Management accounting in business decision making

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Reference no: EM133301580 , Length: word count:2000

OPM61 International Logistics and Finance

Task - Management and Financial accounting

Learning outcome 1: Acquire knowledge of fundamental concepts in financial accounting and learn how to read, interpret and analyse financial statements

Learning outcome 2: Appreciate the role of management accounting in business decision making

Assessment Task
What are you required to do in this assignment?

Background:

The Chief Operating Officer of DYX Distribution Plc has recently been e-mailed a copy of the Financial Reporting Council report on Improving (ESG) data production, published in August 2022. In the light of this report and recent criticisms from the board that there is a lack of environmental,social and governance (ESG) information available in the organisation, the Chief Operating Officer has asked you to investigate the viability of using Balanced Scorecards within DYX Distribution Plc (DYX).

Required:
Using the Case Studysupporting notes and research into Balanced Scorecards, write a report to the Chief Operating Officer of DYX incorporating;

- A pilot Balanced Scorecard for the Executive Board that would support senior executives strategically and support ESG data production.

- A pilot Balanced Scorecard for the Distribution Division that would support all divisional employees operationally and support ESG data production.

- Based on appropriate academic literature and the context of the case study, critically evaluate the role of Balanced Scorecards as an effective management tool and in ESG data production.

- Based on your findings, recommend if the Executive Board and Distribution Division should use Balanced Scorecards as part of future management control systems.

Financial Accounting (FA)

Using the Case Study, identify a company in the relevant industry and then chose a company from that industry. You should then write a report on that company discussing the financial reporting framework, the critical accounting policies and the financial performance of that company among its peers. For example, Apple would be considered a technology company, you would analyse Apple's financial performance in the technology industry by drawing comparisons with a benchmark or its closest competitor.

Referencing Style - Harvard Referencing

You are required to produce a 2000 word report excluding references/bibliography and appendices. A formal report structure is required with appropriate headings and format suitable for presentation at board level. Balanced Scorecards should be included in the appendices of the report and not included in the word count.The font can be 11 or 12 point.

Reference no: EM133301580

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