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Unformatted text preview: Chapter 01 - Cost Management and Strategy Chapter 1 Cost Management and Strategy Cases 1-1 Critical Success Factors 1-2 Contemporary Management Techniques 1-3 Pricing 1-4 Selected Ethics Cases 1-5 Strategy: Branding Beef 1-6 Sales, Profits, and Competitive Strategy Readings 1-1 Are You a Business Partner? Parts 1 and 2 by Gary Siegel, James E. Sorensen, and Sandra Richtermeyer, Strategic Finance (September and October 2003). This article is based on interviews of 100 accountants who have made the transition to business partner. For firms such as McDonalds, Trane, and Boeing, they explain the transition from traditional accountant to accountant as business part- ner. The study is a follow-up to the 1995-1999 research by the same authors, shown below in Counting More, Count- ing Less. Discussion Questions : 1. What are the key findings of the recent research of 100 accountants, now business partners? 2. What are the implications of these findings for the education and training of management accountants? 1-2 Creating an Ethical Culture by David Gebler, Strategic Finance (May 2006) pp. 29-34. This article takes a look at the financial fraud at WorldCom and other companies in recent years, and examines the role of controls and the ethical culture in the frauds that occurred in these companies. In considers the following questions. How does the ethical culture effect the risk of fraud? How does a company develop an ethical culture? Discussion Questions : 1. According to the article, did WorldCom lack internal controls to detect fraud? Why was the fraud not detected earli- er, or prevented all together? 2. According to the Culture Risk Assessment model, what are the levels of values of an organization and what are the objectives of each? 3. What are some of the ways a company can help to develop an ethical culture? 1-3 How Intel Finance Uses Business Partnerships To Supercharge Results by Russel R. Boedeker, CMA, CFM , and Susan B. Hughes, CPA, Strategic Finance (October 2005) pp. 27-34. This article is a report on the program within Intel Corporation to develop a business partnering approach between the finance function in the company and the operating managers. The goal is to improve the relevance and effectiveness of the finance function to the managers, and thereby to improve the competitiveness and profit. 1-1 Chapter 01 - Cost Management and Strategy 1. What is the vision of Intels finance function, and what are the key objectives of this vision? 2. How does the finance function build its credibility at Intel? 3. What are the levels of the scale that finance personnel at Intel strive to achieve, from lowest to highest? Explain what is accomplished at each level....
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- Spring '12