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Managerial Accounting
Company Name: Aurizon holdings limited
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".
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