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HI5017 Managerial Accounting ABC Model

BSBRSK501 Manage Risk Answers

HI5017 Managerial Accounting

ABC Model

Trimester 1 2018

Individual Assignment

Assessment Value: 20%

Instructions:

  1. This assignment is need to be submitted in accordance with assessment policy stated in the Unit Outline and Student Handbook.
  2. It is the responsibility of the student who is submitting the work, to ensure that the work is in fact her/his own work. Incorporating another’s work or ideas into one’s own work without appropriate acknowledgement is an academic offence. Students should submit all assignments for plagiarism checking on Blackboard before final submission in the subject. For further details, please refer to the Subject Outline and Student Handbook.
  3. Maximum marks available: 20 marks
  4. Assignment should be of 2,000 words. Please use “word count” and include in report. Presented in Calibri font size 12
  1. Due date of submission: Week 10, Friday at 5.00 p.m.

Format of the Report

  1. You at least should have the following details:
  2. Assignment Cover page clearly stating your name and student number b. A table of contents, executive summary
  3. A brief introduction or overview of what the report is about.
  4. Body of the report with sections to answer the sections required and with appropriate section headings
  5. Conclusion
  6. List of references.
  7. Diagrams and tables clearly labelled and explained.
  8. Ensure all  materials  are  correctly  referenced.  Plagiarism  will  be  severely penalised.

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:

  1. a) An explanation of ABC model and its features
  2. b) An explanation of how ABC model aligns with the current goals and strategies of the company. This explanation should include:
  3. i) An identification of the company’s mission and objectives; and
  4. ii) An identification of the company’s corporate strategies

iii)       An explanation of how ABC model assist in achieving the company’s strategies.

  1. c) Provide at least two (2) recommendations about the implementation of ABC

model for your company based on your research findings.

  1. d) Apart from  ABC  model,  suggest  one  other  management  accounting  tool suitable for your company and justify it.
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