Tag: Business & Finance

  • [Solved] INT 220 Milestone One Guidelines and Rubric

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    ## INT 220 Milestone One Guidelines and Rubric ### Overview In the past two modules, you have explored the fundamentals of global business, such as key drivers for the expansion of U.S. business and cultural considerations. In this milestone, you will complete the first part of your course project b…

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    ## INT 220 Milestone One Guidelines and Rubric
    ### Overview
    In the past two modules, you have explored the fundamentals of global business, such as key drivers for the expansion of U.S. business and cultural considerations. In this milestone, you will complete the first part of your course project by explaining what you have learned about global business so far.
    ### Scenario
    You are a business analyst working at a small U.S. organization that produces high-quality cell phone cases. Your sales have started to flatten in the U.S. market. While the organization is not losing money, leadership would like to explore ways to continue to grow. Leadership indicated that they have noticed competitors entering international markets.
    You have been asked to examine the benefits, drawbacks, and key considerations for your organization to enter one of the global markets below and to summarize your findings in a business brief for leadership.
    Select one of the international markets listed below to use for your course project.
    – Argentina
    – Brazil
    – China
    – India
    – Indonesia
    – Japan
    – Nigeria
    – Russia
    – South Africa
    **Note:** Contact your instructor if you would like to use another country for your course project.
    ### Directions
    In this milestone, you will complete Section One of the Business Brief Template, which is linked in the What to Submit section below.
    **Section One: Drivers for Global Entry**
    Develop the first section of the Business Brief Template that explains the purpose of global expansion, business impacts of global business, societal impacts of global business, and cultural considerations. Use evidence from course resources and outside resources to support your responses.
    Specifically, you must address the following rubric criteria:
    – **Country Selection**: State the country you have selected to use for your course project.
    – **Purpose of Global Expansion**: Explain key benefits of successful global expansion for U.S. organizations.
    – **Business Impacts of Global Business**: Explain how global expansion of a U.S. organization can impact business operations such as strategic planning, marketing, supply-chain management, human resources, and so on.
    – **Societal Impacts of Global Business**: Explain how the global expansion of organizations has impacted society, citing specific examples regarding culture, transportation, employment, infrastructure, and environmental climate.
    – **Cultural Considerations for Global Business**: Explain the importance of researching the culture of a potential global market prior to market entry, as well as key cultural considerations to explore to inform expansion decisions.
    ### What to Submit
    Submit Section One: Drivers for Global Entry of the [Business Brief Template](https://learn.snhu.edu/content/enforced/2079111-INT-220-13905.202586-1/Course%20Documents/INT%20220%20Business%20Brief%20Template.docx?isCourseFile=true&ou=2079111) as a 350- to 500-word Microsoft Word document. Sources should be cited according to APA style.
    ### Milestone One Rubric
    CriteriaExceeds ExpectationsMeets ExpectationsPartially Meets ExpectationsDoes Not Meet ExpectationsValue **Country Selection** Selects a country to use for the course project (100%)N/AN/ADoes not attempt criterion (0%)10 **Purpose of Global Expansion** Exceeds expectations in an exceptionally clear, insightful, sophisticated, or creative manner (100%)Explains key benefits of successful global expansion for U.S. organizations (85%)Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include providing an additional explanation of key benefits or adding more key benefits of successful global expansion for U.S. organizations (55%)Does not attempt criterion (0%)20 **Business Impacts of Global Business** Exceeds expectations in an exceptionally clear, insightful, sophisticated, or creative manner (100%)Explains how global expansion of a U.S.  organization can impact business operations such as strategic planning, marketing, supply-chain management, human resources, and so on (85%)Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include providing a wider variety of examples from various aspects of business (e.g., strategic planning, marketing, supply-chain management, or human resources) or providing more detailed explanations on the impact of global expansion (55%)Does not attempt criterion (0%)20 **Societal Impacts of Global Business** Exceeds expectations in an exceptionally clear, insightful, sophisticated, or creative manner (100%)Explains how global expansion of organizations has impacted society, citing specific examples regarding culture, transportation, employment, infrastructure, and environmental climate (85%)Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include providing a wider variety of societal impacts or providing more detailed explanations on the impact of global expansion on society (55%)Does not attempt criterion (0%)20 **Cultural Considerations for Global Business** Exceeds expectations in an exceptionally clear, insightful, sophisticated, or creative manner (100%)Explains the importance of researching the culture of a potential global market prior to market entry, as well as key cultural considerations to explore to inform expansion decisions (85%)Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include adding further detail or better explaining the key cultural considerations to explore to inform expansion decisions (55%)Does not attempt criterion (0%)td>20 **Clear Communication** Exceeds expectations with an intentional use of language that promotes a thorough understanding (100%)Consistently and effectively communicates in an organized way to a specific audience (85%)Shows progress toward meeting expectations, but communication is inconsistent or ineffective in a way that negatively impacts understanding (55%)Shows no evidence of consistent, effective, or organized communication (0%)5 **Citations and Attributions** Uses citations for ideas requiring attribution, with few or no minor errors (100%)Uses citations for ideas requiring attribution, with consistent minor errors (85%)Uses citations for ideas requiring attribution, with major errors (55%)Does not use citations for ideas requiring attribution (0%)5 **Total:** 100%
    \
    INT220BusinessBriefTemplate.docx](https://www.sweetstudy.com/files/int220businessbrieftemplate-docx-10444225 "INT220BusinessBriefTemplate.docx")

  • [Solved] Business & Finance INT 220 Module Two Assignment Guidelines and Rubric

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    ## INT 220 Module Two Assignment Guidelines and Rubric ### Overview There can be pitfalls in doing business in a foreign country, from culturally inappropriate hugging to accidental obscene hand gestures. By researching and understanding the culture of a foreign country, you can better prepare yours…

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    ## INT 220 Module Two Assignment Guidelines and Rubric
    ### Overview
    There can be pitfalls in doing business in a foreign country, from culturally inappropriate hugging to accidental obscene hand gestures. By researching and understanding the culture of a foreign country, you can better prepare yourself and your team to avoid mistakes and leverage cultural protocols to your advantage.
    In this assignment, you will demonstrate your knowledge of cultural competence from this week’s module resources to compare the culture of the United States with the culture of the country you chose in Milestone One. You will show how doing business can be very different from one country to another.
    ### Directions
    Use the Module Two Assignment Template, which is linked in the What to Submit section below, to create a cultural comparison guide between the country you selected for your course project and the United States. In Part One of the template, you will identify common information, including the cultural background and business etiquette for both countries. In Part Two of the template, you will identify the six dimensions in the Hofstede model of national culture for both countries. In Part Three of the template, you will draw conclusions on how doing business in the country you selected will differ from doing business in the United States and provide tips for individuals doing business in your selected country.
    Specifically, you must address the following rubric criteria:
    **Part One: Common Information for Each Country**
    – **Basic Country Facts**: Identify government types, languages, and religions for both countries.
    – **Business Etiquette**: Identify common business etiquette in both countries (for example, how to greet men and women, negotiating styles, and acceptable business attire).
    – **Tips for Doing Business**: Identify three tips you would give to those individuals doing business in the non-U.S. country you selected. Tips could be about behaviors to avoid, such as things as innocent as posture or body language, attitudes regarding punctuality, or approaches to business.
    **Part Two: Hofstede Model of National Culture**
    – **Cultural Dimensions**: Identify and examine the six dimensions in the Hofstede model of national culture for both countries.
    **Part Three: Conclusions**
    – **Conclusions**: Identify any significant differences in scores between the two countries and provide conclusions on the impact of the differences.
    ### What to Submit
    Submit your completed [Module Two Assignment Template](https://learn.snhu.edu/content/enforced/2079111-INT-220-13905.202586-1/Course%20Documents/INT%20220%20Module%20Two%20Assignment%20Template.docx?ou=2079111) as a Microsoft Word document. Sources should be cited according to APA style.
    ### Module Two Assignment Rubric
    CriteriaExceeds Expectations (100%)Meets Expectations (85%)Partially Meets Expectations (55%)Does Not Meet Expectations (0%)Value **Basic Country Facts** Exceeds expectations in an exceptionally clear, insightful, sophisticated, or creative mannerIdentifies government types, languages, and religions for both countriesShows progress toward meeting expectations, but with errors or omissions; areas for improvement may include providing additional information when identifying government types, languages, and religions for both countriesDoes not attempt criterion10 **Business Etiquette** Exceeds expectations in an exceptionally clear, insightful, sophisticated, or creative mannerIdentifies common business etiquette in both countriesShows progress toward meeting expectations, but with errors or omissions; areas for improvement may include providing additional business etiquette examples for both countriesDoes not attempt criterion20 **Tips for Doing Business** Exceeds expectations in an exceptionally clear, insightful, sophisticated, or creative mannerIdentifies three tips to give to those individuals doing business in the selected non-U.S. countryShows progress toward meeting expectations, but with errors or omissions; areas for improvement may include identifying tips that would prove more helpful to those individuals doing business in the selected non-U.S. countryDoes not attempt criterion20 **Cultural Dimensions** Exceeds expectations in an exceptionally clear, insightful, sophisticated, or creative mannerIdentifies and examines the six dimensions in the Hofstede model of national culture for both countriesShows progress toward meeting expectations, but with errors or omissions; areas for improvement may include providing information for all six dimensions for both countriesDoes not attempt criterion10 **Conclusions** Exceeds expectations in an exceptionally clear, insightful, sophisticated, or creative mannerIdentifies any significant differences in scores between the two countries and provides conclusions on the impact of the differencesShows progress toward meeting expectations, but with errors or omissions; areas for improvement may include providing additional differences between both countriesDoes not attempt criterion20 **Clear Communication** Exceeds expectations with an intentional use of language that promotes a thorough understandingConsistently and effectively communicates in an organized way to a specific audienceShows progress toward meeting expectations, but communication is inconsistent or ineffective in a way that negatively impacts understandingShows no evidence of consistent, effective, or organized communication10 **Citations and Attributions** Uses citations for ideas requiring attribution, with few or no minor errorsUses citations for ideas requiring attribution, with consistent minor errorsUses citations for ideas requiring attribution, with major errorsDoes not use citations for ideas requiring attribution10 **Total:** 100%
    \
    INT220ModuleTwoAssignmentTemplate.docx](https://www.sweetstudy.com/files/int220moduletwoassignmenttemplate-docx-10444227 "INT220ModuleTwoAssignmentTemplate.docx")

  • [Solved] For isabella

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    In-depth study guidance and analytical solution covering For isabella.

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    Assignment Prompt & Instructions

    Full assignment prompt and step-by-step guidance are included in the downloadable solution file.

