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Focus on Professional Competency Homework Problems

Each chapter includes two types of Problems that help students focus on their professional development. One type is a Focus on Professional Competency problem that encourages students to explore in detail one of the twenty AICPA core competencies, tie the competency to cost accounting content, and reflect on their own competency development. 

Although definitions are taken from the AICPA Core Competency Framework (available at http://www.eca.aicpaservices.org), similar competencies are called for in a 1996 IMA study of the knowledge, skills, and abilities (KSAs) used by management accountants in the workplace (accessed by searching for KSA on the IMA’s web site at http://www.imanet.org).

Try these in your Cost Accounting course this Fall. Don’t forget to provide your feedback at the link below and register for a trip to Jazz Fest in New Orleans!

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Chapter IMA KSA Category AICPA Core Competency Topics Problem Solution
10 Management and cost accounting Measuring and interpreting product defect information Organizational resources, uncertainties, performance, government budget responsibility Download Download
11 Interpersonal and analytical skills; management and cost accounting; economics, marketing, management, operations, and behavioral science Interaction Team goals, standards, cooperation, and performance Download Download
12 Interpersonal and analytical skills Industry/sector perspective Competitive advantages and disadvantages and long-term investment projects Download Download
13

International

International/global perspective Global economic effects, social issues, communication Download Download