Introduce to the Management Accounting

Added on - 28 May 2020

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Running head: MANAGEMENT ACCOUNTINGManagement AccountingName of the Student:Name of the University:Author Note
1MANAGEMENT ACCOUNTINGTable of ContentsIntroduction..................................................................................................................................2Group Description........................................................................................................................2My role.........................................................................................................................................2Others’ roles................................................................................................................................2Group Stages..............................................................................................................................2Conflict within the group..............................................................................................................3Leadership and decision making in the group..............................................................................3Achievements by the team and scope of improvement................................................................3Conclusion...................................................................................................................................4References..................................................................................................................................5
2MANAGEMENT ACCOUNTINGIntroductionTeam work is an essential component especially in a work culture that has developedin the recent times. This is because the variance and the dynamics that can be provided by ateam will in all probabilities not be possible for a single individual to provide. When a particulartask is carried out by a team, the different methods suggested by the different team members toarrive at the desired solution, widen the scope of the possible results. Team work also providesan overview of the various approaches that can be adopted in order to solve a commonproblem. I have been fortunate enough to be a part of such a team (Costa, Passos and Bakker2014).Group DescriptionThe group consisted of four members including me. The other three members areJason, Lisa and Andrew. There were twelve team meetings held. Each of them lasted forapproximately five hours. The meetings were held at the houses of the respective teammembers and the entire assignment had been successfully completed within the set time frame.My roleThe role that I had been assigned with, was creating an analysis framework as to howthe assigned task had to be completed within the given time period. To be more precise, my rolewas creating the framework according to which the particular tasks had to be completed andidentification of the sources that could be referred to.Others’ rolesThere were three other members in the team. Jason had the responsibility of executingthe computations like estimating the business return. Lisa was assigned the task of referring tothe identified sources and listing the potential advantages and disadvantages of ABC costing.Andrew was assigned the task of compiling the derived information and calculation anddesigning them according to the framework set by me.Group StagesThe four essential group stages that have been utilized for the development of the teamare forming, storming, norming and performing (Fiore and Georganta 2017). The forming stage
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