  • [Solved] Deliverable 02 – Social Awareness Presentation

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    #### **Scenario** You are a member of a high-functioning team and want to apply for an open management position. Part of the interviewing process involves you reflecting on your own behavioral growth and development in order to demonstrate your commitment to relating to others while achieving person…

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    Assignment Prompt & Instructions

    #### **Scenario**
    You are a member of a high-functioning team and want to apply for an open management position. Part of the interviewing process involves you reflecting on your own behavioral growth and development in order to demonstrate your commitment to relating to others while achieving personal and professional goals.
    To do this, you will **identify two different situations** that indicate a focus/change needed to make others want to work with you as their manager. **One situation needs to be a positive experience, while the second needs to be a negative experience.**
    #### **Instructions**
    Create a presentation (i.e. PowerPoint, Visio, YouTube, ScreenPal, Prezi, etc.) based on your self-awareness of your behaviors in the workplace and based on each situation you identified for self-awareness.
    **Your presentation will need to include the following criterions:**
    – Summary of the importance of self-awareness as it relates to behavioral growth and development
    – Details or background on the two situations identified (positive and negative).
    – **One** of the following:
    – Either create a single interview scenario. For this scenario, on separate slides, present two versions of that scenario: one positive and one negative. For each version, include detailed speaker notes.
    **-OR-**
    – Introduce two separate scenarios, one is the positive scenario on its own slide(s) with well-developed speaker notes attached, one is the negative scenario on its own slide(s) with well-developed speaker notes attached.
    – For each situation identified (positive and negative):
    – Discuss what nonverbal cues were given or used.
    – Explain what the outcomes are.
    – Determine what tools could be used to make improvements (i.e. listening more, empathy, more information, etc.).
    – Clear, well-developed, and supported speaker notes on each slide.
    Feel free to use the following template: ATTACHED
    #### **Submission Requirements**
    – Deliverable should be a minimum of 5 to 6 slides and must contain speaker notes, for each slide presented. This does not include your title slide and/or reference slide.
    – All assignments should be in APA format.
    \
    Module02_PPT_studenttemplate.pptx](https://www.sweetstudy.com/files/module02-ppt-studenttemplate-pptx "Module02_PPT_studenttemplate.pptx")

  • [Solved] HRM 6303 DB I

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    – ## TrainingandDevelopmentHRM6303UnitIDB.docx – ## UnitIStudyGuide.pdf **## TrainingandDevelopmentHRM6303UnitIDB.docx** 2 Training and Development HRM 6303 Unit I DB How has the COVID-19 pandemic impacted training and development within organizations in the past few years? How have you have seen it…

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    Assignment Prompt & Instructions

    – ## TrainingandDevelopmentHRM6303UnitIDB.docx

    – ## UnitIStudyGuide.pdf

    **## TrainingandDevelopmentHRM6303UnitIDB.docx**

    2

    Training and Development HRM 6303 Unit I DB

    How has the COVID-19 pandemic impacted training and development within organizations in the past few years? How have you have seen it change at your current place of employment?

    Initial post to be a minimum of 500 words in length and at least one supporting reference.

    **## UnitIStudyGuide.pdf**

    HRM 6303, Training and Development

    Course Learning Outcomes for Unit I

    Upon completion of this unit, students should be able to:

    1. Formulate different approaches to training.
    1.1 Explain the learner-guided approach to training.
    1.2 Describe methods for organizations to harness the use of self-directed training.
    1.3 Explain how technology is used to enhance training.

    Required Unit Resources

    In order to access the following resources, click the links below.

    Egloffstein, M., & Ifenthaler, D. (2017, January). Employee perspectives on MOOCs for workplace learning.

    TechTrends: Linking Research & Practice to Improve Learning, 61(1), 65–70.
    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
    ct=true&db=a9h&AN=120548828&site=ehost-live&scope=site

    Ten Cate, O., Chen, H. C., Hoff, R. G., Peters, H., Bok, H., & van der Schaaf, M. (2015, November).

    Curriculum development for the workplace using entrustable professional activities (EPAs): AMEE
    guide no. 99. Medical Teacher, 37(11), 983–1002.
    https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direc
    t=true&db=a9h&AN=110861165&site=ehost-live&scope=site

    Seven Dimensions (Producer). (2015). Implementing successful training [Video]. Films on Demand.

    https://libraryresources.columbiasouthern.edu/login?auth=CAS&url=https://fod.infobase.com/PortalPl
    aylists.aspx?wID=273866&xtid=93358

    The transcript for this video can be found by clicking the “Transcript” tab to the right of the video in the Films
    on Demand database.

    Unit Lesson

    Introduction

    Over the past few years, the delivery of training and development opportunities has evolved mainly due to the
    COVID-19 pandemic. Organizations have made training and development more of a priority to keep up with
    the shift of operations, transferring to remote work for staff, online meetings, and ultimately online and virtual
    training and development. We have recently learned that any major historical or global event has the potential
    to change the usual way we work. Employees and employers can find themselves having to adapt delivery
    methods of training and development due to federal or state mandates, lockdowns, or an increase in remote
    staffing. This unit will take an in-depth look at formulating the different approaches to training. Approaches to
    activities and delivery methods will be a primary focus of this unit.

    The Strategic Role of Training and Development

    Before we begin discussing developmental approaches to training, we must first understand the strategic role
    that training and development play within an organization. There is a heavy reliance among organizations
    today to focus on the intangible assets of the organization to gain a competitive advantage. This intangible
    asset is the organization’s human capital. Workers with specialized knowledge, skills, and abilities (KSAs) are
    challenging to find and difficult to duplicate. Hence, organizations must find ways to maximize the

    UNIT I STUDY GUIDE
    Different Approaches to Training

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    contributions of their current workforce to achieve organizational success. Training and development, also
    known as learning and development, are vital aspects of meeting an organization’s talent management
    needs. Therefore, the learning initiatives of an organization must be strategically aligned with the
    organization’s business strategy to ensure there is an impact on the organization’s bottom line.

    When it comes to the overall learning initiatives within an organization, it is important to note the distinction
    between the two terms training and development, which can be examined in the following graphic.

    Training is a method in which organizations provide KSAs that are specific to a particular job or task. Training
    is most appropriate when knowledge or a skill is missing, and the individual has the motivation and aptitude to
    learn. Training can provide skills that can be put to use immediately, and it is a great solution for solving short-
    term skill gaps. Development activities are different in that they are focused on the long term and prepare for
    future responsibilities while at the same time increasing capabilities of the employees to perform their current
    job. The activities are broader in scope than what is only done in training.

    Traditionally, many organizations focused their learning and development activities around training. For
    example, a skill gap or need is identified, and then training is designed, developed, and implemented to meet
    that need or skill gap. Upon completion, a training evaluation is completed to see how well the training met
    the need. Training is still used in this manner; however, some organizations recognize that when training is
    coupled with development, it serves a deeper purpose within the organization. Training and development are,
    therefore, used in a strategic manner to impact the organization as a whole for the long-term.

    Developmental Approaches to Training

    This now brings us to the developmental approaches to training. With the knowledge that an organization
    must align its training activities to its business strategy to achieve its outcomes, training must be designed
    and developed in such a way that efficiently facilitates this task. In many cases, depending on the need to be
    met, existing training materials may be acceptable to meet specific needs if given minor modifications.
    However, at other times, new materials must be developed to meet a specific need. During the developmental
    phase of training, choices are made among the various types of learning activities, training delivery methods,
    and technological tools that can be used. We will discuss each one of these components in detail.

    Learning activities give the opportunity for participants to learn information. Activities may include passive or
    participatory learning experiences.

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    Passive learning activities involve the learner reading, listening, and observing. These may include
    programmed instruction or readings delivered by computer or mobile devices, panel discussions,
    demonstrations, and lectures.

    Participatory learning is a form of education in which the learner interacts with the instructor or group of co-
    learners. This includes facilitated group discussions and question-and-answer (Q&A) sessions, along with the
    activities listed below.

    • Simulations: Participants perform a given role within a scenario designed to resemble a real-life
    challenge.

    • Case studies: Participants apply knowledge or a new skill to a hypothetical case or situation.
    • Structured exercises: Participants complete tasks similar to those actually encountered on the job.
    • Role play: Participants act out and assume roles to practice appropriate behavior or resolve conflicts

    for various situations.

    Those responsible for the development of training must take into consideration the activities they use since
    the activity choice will affect the participants’ level of interest, their ability to retain and apply new knowledge,
    and the resources needed to develop the training. Below are some questions to keep in mind when selecting
    learning activities.

    Training delivery methods: The three major training delivery methods are self-directed study, instructor-led
    training, and on-the-job training (OJT).

    • Self-directed study: Sometimes referred to as self-study, this is a type of training delivery method that
    gives learners the opportunity to progress at their own pace without the assistance of an instructor.
    This training delivery method can include training materials and also performance support materials
    such as job aids that provide step-by-step instructions regarding work tasks. The materials presented
    may be delivered in a number of ways. The oldest form of delivery is print—the workbook. Video and
    audio delivery accommodate different learning styles and increase the flexibility of how training is
    delivered. For example, these may include electronic formats such as MP3s, podcasts, or mobile
    devices.

    • Instructor-led training: This form of training delivery is traditional in a sense that training is delivered
    by an instructor to an audience. The setting for the training can be a classroom or conference room
    onsite. Some organizations may also partner with colleges and universities, training vendors, and
    trade associations to provide traditional classroom training. The option of the internet has allowed for

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    training to be virtual. For example, webinars allow individual learners or entire classes to access an
    instructor from one central location via the web. Some of the learning activities found in instructor-led
    training are presentations, lectures, readings, case studies, group discussions, and simulations.

    • On-the-job training (OJT): Managers and supervisors of a given organization will typically provide
    OJT to employees at the actual work site. The customary practice of OJT is demonstrated below.
    o The skill is demonstrated by the trainer to the learner.
    o The learner then practices the skill that was demonstrated.
    o Feedback is given to the learner by the trainer regarding the learner’s performance.
    o The learner is then retested.

    Often, the learner is given learning aids to support his or her performance after the OJT. These learning aids
    may include diagrams or process models.

    Technological learning tools: Many organizations have observed that technology has allowed them to deliver
    training more effectively and efficiently. Access to training has been made more equitable due to technology,
    and it aligns with the way that employees live by allowing them to learn when and where they choose.
    Technology has also given human resources more control in the administration of training. The COVID-19
    pandemic illustrated the increased need for technology to be at the forefront with training and development.

    There are four types of technological tools we are discussing including eLearning, learning portals, learning
    management systems, and mobile learning.

    • eLearning: This is the delivery of training that is typically done through electronic media such as
    virtual classrooms, mobile devices, or web-based learning via a computer. When this method of
    training delivery is used, instructors are often positioned to moderate discussions, provide feedback,
    and suggest supplemental resources and activities.

    • Learning portals: This is an access point via the internet and through an organization’s intranet site
    that provides access to the organization’s database of information and resources pertaining to
    learning and training. Information through learning portals can be presented from diverse sources in a
    unified way. Employees have access to learning-related applications, and information can be handled
    and communicated effectively and efficiently.

    • Learning management systems: A learning management system (LMS) is an electronic system that
    holds suggested curriculum and course content. An LMS may also have certification paths for those
    needing certification in a given area. The LMS has the ability to manage and track employee
    registration and completion and many other employee development activities such as career and skill
    development.

