Assume you are the COO of an accounting firm. Select a product or service that the...

Assume you are the COO of an accounting firm. Select a product or service that the firm sells. Describe how you would use DMAIC on this product or service.

Expert Solution

Ans:- For an accounting firm the product could be tax filing software. The DMAIC of this product could be:-

a). Define:- This product could be stated as a product which can help the individuals and corporates in tax return filing.

b). Measure:- In this step to determine the scope of improvement is in terms of development of features like GST tax filing for industries and commercial firms.

c). Analyse:- In this step there is analysis to reduce the root cause of problem. So the taxation software might have some errors in terms of rates and category of exemption. These errors can be identified and eliminated.

d). Improve:- To improve the tax calculating software it is important to add customer friendly features. The software should me simplified so that it can be filed by any individual with little bit of financial knowledge.

e). Control:- To maintain the stability of product, control of functioning of tax calculating software is necessary. All the anomalies should be removed to ensure smooth functioning of the product.

keosha answered 1 year ago

Select a product or service that you are familiar with, such as jeans, computers, or personal...

Select a product or service that you are familiar with, such as jeans, computers, or personal MP3 players. Once these items are selected, then you must undertake research into the specific items : target market and market segmentation. Your answer must contain information as to: How large is the target market, what is the future growth potential of this target market, how do/does the marketer reach this target market and so on? Also, mention in your answer that how will...

Select a local service firm. What hard and soft service standards do you think they measure....

Select a local service firm. What hard and soft service standards do you think they measure. Or explain what hard and soft measures they should be measuring. 10 marks

You are an employee at a full-service bookkeeping and auditing firm called Accounting Solutions. Accounting firms...

You are an employee at a full-service bookkeeping and auditing firm called Accounting Solutions. Accounting firms are often asked to perform consulting services for clients. Your new client, Auto Parts Unlimited, is seeking a loan for an expansion project and their lender has asked about the business control and documentation procedures. Bob, the owner of Auto Parts Unlimited, has asked for your help. You visit Auto Parts Unlimited, talk with employees, and make the following observations: Betty, the purchasing manager,...

Select a product or service that you are going to use to create your marketing plan.

Using your personal knowledge or the internet to select a product or service. The product or...

Using your personal knowledge or the internet to select a product or service. The product or service does not have to be an actual product or service – it can be completely fictional. For the selected product or service, identify at least 5 costs involved with the product or service and complete the following questions. Classify each cost as direct or indirect. Identify the cost behavior as either variable, fixed or mixed. Provide a brief (2 or 3 sentences) on...

Using your personal knowledge or the internet to select a product or service. The product or...

Using your personal knowledge or the internet to select a product or service. The product or service does not have to be an actual product or service – it can be completely fictional. For the selected product or service, identify at least 5 costs involved with the product or service and complete the following questions. Classify each cost as direct or indirect. Identify the cost behavior as either variable, fixed or mixed. Provide a brief (2 or 3 sentences) on...

Let’s consider costing for a service organization. Assume you are a consultant for a law firm....

Let’s consider costing for a service organization. Assume you are a consultant for a law firm. The firm currently has no traditional cost accounting system in place. A partner has taken a course in management accounting and wants to understand traditional and activity based costing. Explain to the partner how a traditional overhead rate is determined and what would be a good denominator activity to use as the base. Also explain what is meant by activity-based costing and how it...

Multiple Product Break-Even Analysis TPG Tax & Accounting is a full-service CPA firm located in Apache...

Multiple Product Break-Even Analysis TPG Tax & Accounting is a full-service CPA firm located in Apache Junction, Arizona. Assume that tax return services are classified into one of three categories: standard, complex, and full-service (includes end-of-year bookkeeping with tax return preparation). Assume that TPG’s fixed costs (rent, utilities, wages, and so forth) totaled $180,000 last year. Additional information from the prior year follows. Standard Complex Full-Service Billing rate $125 $250 $150 Average variable costs (45) (65) (50) Average contribution margin...

Creation of a Product or Service 1. Mention what is the product or service that you...

Creation of a Product or Service 1. Mention what is the product or service that you are going to create for the project and why you selected. Selected Industry 2. Mention - of the industry to which the product or service belongs - the opportunities and threats from the external environment; the strengths and weaknesses of internal environment (SWOT analysis)

Choose a product/service (this product or service can be an existing product or one you make...

Choose a product/service (this product or service can be an existing product or one you make up). Define the product to include value proposition, characteristics, and the nature of the product (consumer versus business product, and what type of product it represents) Identify the product’s position in the product line (if offered with other similar products) and, more broadly, the company’s overall product mix. Address the following: How would this product differ from other products in the product line (if...

Question

Assume you are the COO of an accounting firm. Select a product or service that the...

Solutions

Expert Solution

Related Solutions