Q/ You are to critically analyse and evaluate the organisation's management accounting and management information (MI) practices. You should focus on their overall effectiveness given the latest trends and you should be analytical in your stance and approach to provide recommendations of best practice. It would help your report gain credibility if you are able to compare the practices of the organisation to others operating within the same industry as part of your analysis.
Your report should:
*Identify principles and trends in the performance measurements and controls in the company and compare with the wider industry.
*Determine and evaluate the effectiveness of the company's performance measurements and management information (M.I)
*Discuss and evaluate the economic benefit of budgeting to the company and any considerations thereof.
*Evaluate the overall role/s of management in performance management
*Outline and evaluate effective approaches to management control.