The purpose of the Final Project is to apply the concepts and techniques of the module to the analysis of real-world situations or problems.
1. Assess the budgeting process and procedures for the organisation with regards to preparation techniques, uses for evaluation, differences between business units/divisions, etc.
2. Analyse how the organisation collects, stores, and prepares management accounting information, particularly the use of a management accounting system (MAS) and how information is disseminated throughout the organisation.
3. Evaluate the costing process and procedures of the organisation with respect to method or approach utilised.
4. Assess the capital decision making process within the organisation with regards to what methods are utilised, how such methods are chosen, how projects are selected and managed, and what measures are employed to evaluate performance.
5. Evaluate the criteria or mechanisms used by the organisation for deciding how best to acquire capital and analyse the capital structure of the company.
I have chosen either General Motors or Cable and Wireless [site for cable and wireless is www.cwc.com. Please advise which you can cover? You might be able to cover your company.
Can you include in the appendix the methodology or Balance sheet:
How does the company allocate the capital? What kind of amounts are we talking about? What is happening at the level of a plant?
How often is it controlled? What happens if the division does not reach its budget? What are the most important items of the budget? Etc.
On the other hand you will have a wealth of data on the Balance Sheet, so the capital structure you could discuss in great detail.
Please indicate which company can be covered.