Managerial Accounting Budgeting Singapore Management University Ma Project

3291 words - 14 pages

1) Industry
2) Company Analysis
3) Evaluation (How to lower cost)
4) Strategy (How to increase Revenue)
5) Balance Scorecard
6) MA related issues, suggestions or recommendations. Include any other assumptions
1.1 Strengths & Weaknesses of BT Addiction Treatment Center’s business model
Segmenting BT operations into qualitative and quantitative aspects, we see that BT’s strengths primarily come from a qualitative viewpoint and their weaknesses are quantitative in nature. These factors would be further elaborated below.
1.1.1 Strengths: BT has a huge range of diverse and comprehensive services to treat substance abuse, BT can be thought as a one-stop place for such treatments. Their reputation is further enhanced by excellent patient testimonials and their unwavering attention to patients as attested by low client-to-staff ratio. Their staffs are highly trained and well-equipped
to respond to patient needs. Lastly, they have a strong mission statement to provide excellent and innovative services.
1.1.2 Weaknesses: BT lacks a specialized accounting department where they could to ensure BT turns a profit for the budgeted year ahead. Another weakness is BT’s over-reliance on Medicaid for revenue. BT should diversify as Medicaid volume is capped, limiting room to increase BT’s Revenue further through Medicaid. Lastly, their business model is vulnerable, slight variations in operations can throw BT into Net Operating Loss.
1.2 Industry Analysis: The substance abuse industry had a value of $31 Billion in 2014 and is projected to reach $42 Billion in 2020, giving a CAGR of 5.2% (Gruber and Boyd, 2017). Centre for Disease Control and Prevention (CDC) has ranked Ohio as the top 5 leading states in terms of drug or alcohol abuse rates (Ohio Drug Statistics,2018). Ohio State, where BT is in, had statically higher Opioid prescription and death rates compared to other states (Fig 1). Ohio is seen as a state lagging in combating Opioid usage (Figs 2&3). However, Ohio State are taking steps to improve this pandemic and they are spending at least 90 Cents for every dollar in dealing with the fallout of this drug and alcohol abuse trend.
1.2.1 Opportunities: There is an upward trend of substance abuse in Ohio (Ohio Drug, 2018) , BT has to ensure there is excess capacity to cater to the anticipated rise in volume and avoid missing prospective Revenue and Contribution Margin (CM). Another growing trend is the rise of overseas patients seeking substance abuse treatments in the US. This is opportune for BT to increase revenue from the Private-pay sector. Offering Off-campus programs for Corporations, governmental departments or other NGOs is another promising area that BT could investigate. These programs tap into existing Fixed Costs, provides for less variability in their Revenue and greater CM.
1.2.2 Threats: Cutting Discretionary FC to meet Short-term cost concerns is a possibility but may have an adverse impact on Long-term revenues. Employees may be enticed by...

Other Essays On Managerial Accounting Budgeting - Singapore Management University MA - Project

Management Control System Essay

9915 words - 40 pages The terms management accounting (MA), man- agement accounting systems (MAS), management control systems (MCS), and organizational con- trols (OC) are sometimes used interchangeably. MA refers to a collection of practices such as budgeting or product costing, while MAS refers to the systematic use of MA to achieve some goal. MCS is a broader term that encompasses MAS and also includes other controls such as personal or clan controls. OC is

Project Management Essay

3574 words - 15 pages life cycle of systems development (along the logical lines of human conception, gestation, birth, life, life planning, problem solving, formulation of solutions, working interactions and tangible results from efforts, and then ultimately death)Topic four, Systems and procedures for project planning, (study units 7, 8, 9 and 10) covers the following:pre-requisites of project management (planning, project scheduling, cost estimating and budgeting

COST ACCOUNTING SYSTEMS DESIGN AND SAP-LEARNING FR

958 words - 4 pages the competitive environment, cost accounting in Germany has not changed significantly. One empirical study found that the most important change concerning the managerial accounting system for 30 of Germany¡¦s 50 largest companies was a change in the IT platform. The cost accountants decided to broaden the spectrum of the information presented to management but not to change system philosophy or to simplify the way in which information

Chapter 25 homework accounting II - Hunter College - assignment

714 words - 3 pages Dizaida Sanchez Chapter 25 Homework 1. Capital budgeting decisions require careful analysis because they are generally the most difficult and risky decisions that management faces. 2. Capital budgeting is the process of planning the acquisition or sale of plant assets. 3. Capital budgeting decisions are risky because: (1) the outcomes are uncertain, (2) large amounts of money are usually involved, (3) the investment involves a long-term

