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Module 2 Areas of Management Advisory Services PDF

The document provides information about management consultancy services, including: - Management consulting can relate to management functions like analysis, planning, organizing and controlling, as well as introducing new ideas and improving policies, procedures and systems. - Those who engage in fields like business planning, information systems, management audits, and business process improvement can be management consultants. - Examples of management consultancy services that could be provided include developing new products for a food chain, new computer applications for an insurance company, procurement plans for hospitals, equipment for sports organizations, and methods for a bureau of internal revenue. - Problems a business may face can be managing organizational change, corrective issues needing urgent action, or opportun

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2K views

Module 2 Areas of Management Advisory Services PDF

The document provides information about management consultancy services, including: - Management consulting can relate to management functions like analysis, planning, organizing and controlling, as well as introducing new ideas and improving policies, procedures and systems. - Those who engage in fields like business planning, information systems, management audits, and business process improvement can be management consultants. - Examples of management consultancy services that could be provided include developing new products for a food chain, new computer applications for an insurance company, procurement plans for hospitals, equipment for sports organizations, and methods for a bureau of internal revenue. - Problems a business may face can be managing organizational change, corrective issues needing urgent action, or opportun

Uploaded by

cha11
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ALDERSGATE COLLEGE

MANAGEMENT CONSULTANCY
SCHOOL OF BUSINESS AND ACCOUNTANCY

MODULE 2 AREAS OF MANAGEMENT ADVISORY SERVICES

POSTTEST

I. Questions
1. To what general areas can management consulting relate?

 The management functions of analysis, planning, organizing and controlling.


 The introduction of new ideas, concepts and methods to management.
 The improvement of policies, procedures, systems, methods and organizational
relationships.
 The application and use of managerial accounting, control systems, data
processing, and mathematical techniques and methods.
 The conduct of special studies, preparation of recommendation

2. Who can be management consultants?

Those who engage in the following fields as follows;


 Business planning and development or project feasibility studies
 Information systems consulting
 Management / operations audit
 Business process improvement / reengineering
 Others such as: 1. Marketing research 2. Marketing strategy development 3.
Developing promotional campaign • 4. Planning sales force activity 5. New product
development

3. Give examples of management consultancy services that may be provided to the


following establishments.
a. Food chain - new product applications for competitive outputs
b. Insurance company - new set of computer applications addressing
the queuing of clients
c.Hospitals - proper procurement plans for acquiring medical supplies
d. Sports organization - setting of advance equipments used by
athletes
e. Bureau of Internal Revenue - crafting new methods and procedures
in the performance of duty

4. Distinguish between the three types of problems a business entity may face.

Managing Organizational Change – it refers to internal arrangement of the


organizational structure, managing the needs on the lower ranks to contribute
more effectively.

10 | Mgt 142
ALDERSGATE COLLEGE
MANAGEMENT CONSULTANCY
SCHOOL OF BUSINESS AND ACCOUNTANCY

5. Give examples of management consultancy services that could be provided in the


following areas:
a. Manufacturing - New Product Development
b. Finance and accounting - Developing Proposals for Financial
Support
c. Marketing - Marketing Strategy Development
d. International operations - Exporting and International Marketing
e. Procurement of materials and supplies - Developing Promotional
Campaigns
2. Explain briefly and give examples of consultancy projects related to:
a. Business Planning and Development – development of new products
competitively in the market
b. Marketing Research – acquiring new methods to promote product
c. New Product Development – conducting feasibility study in
introducing new product in the market
d. Information Systems Development – adopting reliable computer
programs to enhance sales
e. Staff Recruitment – setting a standard in recruitment process

II. Multiple Choice Questions


1. Which of the following statements is true?
C a. MAS engagements involve routine and are repetitive in nature.
b. Being a CPA automatically qualifies a person to render the entire
range of management services.
c. Management audit is one of the areas of management consultancy
that is not directly related to accounting and finance.
d. The areas of management advisory services are much more limited
than the traditional auditing and taxation services of a CPA.
C
2. The type of problems faced by an entity that involves conditions that have
worsened and demands urgent action is known as
a. progressive problem.
b. opportunistic problem.
c. corrective problem.
d. unsolvable problem.
A 3. Which of the following areas will not be classified under Accounting and
Finance Services?
a. Personnel recruitment and training
b. General and cost accounting
c. Marginal income analysis
d. Capital investment
D 4. The basic analytical process applied in consulting engagements include
11 | Mgt 142
ALDERSGATE COLLEGE
MANAGEMENT CONSULTANCY
SCHOOL OF BUSINESS AND ACCOUNTANCY

1. Definition of problem.
2. Implementation of the recommended solution to the problem.
3. Development of the solution.
4. Identification of objectives.
5. Fact-finding and analysis.
The order in which the above-mentioned steps are generally
applied are a. 1,2, 3, 4, 5.
b. 4, 1,5, 3, 2.
c. 4, 5,1,3, 2.
d. 4, 1,3, 5, 2.
C 5. Common outcomes desired from business planning and development
generally include the following except
a. increase in market share.
b. development of new products.
c. internal structural reorganizations.
d. better-trained personnel.

12 | Mgt 142

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