1 Discussion1 Accounting For Leaders 1 Page References In Apa Format ✓ Solved
1. Discussion1_Accounting for leaders: 1 page references in APA format use text books as references: For your final discussion board post, I would like each of you to reflect on what you have learned this semester. What was your impression of managerial accounting before the semester started vs. what you think about it now? Focus on one or two topics that we have covered which you feel will be beneficial to your work and/or personal life. While you may not work in the accounting field, many of these topics can be useful in your work as a manager Text book : Managerial Accounting: Creating Value in a Dynamic Business Environment 12e (Hilton/Platt) McGraw-Hill (.
Discussion2_Marketing Strategies: 1 page references in APA format use text books as references: In an increasingly competitive global environment, what do you think will be the role of the United States in the global market in the years to come? After reviewing the course resources and your research, consider the role will the United States play in emerging markets, globalization, poverty, conflict, and world trade? Select one and share with your classmates your thoughts and ideas as you look towards the future. Text book : Peter, J. P., & Donnelly, Jr., J.
H. (2019). A preface to marketing management (15 th ed.). Columbus, OH: Partnerships are a common form of business entered into by many. Assume you have been given the task of drafting a partnership agreement. What items would you include in this agreement?
Discuss an item you thought of including but chose not to include. Why did you leave it out of the agreement? **Please use 2 APA citation.
Paper for above instructions
Discussion 1: Accounting for Leaders
As I reflect on my learning journey this semester, my perspective on managerial accounting has evolved significantly. At the course’s onset, I viewed managerial accounting primarily as a tedious discipline centered around numbers, budgets, and financial analyses, confined mainly to accounting professionals or financial specialists. However, as the semester progressed, it became evident that the principles of managerial accounting extend much further, offering vital tools that enhance strategic decision-making, resource allocation, and performance evaluation in any managerial role.
One topic that particularly stood out was cost behavior analysis. Initially, I perceived costs merely as fixed or variable expenses to be tracked during reporting periods. Thanks to my study of Hilton and Platt's Managerial Accounting: Creating Value in a Dynamic Business Environment (2021), I now appreciate that analyzing cost behavior goes deeper, enabling managers to predict how costs change in response to varying levels of activity (Hilton & Platt, 2021). This insight is invaluable not just in corporate finance but in any leadership role where forecasting and budgeting play crucial parts. Understanding how costs behave allows a manager to make informed decisions regarding pricing strategies and organizational efficiency.
Additionally, budgeting as a tool for planning and control was another significant takeaway. Before this course, I thought of budgets merely as restrictive financial tools limiting flexibility. However, through my learning, I realized that budgets serve as roadmaps for organizational goals. They facilitate operational planning and provide a critical framework for measuring performance (Hilton & Platt, 2021). This understanding is essential for managers who must ensure their teams meet targets while optimizing resource utilization.
Personally, I find the practical aspects of managerial accounting particularly beneficial. The tools and concepts learned may not only enhance my managerial capabilities but can also influence my personal financial decisions. For instance, insights into cost behavior have encouraged me to track my personal expenses more meticulously, understanding that different categories of spending may change based on the season or life circumstances. Therefore, the course not only equipped me with professional skills but also with valuable lessons for financial management in my personal life.
In conclusion, this course has allowed me to transition from a narrow viewpoint of managerial accounting to a more expansive understanding of its applications in various contexts. I now recognize the critical role managerial accounting plays in enhancing decision-making and performance management, making it a pivotal area of knowledge for aspiring leaders across industries.
References
Hilton, R. W., & Platt, D. E. (2021). Managerial Accounting: Creating Value in a Dynamic Business Environment (12th ed.). McGraw-Hill.
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Discussion 2: Marketing Strategies
In examining the role of the United States in the global market in the coming years, it is essential to consider the implications of globalization. The interconnectedness of markets has grown tremendously, and the U.S. has historically played a significant role in shaping global trade and economic policies. As highlighted by Peter and Donnelly (2019) in A Preface to Marketing Management, understanding global marketing strategies is fundamental in today’s competitive landscape. The U.S. will continue to adapt and assert its influence, particularly in emerging markets.
One area where the U.S. can assert its role is in promoting ethical business practices and sustainable development in emerging economies. As emerging markets grow, they often face challenges such as poverty, conflict, and fluctuating economic conditions. U.S. companies can leverage their expertise and resources to contribute positively by introducing innovative products and sustainable supply chain practices. This practice not only opens new avenues for growth but also fosters goodwill and reputation in these economically vulnerable regions (Peter & Donnelly, 2019).
Furthermore, U.S. firms have the opportunity to participate actively in addressing poverty through corporate social responsibility initiatives. By investing in local communities through philanthropy or environmentally-friendly practices, businesses can improve their brand image and create a loyal customer base. For example, companies that manufacture products or deliver services in developing countries can implement educational programs to empower the local workforce, ensuring a mutually beneficial relationship (Peter & Donnelly, 2019).
Despite the potential benefits, there are challenges associated with foreign investments, such as navigating socio-political conflict and varying regulatory environments. Understanding these nuances is pivotal for success. Therefore, the road ahead for the U.S. in the global market necessitates a careful balance between pursuing business objectives and adhering to ethical standards.
In summary, I believe that the United States will continue to play a vital role in emerging markets, focusing on sustainable and ethical practices. By embracing these strategies, U.S. businesses can foster growth not only for themselves but also for the communities they operate in, reinforcing their standing as leaders in the global marketplace.
References
Peter, J. P., & Donnelly, Jr., J. H. (2019). A Preface to Marketing Management (15th ed.). Columbus, OH: McGraw-Hill.
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Partnership Agreement Items
Partnership agreements are crucial for outlining the terms and conditions under which partners operate within a business venture. A well-structured partnership agreement safeguards each party’s interests and establishes a clear framework for decision-making, profit sharing, and conflict resolution. Key items to include in a partnership agreement would be:
1. Business Purpose: Clearly define what type of business the partnership will operate.
2. Partnership Structure: Specify whether it is a general or limited partnership and describe each partner's role.
3. Capital Contributions: Outline initial investment amounts and any future capital contribution requirements.
4. Profit and Loss Sharing: Establish how profits and losses will be shared among partners.
5. Decision-Making Processes: Define how decisions will be made, including voting rights and quorum requirements.
6. Withdrawal and Termination: Specify the terms under which a partner can withdraw or how the partnership can be dissolved.
7. Dispute Resolution: Include mechanisms for resolving disputes, perhaps through mediation or arbitration.
While drafting such an agreement, I considered incorporating an extensive clause on non-compete agreements—outlining restrictions on partners operating similar businesses during and post-partnership. However, I chose to omit it, reasoning that it could inhibit potential entrepreneurial spirit and opportunities for growth for partners who might wish to engage in side projects. This reliance on trust and mutual respect often fosters healthier professional relationships and supports innovation (Peter & Donnelly, 2019).
References
Peter, J. P., & Donnelly, Jr., J. H. (2019). A Preface to Marketing Management (15th ed.). Columbus, OH: McGraw-Hill.