Discussions

Subject: Strategic Management

What forces are driving changes in the industry, and what impact will these changes have on competitive intensity and industry profitability?

Subject: Managerial Accounting

Discussion Question 1

Why should each department participate in preparing its own budget? How much control do you think each department should have? Does your answer differ for when considering a service firm versus a manufacturing firm?

Discussion Question 2

Provide an example that shows process costing divided among different departments. In determining overhead can each department uses its own predetermined overhead rate? Provide justification if you disagree. If you agree, justify it and provide an example.

Note: References must foreach question.