Goals Planning

5604 words - 23 pages 'Stress Management Skills' workshop can be helpful too. (National University of Singapore 2008)Goal 2Investing and saving for the future is important. Due to problems like globalization and inflation, the value of money we hold today may not be enough for the future (Monetary Authority of Singapore 2008), in order to retire at the age of 50, I will need to start saving as and when I can. From meals to transport to entertainment budget, it is important

Applied Research

5284 words - 22 pages tensions of product development. Prescriptions for emergent and planned styles may reflect these tensions. Rather than another normative model, researchers need measures that help assess disparate, but potentially complementary, ways of managing. She also argued that more effective constructs would build from the activities of project management. Identifying varied approaches to specific managerial activities would enhance research precision and

accounting as an integrated part of today's world - english - research paper

1489 words - 6 pages ), Association of Chartered Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), Association of International Accountants (AIA), Chartered Institute of Public Finance and Accountancy (CIPFA), Certified Public Accountant Association (CPAA) and European Accounting Association (EAA). The accounting industry is one among the highest paid industry in Singapore. Based on the Kelly services and Capita Salary guide’s report, the

Accounting Essay- Career research - Accounting - essay

552 words - 3 pages Management accountant Jeremy Ramirez ACCT 116A March 29, 2019 Being a visionary that utilizes logical steps to make things happen, I’ve always been one to plan. I like setting goals and strategies to attain them. Recycling bottles and cans introduced me to budgeting at a young age, as well as how to maximize profits with different strategies. This experience opened my mind to a new way of thinking; one of innovation, opportunity, and the passion

Project Management Function

2544 words - 11 pages ManagementCost management means consists of preparing and managing the budget for the project. In cost management processes include like cost estimating, cost budgeting, cost control.4. Quality ManagementQuality management means ensure that the project will satisfy the stated or implied needs for which it was undertaken. In quality management processes includes like quality planning, quality assurance, quality control.Facilitating Management

Research topic on cost accounting - Michigan State University - Essay

4730 words - 19 pages _____ profession. a. people b. number-crunching c. managerial d. executive (a; Moderate) 157. Although public accounting firms offer consulting and tax services, the hallmark of the profession is the performance of _____ audits. a. internal b. managerial c. executive d. external (d; Moderate) 158. Often called management or corporate accountants, _____ accountants work either for a single company or government agency. a

The Overview Of Accounting

1137 words - 5 pages categories; Operating information, financial accounting information, and managerial accounting information.Operating information describes what is needed on a daily basis to conduct business in an organization. It encompasses employee payroll, sales, debts, credits, and inventory to name a few functions. Collectively these functions can be identified as financial statements. Operating information is what comprises the maximum amount of

Similar Papers

Project Charter For Sgx Singapore S.P.Jain School Of Global Management Research Paper

1067 words - 5 pages S P JAIN SCHOOL OF GLOBAL MANAGEMENT - INDUSTRY INTERFACE PROJECT (IIP) Global Immersion Project 3 Singapore Exchange Limited (SGX) 16 October 2018 Table of Contents Introduction 1 Project scope 1 Roles and responsibilities 2 Approach 4 Protocols 5 Other information (provided by SGX) 5 1. Introduction SP Jain School of Global Management (SPJ) engages in industrial interface projects (IIP) for its Masters of Business Administration (MBA) students

Volkswagen Project Management Essay Rmit University Essay

1854 words - 8 pages to the upper body of members to evaluate, asses and accordingly create a portfolio of different prioritization of each department that must be maintained. The undertakings must be ranked based on company’s priority and efficiency of the project. The upper- management body including the CIO of the business must discuss and provide their consent over the phases of procedure and execution of the undertakings and accordingly take a final call to

In Practice, Do You Think Your Firm Should Go To The Time And Expense Of Implementing A Capital Budgeting System Into The Planning Process?

1044 words - 5 pages managerial accounting and financial accounting, financial being future, so as I've really confused myself now, I'll try to rabble through my thoughtsIt seems to me; (living in a houseful of women) that budgeting is really for the future, The anticipation of 'what might be' is based on the best available information, and so without a crystal ball both of the statements above have to be true. Financial capital budgeting seems to me to be likened to

Feasibility Study Essay

2041 words - 9 pages Feasibility Studies Capital Budgeting Techniques Pathways to Higher Education 21 The Average Accounting Return Rule The Internal Rate 2.6 The Internal Rate of Return (IRR) Rule of Return Minimum Acceptance Criteria Ranking Criteria 2.5 The Average Accounting Return Rule Another attractive but fatally flawed approach. Ranking Criteria and Minimum Acceptance Criteria set by management Disadvantages: Ignores the time value of money Uses an arbitrary