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Essay Available:
Pages:
2 pages/β‰ˆ550 words
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Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Case Study
Language:
English (U.S.)
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Date:
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Topic:

Starbucks: Quality Concepts and Managerial Accounting

Case Study Instructions:

My company is Starbucks: every student should develop throughout the course the analysis of the respective topic from the designated company; First you need to describe the most important aspect from the topic of the week that is directly related with your company YOU NEED TO READ THE MATERIAL OF THE WEEK IN THIS CASE FOR WEEK 7 IS QUALITY CONCEPTS AND MANAGERIAL ACCOUNTING , you need to mention briefly the main idea of the topic YOU MUST RESUME THE MOST IMPORTANT IDEAS FROM THE TOPIC. Then for your company report you should include every component and explanations from the last 3 years related specifically for the topic of the week. AGAIN LAST 3 YEARS. HERE READING THE 10K SEC REPORT YOU ARE GOING TO SEE HOW DOES WORK THE TOPIC INSIDE YOUR COMPANY, YOU MUST EXTRACT THAT INFORMATION FOR YOUR WEEKLY REPORT. According with the Course Schedule Table we have every week one new topic, from the last 3 years 10K SEC Report you should make one report every week for that particular topic extracted from your company. The Requisites for the report are as follows, minimum two pages, Single Space, Font Size 10, no spaces between paragraphs, 1 inch margin and font Times New Roman. Here is briefly what I expect from your weekly company report, the description of the weekly topic, the description of what is or how is related with your company and why is so important, then bring the operational process, how the company describe that particular topic from the last 3 years. For more information about your company, visit www(dot)finance(dot)yahoo(dot)com then type your Ticker Company, then go Company section and click SEC FILLINGS after that click the 10K SEC REPORT or ANNUAL REPORT

Case Study Sample Content Preview:
Starbucks Case Study: Quality Concepts and Managerial Accounting
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Course
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Managerial accounting influences the decision making process and planning of organizations. Globalization has presented opportunities and challenges for companies with global operations, and hence strategic planning should take into account changes in the international market. Starbucks has used information on the North American market and international stage to aid in planning and controlling the company’s operations. At the same time, to improve the company’s trading at the international trade, the management has emphasized on improving quality of products. This is supported by the fact that customers are more aware about the options available in Starbucks and competitors in the food and beverage industry. In any case, businesses are able to brand their products better if they focus on quality.
2011
The direct and indirect costs attributed to Starbucks operations vary depending on the prevailing market conditions. However, in 2011, the direct costs of materials were dependent on supplier, and the company focused on top quality beans and the price variation. The cost of equipment and rent were also considered direct costs because they varied over time, and to improve, the company’s cost structure, there was a need to manage these costs. Overall, managerial accounting system was vital for the company, as the management made decisions on stores closure dependent on managerial accounting information. Since it is easier to estimate investments, costs and revenues, it was easier for the company to evaluate performance on an annual and quarterly basis for the year 2011. The annual report provides accounting information and this has been effective for the company to estimate future costs and evaluate performance evaluation.
Quality management is vital for the growth of a company, and as such, Starbucks buys and roasts high quality bean coffee to avoid compromising on the quality of coffee. There are also related products of the finest quality sold ate the company-operated stores. Similarly, the variety of fresh food items is prepared using high quality ingredients. In 2011, the company expanded operations in China, and still maintained high quality products through a range of products. In order to enable the company to have access to high quality green coffee, the company still relied on fixed price commitments, as this mitigated the risks of declining supplies when the market conditions changed. These negotiations have been vital to the supply of specified high quality materials based on the negotiated terms and stated quantity of the products.
2012
Like in 2011, managerial accounting played a vital role in influencing the decision making process in Starbucks. This was particularly on the role of capital investment in various ventures outside North America. Additionally, the management relied on information related to assess control and performance of the company in line with the management’s role of control. The decision to change the level of activities was also influenced by information presented by managerial accounting underlying the importance of identifying fixed an...
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