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Background:
You have been hired by the Board of Directors of your chosen company (ASX Listed) to explain how ABC model can improve the management accounting information available to its top management team (i.e. CEO and senior managers).
Required:
You are required to prepare a report to recommend about ABC model for your company. The report should cover the followings:
a) An explanation of ABC model and its features
b) An explanation of how ABC model aligns with the current goals and strategies of the company.
This explanation should include:i) An identification of the company's mission and objectives; andii) An identification of the company's corporate strategiesiii) An explanation of how ABC model assist in achieving the company's strategies.
c) Provide at least two (2) recommendations about the implementation of ABC model for your company based on your research findings.
d) Apart from ABC model, suggest one other management accounting tool suitable for your company and justify it.
Verified Expert
The assignment involves analysis of the Activity based costing as a method for replacing the traditional costing methods and how the ABC can be used to analyse the costs of manufacturing of the products to undertake right pricing of the products in the long term to make sure the products are more competitive for the company many selected for the assignment. The paper is prepared in Microsoft word with Harvard referencing".
Managerial Accounting Assignment 2000 words using Calibri font size 12 For the cover page Student ID -ENE3300 Name - Malru Ekanayakeb. Atableofcontents,executivesummary c. A brief introduction or overview of what the report is about. d. Body of the report with sections to answer the sections required and with appropriate section headings e. Conclusion f. List of references - Harvard Referencing Diagrams and tables clearly labelled and explained. USE AUSTRALIAN SECURITY EXCHANGE LISTED COMPANY *ABC model - Activity based costing
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