    • Mobile learning: There are a number of ways that mobile learning can be defined, but for this lesson,
    we will define it as content and information that can be accessed via a small, handheld device such
    as a smartphone or tablet. Many organizations around the globe use mobile learning as a means to
    deliver training as it provides a degree of equity in training access in remote regions.

    Conclusion

    As you can see, technology has disrupted the way training is delivered and how employees learn. There
    are many benefits that organizations can realize by utilizing technology to administer training. By
    adopting technology in the development of training, technology will continue to shape the ways that
    organizations deliver training. Organizations that have quickly adapted to the major shift of utilizing
    technology for a means of online and virtual training and development have seen significant
    improvements within their organizations.

    **## UnitIStudyGuide.pdf**

    HRM 6303, Training and Development

    Course Learning Outcomes for Unit I

    Upon completion of this unit, students should be able to:

    1. Formulate different approaches to training.
    1.1 Explain the learner-guided approach to training.
    1.2 Describe methods for organizations to harness the use of self-directed training.
    1.3 Explain how technology is used to enhance training.

    Required Unit Resources

    In order to access the following resources, click the links below.

    Egloffstein, M., & Ifenthaler, D. (2017, January). Employee perspectives on MOOCs for workplace learning.

    TechTrends: Linking Research & Practice to Improve Learning, 61(1), 65–70.
    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
    ct=true&db=a9h&AN=120548828&site=ehost-live&scope=site

    Ten Cate, O., Chen, H. C., Hoff, R. G., Peters, H., Bok, H., & van der Schaaf, M. (2015, November).

    Curriculum development for the workplace using entrustable professional activities (EPAs): AMEE
    guide no. 99. Medical Teacher, 37(11), 983–1002.
    https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direc
    t=true&db=a9h&AN=110861165&site=ehost-live&scope=site

    Seven Dimensions (Producer). (2015). Implementing successful training [Video]. Films on Demand.

    https://libraryresources.columbiasouthern.edu/login?auth=CAS&url=https://fod.infobase.com/PortalPl
    aylists.aspx?wID=273866&xtid=93358

    The transcript for this video can be found by clicking the “Transcript” tab to the right of the video in the Films
    on Demand database.

    Unit Lesson

    Introduction

    Over the past few years, the delivery of training and development opportunities has evolved mainly due to the
    COVID-19 pandemic. Organizations have made training and development more of a priority to keep up with
    the shift of operations, transferring to remote work for staff, online meetings, and ultimately online and virtual
    training and development. We have recently learned that any major historical or global event has the potential
    to change the usual way we work. Employees and employers can find themselves having to adapt delivery
    methods of training and development due to federal or state mandates, lockdowns, or an increase in remote
    staffing. This unit will take an in-depth look at formulating the different approaches to training. Approaches to
    activities and delivery methods will be a primary focus of this unit.

    The Strategic Role of Training and Development

    Before we begin discussing developmental approaches to training, we must first understand the strategic role
    that training and development play within an organization. There is a heavy reliance among organizations
    today to focus on the intangible assets of the organization to gain a competitive advantage. This intangible
    asset is the organization’s human capital. Workers with specialized knowledge, skills, and abilities (KSAs) are
    challenging to find and difficult to duplicate. Hence, organizations must find ways to maximize the

    UNIT I STUDY GUIDE
    Different Approaches to Training

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    contributions of their current workforce to achieve organizational success. Training and development, also
    known as learning and development, are vital aspects of meeting an organization’s talent management
    needs. Therefore, the learning initiatives of an organization must be strategically aligned with the
    organization’s business strategy to ensure there is an impact on the organization’s bottom line.

    When it comes to the overall learning initiatives within an organization, it is important to note the distinction
    between the two terms training and development, which can be examined in the following graphic.

    Training is a method in which organizations provide KSAs that are specific to a particular job or task. Training
    is most appropriate when knowledge or a skill is missing, and the individual has the motivation and aptitude to
    learn. Training can provide skills that can be put to use immediately, and it is a great solution for solving short-
    term skill gaps. Development activities are different in that they are focused on the long term and prepare for
    future responsibilities while at the same time increasing capabilities of the employees to perform their current
    job. The activities are broader in scope than what is only done in training.

    Traditionally, many organizations focused their learning and development activities around training. For
    example, a skill gap or need is identified, and then training is designed, developed, and implemented to meet
    that need or skill gap. Upon completion, a training evaluation is completed to see how well the training met
    the need. Training is still used in this manner; however, some organizations recognize that when training is
    coupled with development, it serves a deeper purpose within the organization. Training and development are,
    therefore, used in a strategic manner to impact the organization as a whole for the long-term.

    Developmental Approaches to Training

    This now brings us to the developmental approaches to training. With the knowledge that an organization
    must align its training activities to its business strategy to achieve its outcomes, training must be designed
    and developed in such a way that efficiently facilitates this task. In many cases, depending on the need to be
    met, existing training materials may be acceptable to meet specific needs if given minor modifications.
    However, at other times, new materials must be developed to meet a specific need. During the developmental
    phase of training, choices are made among the various types of learning activities, training delivery methods,
    and technological tools that can be used. We will discuss each one of these components in detail.

    Learning activities give the opportunity for participants to learn information. Activities may include passive or
    participatory learning experiences.

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    Passive learning activities involve the learner reading, listening, and observing. These may include
    programmed instruction or readings delivered by computer or mobile devices, panel discussions,
    demonstrations, and lectures.

    Participatory learning is a form of education in which the learner interacts with the instructor or group of co-
    learners. This includes facilitated group discussions and question-and-answer (Q&A) sessions, along with the
    activities listed below.

    • Simulations: Participants perform a given role within a scenario designed to resemble a real-life
    challenge.

    • Case studies: Participants apply knowledge or a new skill to a hypothetical case or situation.
    • Structured exercises: Participants complete tasks similar to those actually encountered on the job.
    • Role play: Participants act out and assume roles to practice appropriate behavior or resolve conflicts

    for various situations.

    Those responsible for the development of training must take into consideration the activities they use since
    the activity choice will affect the participants’ level of interest, their ability to retain and apply new knowledge,
    and the resources needed to develop the training. Below are some questions to keep in mind when selecting
    learning activities.

    Training delivery methods: The three major training delivery methods are self-directed study, instructor-led
    training, and on-the-job training (OJT).

    • Self-directed study: Sometimes referred to as self-study, this is a type of training delivery method that
    gives learners the opportunity to progress at their own pace without the assistance of an instructor.
    This training delivery method can include training materials and also performance support materials
    such as job aids that provide step-by-step instructions regarding work tasks. The materials presented
    may be delivered in a number of ways. The oldest form of delivery is print—the workbook. Video and
    audio delivery accommodate different learning styles and increase the flexibility of how training is
    delivered. For example, these may include electronic formats such as MP3s, podcasts, or mobile
    devices.

    • Instructor-led training: This form of training delivery is traditional in a sense that training is delivered
    by an instructor to an audience. The setting for the training can be a classroom or conference room
    onsite. Some organizations may also partner with colleges and universities, training vendors, and
    trade associations to provide traditional classroom training. The option of the internet has allowed for

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    training to be virtual. For example, webinars allow individual learners or entire classes to access an
    instructor from one central location via the web. Some of the learning activities found in instructor-led
    training are presentations, lectures, readings, case studies, group discussions, and simulations.

    • On-the-job training (OJT): Managers and supervisors of a given organization will typically provide
    OJT to employees at the actual work site. The customary practice of OJT is demonstrated below.
    o The skill is demonstrated by the trainer to the learner.
    o The learner then practices the skill that was demonstrated.
    o Feedback is given to the learner by the trainer regarding the learner’s performance.
    o The learner is then retested.

    Often, the learner is given learning aids to support his or her performance after the OJT. These learning aids
    may include diagrams or process models.

    Technological learning tools: Many organizations have observed that technology has allowed them to deliver
    training more effectively and efficiently. Access to training has been made more equitable due to technology,
    and it aligns with the way that employees live by allowing them to learn when and where they choose.
    Technology has also given human resources more control in the administration of training. The COVID-19
    pandemic illustrated the increased need for technology to be at the forefront with training and development.

    There are four types of technological tools we are discussing including eLearning, learning portals, learning
    management systems, and mobile learning.

    • eLearning: This is the delivery of training that is typically done through electronic media such as
    virtual classrooms, mobile devices, or web-based learning via a computer. When this method of
    training delivery is used, instructors are often positioned to moderate discussions, provide feedback,
    and suggest supplemental resources and activities.

    • Learning portals: This is an access point via the internet and through an organization’s intranet site
    that provides access to the organization’s database of information and resources pertaining to
    learning and training. Information through learning portals can be presented from diverse sources in a
    unified way. Employees have access to learning-related applications, and information can be handled
    and communicated effectively and efficiently.

    • Learning management systems: A learning management system (LMS) is an electronic system that
    holds suggested curriculum and course content. An LMS may also have certification paths for those
    needing certification in a given area. The LMS has the ability to manage and track employee
    registration and completion and many other employee development activities such as career and skill
    development.

    • Mobile learning: There are a number of ways that mobile learning can be defined, but for this lesson,
    we will define it as content and information that can be accessed via a small, handheld device such
    as a smartphone or tablet. Many organizations around the globe use mobile learning as a means to
    deliver training as it provides a degree of equity in training access in remote regions.

    Conclusion

    As you can see, technology has disrupted the way training is delivered and how employees learn. There
    are many benefits that organizations can realize by utilizing technology to administer training. By
    adopting technology in the development of training, technology will continue to shape the ways that
    organizations deliver training. Organizations that have quickly adapted to the major shift of utilizing
    technology for a means of online and virtual training and development have seen significant
    improvements within their organizations.

    **## TrainingandDevelopmentHRM6303UnitIDB.docx**

    2

    Training and Development HRM 6303 Unit I DB

    How has the COVID-19 pandemic impacted training and development within organizations in the past few years? How have you have seen it change at your current place of employment?

    Initial post to be a minimum of 500 words in length and at least one supporting reference.

    **## UnitIStudyGuide.pdf**

    HRM 6303, Training and Development

    Course Learning Outcomes for Unit I

    Upon completion of this unit, students should be able to:

    1. Formulate different approaches to training.
    1.1 Explain the learner-guided approach to training.
    1.2 Describe methods for organizations to harness the use of self-directed training.
    1.3 Explain how technology is used to enhance training.

    Required Unit Resources

    In order to access the following resources, click the links below.

    Egloffstein, M., & Ifenthaler, D. (2017, January). Employee perspectives on MOOCs for workplace learning.

    TechTrends: Linking Research & Practice to Improve Learning, 61(1), 65–70.
    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
    ct=true&db=a9h&AN=120548828&site=ehost-live&scope=site

    Ten Cate, O., Chen, H. C., Hoff, R. G., Peters, H., Bok, H., & van der Schaaf, M. (2015, November).

