MAC007A Strategic Management Accounting Assignment

Assignment Help Strategic Management

Reference no: EM133017153 , Length: word count:2500

MAC007A Strategic Management Accounting - Universal Business School Sydney

Learning Outcome 1 a. Develop skills as a professional accountant in order to create, manage and enhance value within organisations through the use of various strategic management accounting tools & techniques;

b. Examine and apply the strategic management process in an organisation and industry, understand value drivers and value chain;

c. Analyse crucially the strategic management cycle and the leadership role of the professional accountants in strategic management;

d. Analyse the characteristics of effective strategic and corporate social responsibility related performance measurement and controls systems; and

Research Case study

Driven by increasing focuses on creating sustainable competitive advantage, the businesses use number of management tools ranging from primary/core activities analysis, SWOT and five forces analysis, outsource and strategic alliances to sustainability as an integral part of supply chain management (SCM) to meet the increasing demand of high environmental and social expectations of various stakeholder groups.

However, it remains an important consideration for a business to balance financial and non-financial performance measures both at the stage of implementing strategy and also at monitoring the organisation performance. To remain on the top of its targets/goals , it is imperative on a business to have a robust tool for implementing, evaluating and monitoring strategy in the form of Balanced Score Card (BSC).

Research Question 1:

Download the annual report of Woolworth Financial Year 2020 and design a balanced score card (BSC) by including suitable goals for each performance perspective, describe suitable measures to support those goals and identify appropriate targets.

Identify key cause and effect linkages within the BSC and explain how these will help drive financial performance improvement at Woolworth.

Research Question 2:

Using the Balance Score Card (BSC) designed for Woolworth in Question 1, discuss how sustainability balanced scorecard could be adapted by Woolworth to ensure that, in addition to economic success, stakeholder fulfilment and social and environmental change are taken into account?

Research Question 3:

Research on Toyota motors and come up with conclusive arguments how Toyota optimises its value chain to achieve continuous improvement. Use Porter's Value chain analysis, total quality management and life costing tools to address the requirement of the question.

Communication skills, structure of the report (executive summary, introduction, body and conclusion), language and references

Attachment:- Management Accounting.rar

Reference no: EM133017153

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