Summarizing three (3) key points from the chapter. Summary must be in your own words and may not be
copied from the book directly.
Explain two ways that information from the chapter can be applied to a client or clients.
Ask one question about your chapter topic that you would like to research about more
Find one (1) peer reviewed article (examples of sites to use: ACSM, Medline, ScienceDirect, Biosis, and
SportDiscus, Journal of Strength and Conditioning Research) for each chapter you are doing a synopsis for
and write a summary of the article. In addition, how might you apply the information from the article to a client
or clients.
Use proper citing and references for your paper – review the rules and disciplinary actions for plagiarism in the
syllabus
provide the best information for assessments of the amounts, timing and uncertainty of cash flows to the business from each alternative course of action available to the business.
The purpose of management accounting involves identifying the types of decision needed in management accounting in order to provide useful information for managers.
The main types of decision include:
I think that these two types of decisions are inter-connected, because the cost of resources to produce goods and provide services is relevant to decisions on the best production output and best pricing strategy required.
The framework for managerial planning, decision-making and control process incorporates seven stages, and this is illustrated by a flow chart.
Stage 1 Identify goals of organization
Stage 2 Collect and analyse data about Alternative courses of action
Stage 3 Choose decision rules
Stage 4 Rank alternative courses of action
Stage 5 Make a decision and state expected outcome
Stage 6 Report actual outcome of decision