    Curriculum development for the workplace using entrustable professional activities (EPAs): AMEE
    guide no. 99. Medical Teacher, 37(11), 983–1002.
    https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direc
    t=true&db=a9h&AN=110861165&site=ehost-live&scope=site

    Seven Dimensions (Producer). (2015). Implementing successful training [Video]. Films on Demand.

    https://libraryresources.columbiasouthern.edu/login?auth=CAS&url=https://fod.infobase.com/PortalPl
    aylists.aspx?wID=273866&xtid=93358

    The transcript for this video can be found by clicking the “Transcript” tab to the right of the video in the Films
    on Demand database.

    Unit Lesson

    Introduction

    Over the past few years, the delivery of training and development opportunities has evolved mainly due to the
    COVID-19 pandemic. Organizations have made training and development more of a priority to keep up with
    the shift of operations, transferring to remote work for staff, online meetings, and ultimately online and virtual
    training and development. We have recently learned that any major historical or global event has the potential
    to change the usual way we work. Employees and employers can find themselves having to adapt delivery
    methods of training and development due to federal or state mandates, lockdowns, or an increase in remote
    staffing. This unit will take an in-depth look at formulating the different approaches to training. Approaches to
    activities and delivery methods will be a primary focus of this unit.

    The Strategic Role of Training and Development

    Before we begin discussing developmental approaches to training, we must first understand the strategic role
    that training and development play within an organization. There is a heavy reliance among organizations
    today to focus on the intangible assets of the organization to gain a competitive advantage. This intangible
    asset is the organization’s human capital. Workers with specialized knowledge, skills, and abilities (KSAs) are
    challenging to find and difficult to duplicate. Hence, organizations must find ways to maximize the

    UNIT I STUDY GUIDE
    Different Approaches to Training

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    contributions of their current workforce to achieve organizational success. Training and development, also
    known as learning and development, are vital aspects of meeting an organization’s talent management
    needs. Therefore, the learning initiatives of an organization must be strategically aligned with the
    organization’s business strategy to ensure there is an impact on the organization’s bottom line.

    When it comes to the overall learning initiatives within an organization, it is important to note the distinction
    between the two terms training and development, which can be examined in the following graphic.

    Training is a method in which organizations provide KSAs that are specific to a particular job or task. Training
    is most appropriate when knowledge or a skill is missing, and the individual has the motivation and aptitude to
    learn. Training can provide skills that can be put to use immediately, and it is a great solution for solving short-
    term skill gaps. Development activities are different in that they are focused on the long term and prepare for
    future responsibilities while at the same time increasing capabilities of the employees to perform their current
    job. The activities are broader in scope than what is only done in training.

    Traditionally, many organizations focused their learning and development activities around training. For
    example, a skill gap or need is identified, and then training is designed, developed, and implemented to meet
    that need or skill gap. Upon completion, a training evaluation is completed to see how well the training met
    the need. Training is still used in this manner; however, some organizations recognize that when training is
    coupled with development, it serves a deeper purpose within the organization. Training and development are,
    therefore, used in a strategic manner to impact the organization as a whole for the long-term.

    Developmental Approaches to Training

    This now brings us to the developmental approaches to training. With the knowledge that an organization
    must align its training activities to its business strategy to achieve its outcomes, training must be designed
    and developed in such a way that efficiently facilitates this task. In many cases, depending on the need to be
    met, existing training materials may be acceptable to meet specific needs if given minor modifications.
    However, at other times, new materials must be developed to meet a specific need. During the developmental
    phase of training, choices are made among the various types of learning activities, training delivery methods,
    and technological tools that can be used. We will discuss each one of these components in detail.

    Learning activities give the opportunity for participants to learn information. Activities may include passive or
    participatory learning experiences.

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    Passive learning activities involve the learner reading, listening, and observing. These may include
    programmed instruction or readings delivered by computer or mobile devices, panel discussions,
    demonstrations, and lectures.

    Participatory learning is a form of education in which the learner interacts with the instructor or group of co-
    learners. This includes facilitated group discussions and question-and-answer (Q&A) sessions, along with the
    activities listed below.

    • Simulations: Participants perform a given role within a scenario designed to resemble a real-life
    challenge.

    • Case studies: Participants apply knowledge or a new skill to a hypothetical case or situation.
    • Structured exercises: Participants complete tasks similar to those actually encountered on the job.
    • Role play: Participants act out and assume roles to practice appropriate behavior or resolve conflicts

    for various situations.

    Those responsible for the development of training must take into consideration the activities they use since
    the activity choice will affect the participants’ level of interest, their ability to retain and apply new knowledge,
    and the resources needed to develop the training. Below are some questions to keep in mind when selecting
    learning activities.

    Training delivery methods: The three major training delivery methods are self-directed study, instructor-led
    training, and on-the-job training (OJT).

    • Self-directed study: Sometimes referred to as self-study, this is a type of training delivery method that
    gives learners the opportunity to progress at their own pace without the assistance of an instructor.
    This training delivery method can include training materials and also performance support materials
    such as job aids that provide step-by-step instructions regarding work tasks. The materials presented
    may be delivered in a number of ways. The oldest form of delivery is print—the workbook. Video and
    audio delivery accommodate different learning styles and increase the flexibility of how training is
    delivered. For example, these may include electronic formats such as MP3s, podcasts, or mobile
    devices.

    • Instructor-led training: This form of training delivery is traditional in a sense that training is delivered
    by an instructor to an audience. The setting for the training can be a classroom or conference room
    onsite. Some organizations may also partner with colleges and universities, training vendors, and
    trade associations to provide traditional classroom training. The option of the internet has allowed for

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    training to be virtual. For example, webinars allow individual learners or entire classes to access an
    instructor from one central location via the web. Some of the learning activities found in instructor-led
    training are presentations, lectures, readings, case studies, group discussions, and simulations.

    • On-the-job training (OJT): Managers and supervisors of a given organization will typically provide
    OJT to employees at the actual work site. The customary practice of OJT is demonstrated below.
    o The skill is demonstrated by the trainer to the learner.
    o The learner then practices the skill that was demonstrated.
    o Feedback is given to the learner by the trainer regarding the learner’s performance.
    o The learner is then retested.

    Often, the learner is given learning aids to support his or her performance after the OJT. These learning aids
    may include diagrams or process models.

    Technological learning tools: Many organizations have observed that technology has allowed them to deliver
    training more effectively and efficiently. Access to training has been made more equitable due to technology,
    and it aligns with the way that employees live by allowing them to learn when and where they choose.
    Technology has also given human resources more control in the administration of training. The COVID-19
    pandemic illustrated the increased need for technology to be at the forefront with training and development.

    There are four types of technological tools we are discussing including eLearning, learning portals, learning
    management systems, and mobile learning.

    • eLearning: This is the delivery of training that is typically done through electronic media such as
    virtual classrooms, mobile devices, or web-based learning via a computer. When this method of
    training delivery is used, instructors are often positioned to moderate discussions, provide feedback,
    and suggest supplemental resources and activities.

    • Learning portals: This is an access point via the internet and through an organization’s intranet site
    that provides access to the organization’s database of information and resources pertaining to
    learning and training. Information through learning portals can be presented from diverse sources in a
    unified way. Employees have access to learning-related applications, and information can be handled
    and communicated effectively and efficiently.

    • Learning management systems: A learning management system (LMS) is an electronic system that
    holds suggested curriculum and course content. An LMS may also have certification paths for those
    needing certification in a given area. The LMS has the ability to manage and track employee
    registration and completion and many other employee development activities such as career and skill
    development.

    • Mobile learning: There are a number of ways that mobile learning can be defined, but for this lesson,
    we will define it as content and information that can be accessed via a small, handheld device such
    as a smartphone or tablet. Many organizations around the globe use mobile learning as a means to
    deliver training as it provides a degree of equity in training access in remote regions.

    Conclusion

    As you can see, technology has disrupted the way training is delivered and how employees learn. There
    are many benefits that organizations can realize by utilizing technology to administer training. By
    adopting technology in the development of training, technology will continue to shape the ways that
    organizations deliver training. Organizations that have quickly adapted to the major shift of utilizing
    technology for a means of online and virtual training and development have seen significant
    improvements within their organizations.

    **## TrainingandDevelopmentHRM6303UnitIDB.docx**

    2

    Training and Development HRM 6303 Unit I DB

    How has the COVID-19 pandemic impacted training and development within organizations in the past few years? How have you have seen it change at your current place of employment?

    Initial post to be a minimum of 500 words in length and at least one supporting reference.

    **## UnitIStudyGuide.pdf**

    HRM 6303, Training and Development

    Course Learning Outcomes for Unit I

    Upon completion of this unit, students should be able to:

    1. Formulate different approaches to training.
    1.1 Explain the learner-guided approach to training.
    1.2 Describe methods for organizations to harness the use of self-directed training.
    1.3 Explain how technology is used to enhance training.

    Required Unit Resources

    In order to access the following resources, click the links below.

    Egloffstein, M., & Ifenthaler, D. (2017, January). Employee perspectives on MOOCs for workplace learning.

    TechTrends: Linking Research & Practice to Improve Learning, 61(1), 65–70.
    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
    ct=true&db=a9h&AN=120548828&site=ehost-live&scope=site

    Ten Cate, O., Chen, H. C., Hoff, R. G., Peters, H., Bok, H., & van der Schaaf, M. (2015, November).

    Curriculum development for the workplace using entrustable professional activities (EPAs): AMEE
    guide no. 99. Medical Teacher, 37(11), 983–1002.
    https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direc
    t=true&db=a9h&AN=110861165&site=ehost-live&scope=site

    Seven Dimensions (Producer). (2015). Implementing successful training [Video]. Films on Demand.

    https://libraryresources.columbiasouthern.edu/login?auth=CAS&url=https://fod.infobase.com/PortalPl
    aylists.aspx?wID=273866&xtid=93358

    The transcript for this video can be found by clicking the “Transcript” tab to the right of the video in the Films
    on Demand database.

    Unit Lesson

    Introduction

    Over the past few years, the delivery of training and development opportunities has evolved mainly due to the
    COVID-19 pandemic. Organizations have made training and development more of a priority to keep up with
    the shift of operations, transferring to remote work for staff, online meetings, and ultimately online and virtual
    training and development. We have recently learned that any major historical or global event has the potential
    to change the usual way we work. Employees and employers can find themselves having to adapt delivery
    methods of training and development due to federal or state mandates, lockdowns, or an increase in remote
    staffing. This unit will take an in-depth look at formulating the different approaches to training. Approaches to
    activities and delivery methods will be a primary focus of this unit.

    The Strategic Role of Training and Development

    Before we begin discussing developmental approaches to training, we must first understand the strategic role
    that training and development play within an organization. There is a heavy reliance among organizations
    today to focus on the intangible assets of the organization to gain a competitive advantage. This intangible
    asset is the organization’s human capital. Workers with specialized knowledge, skills, and abilities (KSAs) are
    challenging to find and difficult to duplicate. Hence, organizations must find ways to maximize the

    UNIT I STUDY GUIDE
    Different Approaches to Training

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    contributions of their current workforce to achieve organizational success. Training and development, also
    known as learning and development, are vital aspects of meeting an organization’s talent management
    needs. Therefore, the learning initiatives of an organization must be strategically aligned with the
    organization’s business strategy to ensure there is an impact on the organization’s bottom line.

