared, making it difficult to use any continuous process method to address them (Jacob, Bergland & Cox 89). There have been times that the scope statement has worked particularly well and other times that they have not worked so well. In a personal experience, there was a time that the scope statement did not work well because the stakeholders who were to put their efforts together to make the project a successful one failed to play their roles adequately. Consequently, the project manager had to take care of everything, which became problematic because the scope that was used to finish the project seemed to be different from the expectation of project owners when the project was completed. The use of requirements documents and work breakdown structure has however proven to give good support to scope statements in ensuring that they work