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Advanced Cost Accounting Concepts Explained

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2 views1 page

Advanced Cost Accounting Concepts Explained

Uploaded by

laurentamb17
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Advanced Cost Accounting Tutorial

1. What is the importance of Performance Management in business?


2. What are Critical Success Factors (CSFs)?
3. Define Key Performance Indicators (KPIs)
4. What is the relationship between Critical Success Factors (CSFs) and Key
Performance indicators (KPIs)?
5. What is Benchmarking and why is it useful in performance Management?
6. Discuss Three (3) types of benchmarking
7. What are the seven steps of benchmarking?
8. What is the relevance of budgeting in linking strategic planning to
performance.
9. What is Incremental Budgeting?
10. What is Zero-Based Budgeting (ZBB)?
11. What is Activity-Based Budgeting (ABC)?
12. The Boston Consulting Group classify products and strategic business
units (SBUs) according to Market Growth and Relative Market share.
Discribe the elements of the BCG Matrix.
13. What is the meaning of Business Process Reengineering?
14. What are the 7-Ss of McKensey’s model of business integration? What
is meant by integration and why is it important in business?

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