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HI5017 Managerial Accounting

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HI5017 Managerial Accounting 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 i...

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HI5017 Managerial Accounting 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 5. 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: a. Assignment Cover page clearly stating your name and student number b. A table of contents, executive summary c. A brief introduction or overview of what the report is about. d. Body of the report with sections to answer the sections required and with appropriate section headings e. Conclusion f. List of references. 2. Diagrams and tables clearly labelled and explained. 3. Ensure all materials are correctly referenced. Plagiarism will be severely penalised. 2 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: a) An explanation of ABC model and its features b) An explanation of how ABC model aligns with the current goals and strategies of the company. This explanation should include: i) An identification of the company’s mission and objectives; and ii) An identification of the company’s corporate strategies iii) An explanation of how ABC model assist in achieving the company’s strategies. c) Provide at least two (2) recommendations about the implementation of ABC model for your company based on your research findings. d) Apart from ABC model, suggest one other management accounting tool suitable for your company and justify it.

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Executive summary
This report is about the company named Academies Australasia which is into the education sector. In this report we will discuss the activity based accounting system and its features and why is it so important and prominent for every company. We will then see the mission and vision and corporate governance principles and strategies which are followed by Academies Australasia. We will then discuss which model of managerial accounting the company makes use of and how ABC model would be better for them. After that, we will discuss in brief about the recommendations of how this ABC model can be made use of by the company and in the end, we will discuss one more important tool of managerial accounting which the company can make use of to ensure their cash is being utilized in the proper manner.

Introduction
This report is about the company named Academies Australasia (Academies.edu.au. (2018). The company is basically an education one which offers courses pertaining to English language, accounting , tourism, vocational courses, masters and other related diploma courses in Australia and Singapore. It was started in 1908 and has been in operation for 108 years. It has been listed on Australian stock exchange since 39 years and is one of the oldest education company listed on Australian stock exchange and thus need to make sure to comply with all the financial aspects and regulations of ASX. It offers more than 230 qualifications to its students across various campuses which are available in Australia and Singapore. 

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