Why management accountants need to understand the strategy

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Reference no: EM133210070

Question: Provide all necessary background information of coles group limited (col) (i.e., name, sector, market capitalisation, main products and other information that you consider necessary).

- identify and discuss the vision, mission statement, objectives and strategies of the company of your choice. Although not all companies may specify vision and mission statements, students are expected to develop the vision and mission statement for your case company based on the information obtained from your research about the company. You are not expected to be an expert in the company nor in writing vision and mission statements but should be reasonable based on your study of the concepts in the unit and research for this assessment.

- based on what you have learnt from the unit and the textbook/ relevant readings, explain why management accountants need to understand the strategy of their company, and the resulting ramifications if the management accountant fails to do so in the company of your choice.

- in the context of the company of your choice, discuss the major cost classifications with specific examples and how such classifications are related to (and facilitates the company to achieving) the organisational strategies of the company of your choice. with full references

Reference no: EM133210070

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