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Unit 10 Assignment

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Unit 10 Assignment
Rosiland Hester
MT460: Management Policy and Strategy
Prof: Donna DiMatteoGibson
November 14, 2012

Reflect and describe which key concepts and topics in this course have made you a stronger candidate to enter the business world. Every business success is based on the profitability and the goal of each business is to maximize the profit, it is not possible without better planning and control and decision making ability at crucial point of business, The managerial accounting teaches the technique of budgeting for the planning and control purpose, And also certain concepts such as opportunity cost, differential cost, break even, direct costing, capital budgeting, etc, they help in doing appropriate decision at crucial times. Discuss how this course has affected you in your professional development as a student and as a person as well as encouraging you on your academic path. It has created in me the ability to set targets by doing planning and compare it what acutally8 has been done, which urges me to achieve my target as set by me. It has also created ability in me to do cost benefit analysis of every decision, I know that there is a cost being spent on by studies which will give me return once it is completed with goods grades, therefore it motivates me to do better and better. Since job growth for Cost Accountants look promising for the coming years. Most companies, who are trying to establish themselves in any market, but especially global markets, have to deal with decreasing margins as competition continues to streamline production and reduce their costs. The value of highly educated and experienced Cost Accountants can be the difference between the success and failure of a business. So I feel encouraging on my academic

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