Management accounting Presentation
Make a presentation of minimum 12 slides
Reflective Topic
You can choose any topic from the following:
1Standard costing (standard setting and variance)
2 Budgeting (planning and control)
Describe
· Describe the topic you are selecting
· Identify 2-4 concepts from the topic
· Explain why you have selected these concepts (why these interests you)
Interpret
· Indicate a practical situation (either you know, or you have knowledge) where these concepts can be applied
· Apply the above identified concepts
Evaluate:
· Now, do you think that the practical reflection is similar to what you have read in the text book or do you think these concepts are applied differently in different organisations, why?
Apply
· Generate discussion how and why these can be applied
DIEP Format
The DIEP strategy the four steps in this approach are to describe, interpret evaluate and plan.
D –Describe objectively what happened • Answer the question: ‘What did I do, read, see, hear, etc?’
I –Interpret the events. • Consider why events happened in the way they did.
Explain: − what you saw and heard − your new insights − your connections with other learning − your feelings − your hypotheses and/or conclusions • Answer the question: ‘what might this mean?’
E –Evaluate the effectiveness and usefulness of the Evaluate the effectiveness and usefulness of the experience perience • Make judgements that are clearly connected to observations you have made. Answer the questions: − What is my opinion about this experience? − What is the value of this experience? − Why do I think this?
P –Plan how this information will be useful to you. • Consider: In what ways might this learning experience serve me in my: − course − program − future career − life generally • Answer the question: ‘How will I transfer or apply my new knowledge and insights in the future?’