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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.
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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