    When it comes to the overall learning initiatives within an organization, it is important to note the distinction
    between the two terms training and development, which can be examined in the following graphic.

    Training is a method in which organizations provide KSAs that are specific to a particular job or task. Training
    is most appropriate when knowledge or a skill is missing, and the individual has the motivation and aptitude to
    learn. Training can provide skills that can be put to use immediately, and it is a great solution for solving short-
    term skill gaps. Development activities are different in that they are focused on the long term and prepare for
    future responsibilities while at the same time increasing capabilities of the employees to perform their current
    job. The activities are broader in scope than what is only done in training.

    Traditionally, many organizations focused their learning and development activities around training. For
    example, a skill gap or need is identified, and then training is designed, developed, and implemented to meet
    that need or skill gap. Upon completion, a training evaluation is completed to see how well the training met
    the need. Training is still used in this manner; however, some organizations recognize that when training is
    coupled with development, it serves a deeper purpose within the organization. Training and development are,
    therefore, used in a strategic manner to impact the organization as a whole for the long-term.

    Developmental Approaches to Training

    This now brings us to the developmental approaches to training. With the knowledge that an organization
    must align its training activities to its business strategy to achieve its outcomes, training must be designed
    and developed in such a way that efficiently facilitates this task. In many cases, depending on the need to be
    met, existing training materials may be acceptable to meet specific needs if given minor modifications.
    However, at other times, new materials must be developed to meet a specific need. During the developmental
    phase of training, choices are made among the various types of learning activities, training delivery methods,
    and technological tools that can be used. We will discuss each one of these components in detail.

    Learning activities give the opportunity for participants to learn information. Activities may include passive or
    participatory learning experiences.

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    Passive learning activities involve the learner reading, listening, and observing. These may include
    programmed instruction or readings delivered by computer or mobile devices, panel discussions,
    demonstrations, and lectures.

    Participatory learning is a form of education in which the learner interacts with the instructor or group of co-
    learners. This includes facilitated group discussions and question-and-answer (Q&A) sessions, along with the
    activities listed below.

    • Simulations: Participants perform a given role within a scenario designed to resemble a real-life
    challenge.

    • Case studies: Participants apply knowledge or a new skill to a hypothetical case or situation.
    • Structured exercises: Participants complete tasks similar to those actually encountered on the job.
    • Role play: Participants act out and assume roles to practice appropriate behavior or resolve conflicts

    for various situations.

    Those responsible for the development of training must take into consideration the activities they use since
    the activity choice will affect the participants’ level of interest, their ability to retain and apply new knowledge,
    and the resources needed to develop the training. Below are some questions to keep in mind when selecting
    learning activities.

    Training delivery methods: The three major training delivery methods are self-directed study, instructor-led
    training, and on-the-job training (OJT).

    • Self-directed study: Sometimes referred to as self-study, this is a type of training delivery method that
    gives learners the opportunity to progress at their own pace without the assistance of an instructor.
    This training delivery method can include training materials and also performance support materials
    such as job aids that provide step-by-step instructions regarding work tasks. The materials presented
    may be delivered in a number of ways. The oldest form of delivery is print—the workbook. Video and
    audio delivery accommodate different learning styles and increase the flexibility of how training is
    delivered. For example, these may include electronic formats such as MP3s, podcasts, or mobile
    devices.

    • Instructor-led training: This form of training delivery is traditional in a sense that training is delivered
    by an instructor to an audience. The setting for the training can be a classroom or conference room
    onsite. Some organizations may also partner with colleges and universities, training vendors, and
    trade associations to provide traditional classroom training. The option of the internet has allowed for

    HRM 6303, Training and Development

    UNIT x STUDY GUIDE
    Title

    training to be virtual. For example, webinars allow individual learners or entire classes to access an
    instructor from one central location via the web. Some of the learning activities found in instructor-led
    training are presentations, lectures, readings, case studies, group discussions, and simulations.

    • On-the-job training (OJT): Managers and supervisors of a given organization will typically provide
    OJT to employees at the actual work site. The customary practice of OJT is demonstrated below.
    o The skill is demonstrated by the trainer to the learner.
    o The learner then practices the skill that was demonstrated.
    o Feedback is given to the learner by the trainer regarding the learner’s performance.
    o The learner is then retested.

    Often, the learner is given learning aids to support his or her performance after the OJT. These learning aids
    may include diagrams or process models.

    Technological learning tools: Many organizations have observed that technology has allowed them to deliver
    training more effectively and efficiently. Access to training has been made more equitable due to technology,
    and it aligns with the way that employees live by allowing them to learn when and where they choose.
    Technology has also given human resources more control in the administration of training. The COVID-19
    pandemic illustrated the increased need for technology to be at the forefront with training and development.

    There are four types of technological tools we are discussing including eLearning, learning portals, learning
    management systems, and mobile learning.

    • eLearning: This is the delivery of training that is typically done through electronic media such as
    virtual classrooms, mobile devices, or web-based learning via a computer. When this method of
    training delivery is used, instructors are often positioned to moderate discussions, provide feedback,
    and suggest supplemental resources and activities.

    • Learning portals: This is an access point via the internet and through an organization’s intranet site
    that provides access to the organization’s database of information and resources pertaining to
    learning and training. Information through learning portals can be presented from diverse sources in a
    unified way. Employees have access to learning-related applications, and information can be handled
    and communicated effectively and efficiently.

    • Learning management systems: A learning management system (LMS) is an electronic system that
    holds suggested curriculum and course content. An LMS may also have certification paths for those
    needing certification in a given area. The LMS has the ability to manage and track employee
    registration and completion and many other employee development activities such as career and skill
    development.

    • Mobile learning: There are a number of ways that mobile learning can be defined, but for this lesson,
    we will define it as content and information that can be accessed via a small, handheld device such
    as a smartphone or tablet. Many organizations around the globe use mobile learning as a means to
    deliver training as it provides a degree of equity in training access in remote regions.

    Conclusion

    As you can see, technology has disrupted the way training is delivered and how employees learn. There
    are many benefits that organizations can realize by utilizing technology to administer training. By
    adopting technology in the development of training, technology will continue to shape the ways that
    organizations deliver training. Organizations that have quickly adapted to the major shift of utilizing
    technology for a means of online and virtual training and development have seen significant
    improvements within their organizations.

    – 1
    – 2

  • [Solved] ACC 5301 DB II

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    Executive Solution Overview

    – ## ManagementApplicationsofAccountingACC5301UnitIIDB.docx – ## UnitIStudyGuide.pdf – UnitIIStudyGuide.pdf **## ManagementApplicationsofAccountingACC5301UnitIIDB.docx** 2 Management Applications of Accounting ACC 5301 DB II Post 1: Initial post addressing the discussion board topic is due by the en…

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    – ## ManagementApplicationsofAccountingACC5301UnitIIDB.docx

    – ## UnitIStudyGuide.pdf

    – UnitIIStudyGuide.pdf

    **## ManagementApplicationsofAccountingACC5301UnitIIDB.docx**

    2

    Management Applications of Accounting ACC 5301 DB II

    Post 1: Initial post addressing the discussion board topic is due by the end of day on Saturday.

    •   Your initial post should be at least 300 words in length.

    •   Your initial post should include at least one APA-formatted scholarly, professional, or textbook reference with accompanying in-text citation to support any paraphrased, summarized, or quoted material.

    Do you think both types of accounting—financial and managerial—are necessary to make strategic business decisions? Why, or why not?

    **## UnitIStudyGuide.pdf**

    ACC 5301, Management Applications of Accounting 1

    Course Learning Outcomes for Unit I

    Upon completion of this unit, students should be able to:

    3. Analyze accounting information used to make strategic business decisions.
    3.1 Define managerial accounting.
    3.2 Compare and contrast managerial and financial accounting.
    3.3 Define strategic business decisions.
    3.4 Analyze accounting information.

    Required Unit Resources

    Chapter 1: Managerial Accounting in the Information Age, pp. 1-1 – 1-23

    Unit Lesson

    Introduction

    Welcome to Unit I. Accounting is often referred to as the language of business since it is used, universally, to
    help managers understand the financial aspects of their business. As with learning any new foreign language,
    you need to start with vocabulary, or in the case of accounting, common business and accounting
    terminology. Then you need to become familiar with "rules" or principles/concepts of accounting just like
    learning the grammar rules of a foreign language. As you become more confident with the terminology and
    principles/concepts of accounting, you will find that the work will become easier—just like learning any new
    language.

    In this unit, we are going to define managerial and financial accounting so that you can see the basic
    difference between the two types of accounting information provided and the uses of financial and managerial
    accounting. Next, we are going to define strategic decision-making, and finally, we are going to discuss how
    managerial accounting information, including cost information, is used to make strategic business decisions
    by providing some examples to demonstrate this process.

    Types of Accounting

    Managerial accounting stresses how accounting information can be used internally by managers for planning,
    controlling, and decision-making (Jiambalvo, 2020). Reporting in managerial accounting is often requested for
    a specific purpose. Very detailed reports are prepared when needed, in other words, not necessarily at set
    intervals like monthly or annually. For example, a manager may want to see a report detailing a cost
    comparison between two products or between two divisions of a company to see which product or division
    has been more profitable over the last six months.

    In contrast, financial accounting is primarily used by external users such as banks, stockholders, creditors,
    and regulators. Financial accounting reporting is more general in nature and looks at the business as a whole
    using a very specific format for reporting purposes that follows generally accepted accounting principles
    (GAAP). The information used in financial accounting is prepared on a consistent basis such as monthly or
    quarterly, and the information contained in financial accounting reports is subject to audit by a certified public
    accountant (CPA) (Kimmel, Weygandt, & Kieso, 2016). For example, a company may provide an audited
    income statement, balance sheet, and statement of cash flows to a bank to obtain a loan in order to expand
    its factory or purchase more inventory.

    Below is a comparison table of the differences between managerial and financial accounting:

    UNIT I STUDY GUIDE

    Managerial Accounting
    in the Information Age

    ACC 5301, Management Applications of Accounting 2

    UNIT x STUDY GUIDE

    Title

    Accounting’s Connection to the Mission and Vision

    Strategic decision-making looks at aligning short-term and long-term goals of an organization. This starts with
    a clear understanding of the mission and vision of the company and provides solutions to meet those goals
    (Gartenstein, 2019). For example, if the mission of the organization is to maximize profit, managerial
    accounting information can be used to assist managers at all levels in the planning, controlling, and decision-
    making process to ensure the company is maximizing profits. From a planning perspective, managers use
    accounting information to see where operations may be performing less efficiently than the company would
    expect. The manager can then implement policies as part of the control process based on that information in
    an attempt to eliminate or minimize those inefficiencies. Finally, by looking at managerial accounting
    information, managers can track the outcomes of the changes that were implemented to determine if the
    changes were, in fact, effective in meeting the company's mission to maximize profit.

