Reference no: EM132341023
TASK (REPORT- PART A)
Report Part A comprises of 3 main sections.
An Introduction whereby you identify your client (using a pseudonym), a general location of the business, description of the industry in which it operates and an identified business vision and any other relevant information which assists in explaining the client's operating environment. (With client consultation areas of concern can be identified; one which will benefit from your intervention.)
Comment on if there is any industry guidelines, statutory / regulatory reporting requirements for such a business e.g. Hospitality, Food and Beverage, Hotel, Clinics, Aged or Child Care, Retail, Manufacturing, Specialised Industries, Mining etc.
A Literature Review (3 Marks) will require you to source readings relevant to the issues you identified with the business selected.
These readings need to be utilised in formulating a solution to the problem identified within the selected business.
Review may be good sources of information. Include a reference list after your literature using APA.
Further to the literature review you are required to outline your review and recommendations, if any. It is using the concepts or illustrations you have learned in this subject to apply in practical sense. This requires making a list of the steps you need to take to arrive at a solution for the business in question. This may include what data you intend to collect, which people you plan to consult, and the interviews you need to conduct and so forth.
REQUIRED
1) Explained if there is any industry, regulatory, or authoritative guidelines and issues impacting management accounting with regards to your Company selected.
2) Explained how you would analyse cost information (costings, expenditure and relevant ratios) within the
3) Review and elaborate on possibilities to reduce costs and enhance value and profitability within this Company
4) Explained how you could help improve performance measurement and monitoring in this Company based on what were learned in the subject (customer and product profitability, BSC, EVA, CRM systems, quality management information, supply chain management etc.)
Case : Environmental performance indicators: sustainability reporting: Insurance company
Required:
1. Explain what is meant by sustainability reporting and why a publicly listed insurance company like WealthWise may adopt this approach.
2. Consider the list of key performance indicators used by WealthWise. Explain how these measures could used to help achieve the mission.
3. Suggest alternative performance measures that could be included in the performance measurement System to assist WealthWise to achieve its mission.
4 Write a report to the chief executive officer explaining what steps she can take to encourage staff to behave in a way that supports sustainability. Specifically, explain to her how the performance measurement system could be used in a balanced way to support the achievement of the company's goals.