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Riordan Manufacturing
Case Study # 115871
Riordan Manufacturing
Presents a case study that looks at implementing an accounting system at Riordan Manufacturing.
975 words (approx. 3.9 pages) |
3 sources |
APA | 2009
Paper Summary:
This paper explains that developing a managerial accounting system for Riordan Manufacturing will enhance the level of efficiency in the area of cost control. Currently, management at Riordan is focused on production, but the company's intent is to shift greater importance to implementing an activity-based costing accounting system that will correctly allocate costs and assign the level of profits proportionally. The paper contends that, since Riordan Manufacturing is already implementing an Enterprise Resource Planning solution, it is in an advantageous position to meet the information needs of this type of cost accounting.From the Paper:
"According to the traditional cost allocation method, product costs are calculated according to the number of units produced. As a result, this method does not take into account the level of resources expended in producing these units. This cost distortion is particularly pronounced in the case of Riordan Manufacturing because the same level of production for two different products necessitates different levels of resource consumption."Sample of Sources Used:
- Atkinson, Anthony A., et al. (2006) Management Accounting. McGraw Hill/Irwin.
- Brigham, Eugene F., and Michael C. Ehrhardt. (2007). Financial Management: Theory & Practice. South western college pub.
- Hill, Charles., and Gareth Jones. (2007). Strategic Management Theory: An Integrated Approach. McGraw Hill/Irwin.
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Cite this paper
APA Citation:
Riordan Manufacturing (2012, January 15). Retrieved February 13, 2012, from http://www.academon.com/Case-Study-Riordan-Manufacturing/115871
MLA Citation:
"Riordan Manufacturing" 15 January 2012. Web. 13 Feb. 2012. <http://www.academon.com/Case-Study-Riordan-Manufacturing/115871>
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Jun 08, 2008 I have an MBA from National University of Singapore and a BBA from University of Dhaka, Bangladesh. In MBA, my major was in operations management. However I covered a wide variety of subjects in marketing, finance and accounting. My paper on the analysis of financial statements was published. I enrolled in National University of Singapore because I was offered a full scholarship from the Asian Development Bank, one of eight such awards given every year. As part of an exchange program, I also spent one quarter in University of Washington, Seattle. There I covered four subjects in marketing, statistics, operations and IT. I have also worked in a variety of professional roles that allowed to me apply my academic learnings to real life.
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