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Focus on Professional Competency Homework ProblemsEach 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! Click here to provide feedback and enter the Jazzfest contest! |
| 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 |