    Terminology

    As we look at the effective use of managerial accounting information in making decisions, we also need to
    discuss cost terminology. Typically, you may be used to thinking of cost in terms of how much something will
    cost you to purchase a product or service; however, in accounting, costs take on a whole new meaning.
    Remember, we look at costs from the perspective of the company and how much it costs the company to
    make the product or service it is selling. For example, there are variable and fixed costs, sunk and opportunity
    costs, direct and indirect costs, and controllable and non-controllable costs (Jiambalvo, 2020). Each of these
    costs is unique, and understanding their characteristics is essential to ensuring you are making appropriate
    decisions using managerial accounting information.

    Variable Costs and Fixed Costs

    Starting off with variable and fixed costs, these are costs that change in total and per unit or do not change in
    total and per unit as the level of production changes. In the case of fixed costs, for example, if you are a
    salaried employee and make $50,000 a year, it does not matter if you work 100 hours or 3,000 hours this
    year, you still get paid $50,000 a year. This means the per-hour cost will decrease the more hours you work
    and will increase the few hours you work. In our example, if you work 100 hours this year, you make $500 per
    hour, which is great. If you work 3,000 hours this year, you only make $16.67 per hour. Remember, you still
    make your same $50,000 per year, but the per-hour rate changes based on the number of hours worked for
    the year.

    Comparison of the differences between managerial and financial accounting.

    ACC 5301, Management Applications of Accounting 3

    UNIT x STUDY GUIDE

    Title

    In the case of variable costs, the total cost will increase or decrease with the level of production. Looking at a
    similar example to fixed costs, if you are paid based on an hourly wage of $20 per hour, you will always get
    paid $20 per hour (assuming no overtime in this example). So your per hour rate will stay the same, but the
    more hours you work, the more you will get paid. If you work only 10 hours a week you will get paid $200 at
    the end of the week. If you work 40 hours a week you will get paid $800 a week. Your total pay will increase
    the more hours you work, but your per-hour rate will remain the same.

    Sunk Costs and Opportunity Costs

    Next, we want to look sunk costs and opportunity costs. Sunk costs are not relevant to current decisions since
    if a section of land was large enough to build your factory and then decided it was not the right time to build.
    the land now that you are thinking about buying land to build your factory this year.

    Opportunity costs are, sometimes, more subjective since these costs look at the value of the benefit given up
    when another alternative is selected. For example, going back to our land purchase, you selected land track A
    rather than land track B to build your factory. Track A was closer to the highway and more expensive than
    track B to purchase. In this case, you are looking at giving up the lower cost track of land in favor of being
    closer to the highway. Being closer to the highway will decrease your shipping costs over time.

    Direct and Indirect Costs

    Direct and indirect costs are the next set of costs identified in managerial accounting used to make decisions.
    Direct costs are directly associated with producing a product or providing a service. For example, the cost of
    the wood and the wages of the workers used to assemble a table would be classified as direct costs. In
    contrast, minor costs such as the small amount of glue used to put the bar code on the finished table for
    tracking purposes would be an indirect cost since it is a very minor part of assembling a table.

    Controllable and Non-Controllable Costs

    ACC 5301, Management Applications of Accounting 4

    UNIT x STUDY GUIDE

    Title

    Finally, we look at controllable and non-controllable costs. For a cost to be controllable, it needs to have
    significant management influence. For example, a production manager can control the hours the
    employees work each week making the tables. However, an example of a non-controllable cost is when that
    same production manager does not have control over the amount the county charges for property taxed on
    the factory.

    Conclusion

    Now that we have defined managerial accounting and the various cost terminology associated with
    managerial accounting information, let's look at some specific examples of how managerial accounting can be
    used to assist managers in making decisions. One example may be to determine if the cost for a particular
    product or service has increased significantly over time. You can also use managerial accounting to
    determine if you should close a division of your company, expand your factory, hire more workers, and more.
    Keep in mind, managerial accounting information is customized to the need or needs of the particular
    manager making the request.

    As stated in the beginning of this lesson, accounting is the language of business, and it takes time and
    practice to become proficient in understanding and using accounting concepts. The more you practice, the
    easier it will become, and soon, you too will be speaking the language of business.

    References

    Gartenstein, D. (2019). What is strategic decision making? https://smallbusiness.chron.com/strategic-

    decision-making-23782.html

    Jiambalvo, J. (2020). Managerial accounting (7th ed.). Wiley.

    https://bookshelf.vitalsource.com/#/books/9781119577706

    Kimmel, P., Weygandt, J., & Kieso, D. (2016). Accounting tools for business decision making (6th ed.). Wiley.

    Suggested Unit Resources

    View the following videos by accessing the Unit I Additional Unit Resources folder in the unit.

    The video What is Managerial Accounting? will give you an overview of what managerial accounting is and
    how it is used to make business decisions.

    You can access a transcript for this video by hovering over the PDF button at the bottom of the video and
    then clicking on the word “Transcript.” Alternatively, you can click on the “cc” button at the bottom of the video
    to turn on closed captions.

    The video Pizza Hut: Managerial Accounting Today will present how managerial accounting is used at Pizza
    Hut to focus on improving company operations. This includes how to determine accurate cost information for
    its products.

    You can access a transcript for this video by hovering over the PDF button at the bottom of the video and
    then clicking on the word “Transcript.” Alternatively, you can click on the “cc” button at the bottom of the video
    to turn on closed captions.

    Learning Activities (Nongraded)

    Nongraded Learning Activities are provided to aid students in their course of study. You do not have to submit
    them. If you have questions, contact your instructor for further guidance and information.

    After watching both videos in the Suggested Unit Resources, you may want to study the Flash Cards for
    Chapter 1 found in the Additional Unit Resources folder to reinforce the material presented in this unit.

    **UnitIIStudyGuide.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unitiistudyguide-pdf-10443811)

    **UnitIIStudyGuide.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unitiistudyguide-pdf-10443811)

    **## ManagementApplicationsofAccountingACC5301UnitIIDB.docx**

    2

    Management Applications of Accounting ACC 5301 DB II

    Post 1: Initial post addressing the discussion board topic is due by the end of day on Saturday.

    •   Your initial post should be at least 300 words in length.

    •   Your initial post should include at least one APA-formatted scholarly, professional, or textbook reference with accompanying in-text citation to support any paraphrased, summarized, or quoted material.

    Do you think both types of accounting—financial and managerial—are necessary to make strategic business decisions? Why, or why not?

    **## UnitIStudyGuide.pdf**

    ACC 5301, Management Applications of Accounting 1

    Course Learning Outcomes for Unit I

    Upon completion of this unit, students should be able to:

    3. Analyze accounting information used to make strategic business decisions.
    3.1 Define managerial accounting.
    3.2 Compare and contrast managerial and financial accounting.
    3.3 Define strategic business decisions.
    3.4 Analyze accounting information.

    Required Unit Resources

    Chapter 1: Managerial Accounting in the Information Age, pp. 1-1 – 1-23

    Unit Lesson

    Introduction

    Welcome to Unit I. Accounting is often referred to as the language of business since it is used, universally, to
    help managers understand the financial aspects of their business. As with learning any new foreign language,
    you need to start with vocabulary, or in the case of accounting, common business and accounting
    terminology. Then you need to become familiar with "rules" or principles/concepts of accounting just like
    learning the grammar rules of a foreign language. As you become more confident with the terminology and
    principles/concepts of accounting, you will find that the work will become easier—just like learning any new
    language.

    In this unit, we are going to define managerial and financial accounting so that you can see the basic
    difference between the two types of accounting information provided and the uses of financial and managerial
    accounting. Next, we are going to define strategic decision-making, and finally, we are going to discuss how
    managerial accounting information, including cost information, is used to make strategic business decisions
    by providing some examples to demonstrate this process.

    Types of Accounting

    Managerial accounting stresses how accounting information can be used internally by managers for planning,
    controlling, and decision-making (Jiambalvo, 2020). Reporting in managerial accounting is often requested for
    a specific purpose. Very detailed reports are prepared when needed, in other words, not necessarily at set
    intervals like monthly or annually. For example, a manager may want to see a report detailing a cost
    comparison between two products or between two divisions of a company to see which product or division
    has been more profitable over the last six months.

    In contrast, financial accounting is primarily used by external users such as banks, stockholders, creditors,
    and regulators. Financial accounting reporting is more general in nature and looks at the business as a whole
    using a very specific format for reporting purposes that follows generally accepted accounting principles
    (GAAP). The information used in financial accounting is prepared on a consistent basis such as monthly or
    quarterly, and the information contained in financial accounting reports is subject to audit by a certified public
    accountant (CPA) (Kimmel, Weygandt, & Kieso, 2016). For example, a company may provide an audited
    income statement, balance sheet, and statement of cash flows to a bank to obtain a loan in order to expand
    its factory or purchase more inventory.

    Below is a comparison table of the differences between managerial and financial accounting:

    UNIT I STUDY GUIDE

    Managerial Accounting
    in the Information Age

    ACC 5301, Management Applications of Accounting 2

    UNIT x STUDY GUIDE

    Title

    Accounting’s Connection to the Mission and Vision

    Strategic decision-making looks at aligning short-term and long-term goals of an organization. This starts with
    a clear understanding of the mission and vision of the company and provides solutions to meet those goals
    (Gartenstein, 2019). For example, if the mission of the organization is to maximize profit, managerial
    accounting information can be used to assist managers at all levels in the planning, controlling, and decision-
    making process to ensure the company is maximizing profits. From a planning perspective, managers use
    accounting information to see where operations may be performing less efficiently than the company would
    expect. The manager can then implement policies as part of the control process based on that information in
    an attempt to eliminate or minimize those inefficiencies. Finally, by looking at managerial accounting
    information, managers can track the outcomes of the changes that were implemented to determine if the
    changes were, in fact, effective in meeting the company's mission to maximize profit.

    Terminology

    As we look at the effective use of managerial accounting information in making decisions, we also need to
    discuss cost terminology. Typically, you may be used to thinking of cost in terms of how much something will
    cost you to purchase a product or service; however, in accounting, costs take on a whole new meaning.
    Remember, we look at costs from the perspective of the company and how much it costs the company to
    make the product or service it is selling. For example, there are variable and fixed costs, sunk and opportunity
    costs, direct and indirect costs, and controllable and non-controllable costs (Jiambalvo, 2020). Each of these
    costs is unique, and understanding their characteristics is essential to ensuring you are making appropriate
    decisions using managerial accounting information.

