Cost Accounting Assessment - Group Report
Learning outcomes addressed -
a) Discuss various approaches to performance evaluation and control in various types of organisations
b) Devise and evaluate simple indicators of performance.
c) Critically evaluate the uses of managerial accounting information for strategic decision making in various business contexts
Assessment purpose - The assignment is designed to enhance learners' understanding of the roles of managerial accounting in a manufacturing/service company.
Assessment Description:
Students are required to work in a group of 2 - 4 students in the performance of this written report. Students must register for their group with the lecturer during the first three weeks of the trimester and are not allowed to change group members afterward.
Every group for this assignment is required to select a MANUFACTURING/SERVICE SECTOR COMPANY and then write a report to evaluate the roles of managerial accounting in its business operation, by using their latest financial statements (annual reports), company website information, and relevant research materials if necessary. The prescribed textbook for this unit should also be utilized.
- Hint: The selected company can be from Australia, USA, UK, EU, China, Japan or others. The scope and focus of its operation can be local, national or multi-national.
- You have to be clever and pragmatic in selecting the company. It has to be large, substantial and must have the available information for desk research. You are required to explore and collect information on the company to complete this assignment. Additional research is also required for this report.
It is highly expected from you to purport the following perspective of the report:
a) Introduce the selected company:
1. Company's name
2. Establishment year
3. Vision & mission
4. Managerial Highlights
5. Products/Services
6. Key Performance Information
b) Identify and describe the value chain of the company
c) Describe the process of Planning, Controlling and Decision Making in the company.
d) Summarise and present the various types of management accounting information and tools that the company use in their business.
e) Provide recommendation of at least 2 management accounting tools that you believe will be useful for the company and explain the reasons for your recommendation.