Uncategorized
performance evaluation
- a) Discuss various approaches to performance evaluation and control in various types of organisations
- b) Devise and evaluate simple indicators of performance.
- c) Critically evaluate the uses of managerial accounting information for strategic decision making in various business contexts
Task:
Select a Manufacturing/Service Sector Company and then write a report to evaluate the roles of managerial accounting in its business operation, by using their latest financial statements (annual reports), company website information, and relevant research materials if necessary
It is highly expected from you to purport the following perspective of the report:
- a) Introduce the selected company:
- Company’s name
- Establishment year
- Vision & mission
- Managerial Highlights
- Products/Services
- Key Performance Information
- b) Identify and describe the value chain of the company
- c) Describe the process of Planning, Controlling and Decision Making in the company.
- d) Summarise and present the various types of management accounting information and tools that the company use in their business.
- e) Provide recommendation of at least 2 management accounting tools that you believe will be useful for the company and explain the reasons for your recommendation.