Reference no: EM132379689

ACC 306 Accounting for Strategic Management and Sustainability

Group Assignment (Report - Part B)

Length: About 2000 words

Overview of the task

The major task for this subject is the 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 is two parts to the assessment - Part A and now, Part B.

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 project. You must include in your submission a signed copy of the designated consent form.

This is a Group Assignment and it is recommended that a team of 4 people to form a group.

TASK (REPORT- PART B)

PART B- Issues covered in Part A need not be repeated; but the focus here is on continuation of the same business or selected companyon additional areas: -

REQUIRED

1. Budgeting and Planning - Assuming you are to prepare the financial and operating budgets for the selected company or client; what are the possible areas which would consider as main areas of focus to consider / worked on; some of the main assumptions (consider industry, macro and micro)and the monitoring mechanism and process you would set up.Outline the business strategies of the business (vision, mission etc.) You may also outline the levels and areas of responsibilities considered appropriate for the budget.

2. Sustainability accounting and reporting - Outline practices and the sustainability reporting; or if your client which you which you have selected has not done so; think of ways to implement or improve sustainability accounting.

3. Profitability and Break Evens - Review the business of the client or company; what do you think are the profitability drivers (i.e. main factors that determine profitability), break-even considerations and for any cost/benefit analysis? If applicable; how would you practically consider CVP Analysis in the business. What are the main factors you consider influencing pricing and strategic product mixdecisions?

4. Other Strategic Management Areas- Customers, Suppliers, Inventory and Logistics, Quality Management etc.
• Sales and customers are of paramount importance to any business; outline possible areas of improvements in terms of the company managing its customers (i.e. Customer managementsystems, client satisfaction, or customer analysis etc.).
• For some businesses; managing supply chain and inventory management is critical for the success of the business; outline any supply chain or logistics improvement that can be made (including ordering of goods or services).
• Briefly describe the four types of quality costs; and highlight one of each type in your client business

Attachment:- Accounting for Strategic Management and Sustainability.rar