Overview of the task
The major assignment task for this subject is a report of a business case study on an actual business organisation, this will require students to find a client / company . The organisation needs to be willing to participate in a review of their business practices with a particular focus on strategic management accounting. There are two parts to the assessment - Part A and later, a Part B. (They are due on Week 6 and Week 10 respectively.)
Examples of areas reviewed may include costing, performance measurements, budgeting, monitoring and control, balanced scorecard strategy map or/and a customer & product analyses. If applicable, the profitability and investments / capital expenditure techniques can be included.
You will be expected to draw on the knowledge and skills that you have gained from the relevant topics studied so far in your subject and course.
Client confidentiality needs to be respected throughout this assignment. You must include in your submission a signed copy of the designated client consent form. (This form would need to be furnished by the Acknowledge Education office.)
This is a Group Assignment, and it is recommended that a team of 4 in each group.
TASK (REPORT- PART A)
Report Part A comprises of 3 main sections.
An Introduction whereby you identify your client (using a pseudonym), a general location of the business, description of the industry in which it operates and an identified business vision and any other relevant information which assists in explaining the client's operating environment. (With client consultation areas of concern can be identified; one which will benefit from your intervention.)
Comment on if there is any industry guidelines, statutory / regulatory reporting requirements for such a business e.g. Hospitality, Food and Beverage, Hotel, Clinics, Aged or Child Care, Retail, Manufacturing, Specialised Industries, Mining etc.
A Literature Review will require you to source readings relevant to the issues you identified with the business selected.
These readings need to be utilised in formulating a solution to the problem identified within the selected business.
Review may be good sources of information. Include a reference list after your literature using APA.
Further to the literature review you are required to outline your review and recommendations, if any. It is using the concepts or illustrations you have learned in this subject to apply in practical sense. This requires making a list of the steps you need to take to arrive at a solution for the business in question. This may include what data you intend to collect, which people you plan to consult, and the interviews you need to conduct and so forth.
REQUIRED
1) Explained if there is any industry, regulatory, or authoritative guidelines and issues impacting management accounting with regards to your Company selected.
2) Explained how you would analyse cost information (costings, expenditure and relevant ratios) within the Company
3) Review and elaborate on possibilities to reduce costs and enhance value and profitability within this Company
4) Explained how you could help improve performance measurement and monitoring in this Company based on what were learned in the subject (customer and product profitability, BSC, EVA, CRM systems, quality management information, supply chain management etc.)
Case - Minimum and maximum transfer prices, international issues
Required:
1. Draw a simple diagram depicting the two divisions and the flow of their products. Also show the two alternatives that the Manila division has in the production of its TCH-320.
2. From the perspective of Gizmo's top management, should any of the TCH-320 units be produced using the HDP? If so, how many?
3. Suppose Wellington transfers 10 000 HDP units per year to Manila. From the perspective of Gizmo's top management, what effect will the transfer price have on the company's profit?
4. What is the minimum transfer price that the Wellington division would find acceptable for the HDP?
5. What is the maximum transfer price that the Manila division would find acceptable for the HDP?
6. As the corporate controller for Gizmo, recommend a transfer price.
Attachment:- Case.rar