1. Whats the role of managerial accountant in todays business environment and how if any has the role changed over time?
2. In regards to cost allocation what really drives the consumption of those costs and what drives and how does it help with such allocation process?
3. Variance analysis receives some criticism as a performance measure. What about other measures such as ROI and EVA?
Variance analysis compares actual performance to budgeted performance in the areas of material, labor and overheads. If the results of a business unit show all positive variances, should the manager be rewarded for excellent performance? A simple counter argument can be-what if the manager had padded his business unit’s budget?
Video 1: Performance Management & Evaluation: http://www.youtube.com/watch?v=M8igsXklfb4
Video 2: Return on Investment-ROI: http://www.youtube.com/watch?v=omUoKnhuqvY
Video 3: Economic value added-EVA: http://www.youtube.com/watch?v=4UMUJkIPA-4&feature=related