As the semester winds down, my mind turns to summer research projects. Hoping for, planning for, a very productive research summer. What are some areas related to the PACE PA framework you think might make for some fruitful research and lead to quality publications?
I'm slowly adopting more of a case-based teaching approach to both my cost accounting and advanced managerial accounting course (probably more appropriately called financial planning and analysis). Still very much a work in process, but I do find the richness of academic cases a great tool for showing the application of concepts and not getting lost in the mechanics of a particular tool. So, what has your experience been in using academic cases in cost or managerial accounting? What are some of your favorites? Do you have any recommendations or insights on using cases studies?
Had a few interesting conversations in recent months about what minors are best for students majoring in accounting. Not too long ago many would recommend doubling-down on the quantitative business aspect with finance as a minor or double major. More recently, I've seen and heard advice that the better route is a different but complementary field. Maybe Sales/Marketing if you're going more public accounting. Certainly computer science or a data science type field where you build stronger analytical skills and gain experience with coding and working with larger data sets. Maybe something with a stronger operational focus like supply chain. Or maybe something further afield like a fine arts discipline to get stronger in things like storytelling and communication.
What say you?
Thank you JP for your PACE message post above. I may be in a minority with this suggestion for accounting students' minor. It should involve the "soft skills" including behavioral change management. This is because during their careers they will encounter resistance to change from their organization's executives, line managers, and employee teams. Resistance is human nature. People like the status quo. So, soft skills are needed to get buy-in and persuasion.
Saw that apparently Excel is integrating Python into it. Any ideas what you might do with this. I'm excited.
Thank you JP for your post above. Topics in the PACE Profitability Analytics (PA) Framework that I believe are interest to others are: (1) Strategy Management [e.g., Balanced Scorecard with KPIs]; and (2) management accounting [e.g., activity-based costing (ABC)].