    Variable Costs and Fixed Costs

    Starting off with variable and fixed costs, these are costs that change in total and per unit or do not change in
    total and per unit as the level of production changes. In the case of fixed costs, for example, if you are a
    salaried employee and make $50,000 a year, it does not matter if you work 100 hours or 3,000 hours this
    year, you still get paid $50,000 a year. This means the per-hour cost will decrease the more hours you work
    and will increase the few hours you work. In our example, if you work 100 hours this year, you make $500 per
    hour, which is great. If you work 3,000 hours this year, you only make $16.67 per hour. Remember, you still
    make your same $50,000 per year, but the per-hour rate changes based on the number of hours worked for
    the year.

    Comparison of the differences between managerial and financial accounting.

    ACC 5301, Management Applications of Accounting 3

    UNIT x STUDY GUIDE

    Title

    In the case of variable costs, the total cost will increase or decrease with the level of production. Looking at a
    similar example to fixed costs, if you are paid based on an hourly wage of $20 per hour, you will always get
    paid $20 per hour (assuming no overtime in this example). So your per hour rate will stay the same, but the
    more hours you work, the more you will get paid. If you work only 10 hours a week you will get paid $200 at
    the end of the week. If you work 40 hours a week you will get paid $800 a week. Your total pay will increase
    the more hours you work, but your per-hour rate will remain the same.

    Sunk Costs and Opportunity Costs

    Next, we want to look sunk costs and opportunity costs. Sunk costs are not relevant to current decisions since
    if a section of land was large enough to build your factory and then decided it was not the right time to build.
    the land now that you are thinking about buying land to build your factory this year.

    Opportunity costs are, sometimes, more subjective since these costs look at the value of the benefit given up
    when another alternative is selected. For example, going back to our land purchase, you selected land track A
    rather than land track B to build your factory. Track A was closer to the highway and more expensive than
    track B to purchase. In this case, you are looking at giving up the lower cost track of land in favor of being
    closer to the highway. Being closer to the highway will decrease your shipping costs over time.

    Direct and Indirect Costs

    Direct and indirect costs are the next set of costs identified in managerial accounting used to make decisions.
    Direct costs are directly associated with producing a product or providing a service. For example, the cost of
    the wood and the wages of the workers used to assemble a table would be classified as direct costs. In
    contrast, minor costs such as the small amount of glue used to put the bar code on the finished table for
    tracking purposes would be an indirect cost since it is a very minor part of assembling a table.

    Controllable and Non-Controllable Costs

    ACC 5301, Management Applications of Accounting 4

    UNIT x STUDY GUIDE

    Title

    Finally, we look at controllable and non-controllable costs. For a cost to be controllable, it needs to have
    significant management influence. For example, a production manager can control the hours the
    employees work each week making the tables. However, an example of a non-controllable cost is when that
    same production manager does not have control over the amount the county charges for property taxed on
    the factory.

    Conclusion

    Now that we have defined managerial accounting and the various cost terminology associated with
    managerial accounting information, let's look at some specific examples of how managerial accounting can be
    used to assist managers in making decisions. One example may be to determine if the cost for a particular
    product or service has increased significantly over time. You can also use managerial accounting to
    determine if you should close a division of your company, expand your factory, hire more workers, and more.
    Keep in mind, managerial accounting information is customized to the need or needs of the particular
    manager making the request.

    As stated in the beginning of this lesson, accounting is the language of business, and it takes time and
    practice to become proficient in understanding and using accounting concepts. The more you practice, the
    easier it will become, and soon, you too will be speaking the language of business.

    References

    Gartenstein, D. (2019). What is strategic decision making? https://smallbusiness.chron.com/strategic-

    decision-making-23782.html

    Jiambalvo, J. (2020). Managerial accounting (7th ed.). Wiley.

    https://bookshelf.vitalsource.com/#/books/9781119577706

    Kimmel, P., Weygandt, J., & Kieso, D. (2016). Accounting tools for business decision making (6th ed.). Wiley.

    Suggested Unit Resources

    View the following videos by accessing the Unit I Additional Unit Resources folder in the unit.

    The video What is Managerial Accounting? will give you an overview of what managerial accounting is and
    how it is used to make business decisions.

    You can access a transcript for this video by hovering over the PDF button at the bottom of the video and
    then clicking on the word “Transcript.” Alternatively, you can click on the “cc” button at the bottom of the video
    to turn on closed captions.

    The video Pizza Hut: Managerial Accounting Today will present how managerial accounting is used at Pizza
    Hut to focus on improving company operations. This includes how to determine accurate cost information for
    its products.

    You can access a transcript for this video by hovering over the PDF button at the bottom of the video and
    then clicking on the word “Transcript.” Alternatively, you can click on the “cc” button at the bottom of the video
    to turn on closed captions.

    Learning Activities (Nongraded)

    Nongraded Learning Activities are provided to aid students in their course of study. You do not have to submit
    them. If you have questions, contact your instructor for further guidance and information.

    After watching both videos in the Suggested Unit Resources, you may want to study the Flash Cards for
    Chapter 1 found in the Additional Unit Resources folder to reinforce the material presented in this unit.

    **UnitIIStudyGuide.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unitiistudyguide-pdf-10443811)

    **## ManagementApplicationsofAccountingACC5301UnitIIDB.docx**

    2

    Management Applications of Accounting ACC 5301 DB II

    Post 1: Initial post addressing the discussion board topic is due by the end of day on Saturday.

    •   Your initial post should be at least 300 words in length.

    •   Your initial post should include at least one APA-formatted scholarly, professional, or textbook reference with accompanying in-text citation to support any paraphrased, summarized, or quoted material.

    Do you think both types of accounting—financial and managerial—are necessary to make strategic business decisions? Why, or why not?

    **## UnitIStudyGuide.pdf**

    ACC 5301, Management Applications of Accounting 1

    Course Learning Outcomes for Unit I

    Upon completion of this unit, students should be able to:

    3. Analyze accounting information used to make strategic business decisions.
    3.1 Define managerial accounting.
    3.2 Compare and contrast managerial and financial accounting.
    3.3 Define strategic business decisions.
    3.4 Analyze accounting information.

    Required Unit Resources

    Chapter 1: Managerial Accounting in the Information Age, pp. 1-1 – 1-23

    Unit Lesson

    Introduction

    Welcome to Unit I. Accounting is often referred to as the language of business since it is used, universally, to
    help managers understand the financial aspects of their business. As with learning any new foreign language,
    you need to start with vocabulary, or in the case of accounting, common business and accounting
    terminology. Then you need to become familiar with "rules" or principles/concepts of accounting just like
    learning the grammar rules of a foreign language. As you become more confident with the terminology and
    principles/concepts of accounting, you will find that the work will become easier—just like learning any new
    language.

    In this unit, we are going to define managerial and financial accounting so that you can see the basic
    difference between the two types of accounting information provided and the uses of financial and managerial
    accounting. Next, we are going to define strategic decision-making, and finally, we are going to discuss how
    managerial accounting information, including cost information, is used to make strategic business decisions
    by providing some examples to demonstrate this process.

    Types of Accounting

    Managerial accounting stresses how accounting information can be used internally by managers for planning,
    controlling, and decision-making (Jiambalvo, 2020). Reporting in managerial accounting is often requested for
    a specific purpose. Very detailed reports are prepared when needed, in other words, not necessarily at set
    intervals like monthly or annually. For example, a manager may want to see a report detailing a cost
    comparison between two products or between two divisions of a company to see which product or division
    has been more profitable over the last six months.

    In contrast, financial accounting is primarily used by external users such as banks, stockholders, creditors,
    and regulators. Financial accounting reporting is more general in nature and looks at the business as a whole
    using a very specific format for reporting purposes that follows generally accepted accounting principles
    (GAAP). The information used in financial accounting is prepared on a consistent basis such as monthly or
    quarterly, and the information contained in financial accounting reports is subject to audit by a certified public
    accountant (CPA) (Kimmel, Weygandt, & Kieso, 2016). For example, a company may provide an audited
    income statement, balance sheet, and statement of cash flows to a bank to obtain a loan in order to expand
    its factory or purchase more inventory.

    Below is a comparison table of the differences between managerial and financial accounting:

    UNIT I STUDY GUIDE

    Managerial Accounting
    in the Information Age

    ACC 5301, Management Applications of Accounting 2

    UNIT x STUDY GUIDE

    Title

    Accounting’s Connection to the Mission and Vision

    Strategic decision-making looks at aligning short-term and long-term goals of an organization. This starts with
    a clear understanding of the mission and vision of the company and provides solutions to meet those goals
    (Gartenstein, 2019). For example, if the mission of the organization is to maximize profit, managerial
    accounting information can be used to assist managers at all levels in the planning, controlling, and decision-
    making process to ensure the company is maximizing profits. From a planning perspective, managers use
    accounting information to see where operations may be performing less efficiently than the company would
    expect. The manager can then implement policies as part of the control process based on that information in
    an attempt to eliminate or minimize those inefficiencies. Finally, by looking at managerial accounting
    information, managers can track the outcomes of the changes that were implemented to determine if the
    changes were, in fact, effective in meeting the company's mission to maximize profit.

    Terminology

    As we look at the effective use of managerial accounting information in making decisions, we also need to
    discuss cost terminology. Typically, you may be used to thinking of cost in terms of how much something will
    cost you to purchase a product or service; however, in accounting, costs take on a whole new meaning.
    Remember, we look at costs from the perspective of the company and how much it costs the company to
    make the product or service it is selling. For example, there are variable and fixed costs, sunk and opportunity
    costs, direct and indirect costs, and controllable and non-controllable costs (Jiambalvo, 2020). Each of these
    costs is unique, and understanding their characteristics is essential to ensuring you are making appropriate
    decisions using managerial accounting information.

    Variable Costs and Fixed Costs

    Starting off with variable and fixed costs, these are costs that change in total and per unit or do not change in
    total and per unit as the level of production changes. In the case of fixed costs, for example, if you are a
    salaried employee and make $50,000 a year, it does not matter if you work 100 hours or 3,000 hours this
    year, you still get paid $50,000 a year. This means the per-hour cost will decrease the more hours you work
    and will increase the few hours you work. In our example, if you work 100 hours this year, you make $500 per
    hour, which is great. If you work 3,000 hours this year, you only make $16.67 per hour. Remember, you still
    make your same $50,000 per year, but the per-hour rate changes based on the number of hours worked for
    the year.

    Comparison of the differences between managerial and financial accounting.

    ACC 5301, Management Applications of Accounting 3

    UNIT x STUDY GUIDE

    Title

    In the case of variable costs, the total cost will increase or decrease with the level of production. Looking at a
    similar example to fixed costs, if you are paid based on an hourly wage of $20 per hour, you will always get
    paid $20 per hour (assuming no overtime in this example). So your per hour rate will stay the same, but the
    more hours you work, the more you will get paid. If you work only 10 hours a week you will get paid $200 at
    the end of the week. If you work 40 hours a week you will get paid $800 a week. Your total pay will increase
    the more hours you work, but your per-hour rate will remain the same.

    Sunk Costs and Opportunity Costs

    Next, we want to look sunk costs and opportunity costs. Sunk costs are not relevant to current decisions since
    if a section of land was large enough to build your factory and then decided it was not the right time to build.
    the land now that you are thinking about buying land to build your factory this year.

