What's new in MASS pages

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 This video explains the concept of the contribution per limiting factor. This technique can be useful in planning production levels when certain resources are in short supply. 

 This video explains the concept of cost-volume-profit analysis, sometimes referred to as breakeven analysis, and sets out how to calculate the breakeven point using the graphical and formula methods. It touches on some of the limitations and also on things that can be done to manage the breakeven point downwards.  

 The book explores management accounting and how supports the strategic management process. The whole book can be downloaded, single chapters or sections depending on the area of study being pursued. 

A brief description of popular strategy models and frameworks and the role of management accounting has been added. 

Also, a brief description of what some authors describe as strategic management accounting techniques.

This article looks at the concept of options within investment appraisal by starting with basic examples and moving to include the use of the Black-Scholes Option Pricing model to value investment options in business decisions.

Three videos have been added explaining Activity-Based Costing.

1. ABC - An Introduction
2. ABC - An example using three products
3. Time Driven Activity-Based Costing

Two case studies that have been used at postgraduate level. One based on the agricultural sector, the other based on supermarkets. Suggested assignment requirements are provided but a range of topics can be assessed. 

The article outlines the concept of the business ecosystem and the implications for strategy and management accounting

An article explaining target costing which is linked to life cycle costing

 A scenario is not a forecast, but a narrative of a possible future outcome.  Using scenarios can have a positive impact on performance as managers are better prepared to deal with changes in the environment, and challenge the status quo  

A brief review of sources of external information 

A narrative PESTEL analysis in relation to the agricultural industry