    Opportunity costs are, sometimes, more subjective since these costs look at the value of the benefit given up
    when another alternative is selected. For example, going back to our land purchase, you selected land track A
    rather than land track B to build your factory. Track A was closer to the highway and more expensive than
    track B to purchase. In this case, you are looking at giving up the lower cost track of land in favor of being
    closer to the highway. Being closer to the highway will decrease your shipping costs over time.

    Direct and Indirect Costs

    Direct and indirect costs are the next set of costs identified in managerial accounting used to make decisions.
    Direct costs are directly associated with producing a product or providing a service. For example, the cost of
    the wood and the wages of the workers used to assemble a table would be classified as direct costs. In
    contrast, minor costs such as the small amount of glue used to put the bar code on the finished table for
    tracking purposes would be an indirect cost since it is a very minor part of assembling a table.

    Controllable and Non-Controllable Costs

    ACC 5301, Management Applications of Accounting 4

    UNIT x STUDY GUIDE

    Title

    Finally, we look at controllable and non-controllable costs. For a cost to be controllable, it needs to have
    significant management influence. For example, a production manager can control the hours the
    employees work each week making the tables. However, an example of a non-controllable cost is when that
    same production manager does not have control over the amount the county charges for property taxed on
    the factory.

    Conclusion

    Now that we have defined managerial accounting and the various cost terminology associated with
    managerial accounting information, let's look at some specific examples of how managerial accounting can be
    used to assist managers in making decisions. One example may be to determine if the cost for a particular
    product or service has increased significantly over time. You can also use managerial accounting to
    determine if you should close a division of your company, expand your factory, hire more workers, and more.
    Keep in mind, managerial accounting information is customized to the need or needs of the particular
    manager making the request.

    As stated in the beginning of this lesson, accounting is the language of business, and it takes time and
    practice to become proficient in understanding and using accounting concepts. The more you practice, the
    easier it will become, and soon, you too will be speaking the language of business.

    References

    Gartenstein, D. (2019). What is strategic decision making? https://smallbusiness.chron.com/strategic-

    decision-making-23782.html

    Jiambalvo, J. (2020). Managerial accounting (7th ed.). Wiley.

    https://bookshelf.vitalsource.com/#/books/9781119577706

    Kimmel, P., Weygandt, J., & Kieso, D. (2016). Accounting tools for business decision making (6th ed.). Wiley.

    Suggested Unit Resources

    View the following videos by accessing the Unit I Additional Unit Resources folder in the unit.

    The video What is Managerial Accounting? will give you an overview of what managerial accounting is and
    how it is used to make business decisions.

    You can access a transcript for this video by hovering over the PDF button at the bottom of the video and
    then clicking on the word “Transcript.” Alternatively, you can click on the “cc” button at the bottom of the video
    to turn on closed captions.

    The video Pizza Hut: Managerial Accounting Today will present how managerial accounting is used at Pizza
    Hut to focus on improving company operations. This includes how to determine accurate cost information for
    its products.

    You can access a transcript for this video by hovering over the PDF button at the bottom of the video and
    then clicking on the word “Transcript.” Alternatively, you can click on the “cc” button at the bottom of the video
    to turn on closed captions.

    Learning Activities (Nongraded)

    Nongraded Learning Activities are provided to aid students in their course of study. You do not have to submit
    them. If you have questions, contact your instructor for further guidance and information.

    After watching both videos in the Suggested Unit Resources, you may want to study the Flash Cards for
    Chapter 1 found in the Additional Unit Resources folder to reinforce the material presented in this unit.

    **UnitIIStudyGuide.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unitiistudyguide-pdf-10443811)

    – 1
    – 2
    – 3

  • [Solved] Deliverable 02 – Achieving Organization Goals

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    #### **Scenario** Healthy Dynamics have been around for 25 years and has a company-wide strategy in place, but the old strategy has proven to be ineffective of late in generating new ideas and revenue streams. The current plan provides wellness strategies for their clients and a commitment from the …

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    Assignment Prompt & Instructions

    #### **Scenario**
    Healthy Dynamics have been around for 25 years and has a company-wide strategy in place, but the old strategy has proven to be ineffective of late in generating new ideas and revenue streams. The current plan provides wellness strategies for their clients and a commitment from the staff of Healthy Dynamics to deliver high quality, effective customer service and comprehensive wellness strategies. Currently Healthy Dynamics offer its clients the following wellness program components: smoking cessation, health risk assessment, biometric screening, nutrition education, cooking demonstration, and chronic disease prevention education.
    The company is considering either a merger or acquisition to prevent bankruptcy. Both options will result in layoffs, and your department will be affected with an anticipated 80% reduction in staff. You have been assigned to produce a strategic planning model to prevent either of these possibilities. Should Healthy Dynamics take a leap and dive into other healthcare services, such as medical equipment and digital health, or add new components to their wellness program offerings to make it more comprehensive for their clients? Your first steps are to figure out where you think the company should go (vision), what you are hoping to achieve (mission), and then identify how you will move forward (objectives).
    #### **Instructions**
    Compile a PowerPoint presentation using speaker notes  narration that includes a minimum of 5-6 slides (excluding title and reference slides) that include speaker notes
    – A well-defined vision and mission statements that advances your winning idea to increase revenue for the future and drive business success
    – 3-4 Strategic Objectives (What action will you take to achieve the vision and mission?)
    – Follow the “Verb + Adjective + Noun” format
    – Create strategic objective statements. How will you achieve each objective “explaining the objective’s intent and meaning?” (2-3 sentences each)
    Your assignment should include a title page, a reference page, and a minimum of three scholarly sources, two of which must be retrieved from the Rasmussen Library. (ATTACHED)
    CITATION #1
    Kern, H. P. (2018). Integrating Purpose With a Mission Statement: When structured and applied, quality and performance improvement value are created. _Healthcare Executive_, _33_(6), 70–71.
    CITATION #2
    Ip, A., Asamoah-Barnieh, R., Bischak, D. P., Davidson, W. J., Ward Flemons, W., & Pendharkar, S. R. (2016). Using Operational Analysis to Improve Access to Pulmonary Function Testing. _Canadian Respiratory Journal,_ _2016_ https://doi.org/10.1155/2016/5269374
    I UPLOADED THE INSTRUCTOR NOTES
    \
    EBSCO-FullText-11_05_2025.pdf](https://www.sweetstudy.com/files/ebsco-fulltext-11-05-2025-pdf "EBSCO-FullText-11_05_2025.pdf")
    \
    Using_Operational_Analysis_to_.pdf](https://www.sweetstudy.com/files/using-operational-analysis-to-pdf "Using_Operational_Analysis_to_.pdf")
    \
    HSA6300_DEl2_DR_IDES_NOTES11.docx](https://www.sweetstudy.com/files/hsa6300-del2-dr-ides-notes11-docx "HSA6300_DEl2_DR_IDES_NOTES11.docx")
    \
    HSA6300LIVE1ModuleReviewWeeks1-6.docx](https://www.sweetstudy.com/files/hsa6300live1modulereviewweeks1-6-docx "HSA6300LIVE1ModuleReviewWeeks1-6.docx")
    \
    HealthyDymanics_Del2_Dr_Ide.pptx](https://www.sweetstudy.com/files/healthydymanics-del2-dr-ide-pptx "HealthyDymanics_Del2_Dr_Ide.pptx")

  • [Solved] Deliverable 01 – Self-Assessment and Reflection

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    #### **Scenario** Your direct reports will soon be going through Emotional Intelligence training, and all employees will then be asked to complete their annual review in a new format, as a personal development plan. You have been asked to complete this plan in the new format first before submitting …

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    Assignment Prompt & Instructions

    #### **Scenario**
    Your direct reports will soon be going through Emotional Intelligence training, and all employees will then be asked to complete their annual review in a new format, as a personal development plan. You have been asked to complete this plan in the new format first before submitting it to your direct report manager. In completing your personal development plan, you will focus on the areas of Emotional Intelligence for professional and personal development.
    #### **Instructions**
    1. Take the following Self-Assessment: ATTACHED FILE
    2. Utilize the following template to develop a reflection document based on the findings of the self-assessment.  (TEMPLATE ATTACHED)
    – **Be sure to use research from credible scholarly sources to support your answers.**
    – Include the following criterions:
    – What is your area(s) of strength? What is your area(s) of weakness?
    – What area(s) did you find most surprising, and why?
    – What area(s) did you find least surprising, and why?
    – What area(s) can you identify for professional growth and development? Support your answer with your findings.
    #### **Submission Requirements**
    – Deliverable should be a minimum of 4 to 5 pages of content in length. This does not include your title page and/or reference pages.
    – All assignments should be in APA format. Please review the [Writing Lab: APA Style](https://guides.rasmussen.edu/apa) for guidance.
    – The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below:
    – Jstudent_exampleproblem_101504
    \
    Module01APAtemplatepaper.docx](https://www.sweetstudy.com/files/module01apatemplatepaper-docx-10443775 "Module01APAtemplatepaper.docx")
    \
    EmotionalIntelligenceSelfAssessment.docx](https://www.sweetstudy.com/files/emotionalintelligenceselfassessment-docx "EmotionalIntelligenceSelfAssessment.docx")

  • [Solved] Personal and Professional Codes of Ethics

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    In this week's study, you reviewed the [APHA Code of EthicsLinks to an external site.](https://www.apha.org/-/media/files/pdf/membergroups/ethics/code_of_ethics.ashx). Consider it and how you approach ethical questions as you discuss the following: – What are the key aspects of your ethical code (e….

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    Assignment Prompt & Instructions

    In this week's study, you reviewed the [APHA Code of EthicsLinks to an external site.](https://www.apha.org/-/media/files/pdf/membergroups/ethics/code_of_ethics.ashx). Consider it and how you approach ethical questions as you discuss the following:
    – What are the key aspects of your ethical code (e.g., faith, integrity, principles)? Where does your ethical code originate from (e.g., parents, teachers, faith)?
    – Oftentimes, our personal ethics do not fully prepare us to make complex healthcare-related decisions. Does yours prepare you? Pick an area in the APHA code of ethics that you feel would help guide you in a specific healthcare-related ethical dilemma.
    – Be sure to respond to at least TWO of your classmates’ posts.

  • [Solved] Creating an Ethics-Centric Organization

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    ## **Overview** Healthcare leaders face countless ethical issues. In this activity, you will describe ways that public health leaders can effectively promote an "ethics-focused" organizational culture. ## **Instructions** – Provide a 1-page description of 3 ways that public health managers can effec…

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    Assignment Prompt & Instructions

    ## **Overview**
    Healthcare leaders face countless ethical issues. In this activity, you will describe ways that public health leaders can effectively promote an "ethics-focused" organizational culture.
    ## **Instructions**
    – Provide a 1-page description of 3 ways that public health managers can effectively promote an "ethics-focused" organizational culture. Make sure to reference an appropriate academic or professional resource to support your assertions.