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Strategic Management Accounting assignment
Key points & Direction of the assignment:
Please clearly read the background information on the imaginary organization, General Information; Guidance and Marking Guide which provided by the school (Total 4 pages as per attached).
**The report must quote reference**.
1) Have a page stating the company name.
2) Content
3) Short Executive Summary (not more than 1 page) and around 950 words for each questions (Total about 3,000 words, plus or minus 5%) 4) To produce a Report to the directors which addresses the following Three questions.
Don’t write “Direct Material” caused the company is a service provider under the service industry and assume no stocks
Question 1:
What are the key roles which a strategic management accountant would undertake in an organization such as Jessup?
Suggestion:
- Please refer to the enclosed file (1 page only) which provided the CIMA definition of what is Strategic Management accounting and details role of Management Accountancy. - Given the situation of the company, Jessup Ltd.
- What the Strategic Management Accountant should focus on (at least quote 4-5 areas of key roles to answer this question). - E.g. Budget, Management Controlling system, Planning……… - Variances
- Elaborate on what the Strategic Management Accountant can do. - According to the needs of Jessup Ltd
- Jessup Ltd is a growing fast company, they need to have a better planning….. - Functions
Question 2:
What is meant by the terms relevant and irrelevant costs and revenues in Strategic Management Accounting decision making? Include several small numerical examples in your answer.
Suggestion:
1) Short definition of relevant and irrelevant costs and revenues.
2) Explain and quote some small numerical examples (must provide evidence to support your findings)
3) Suggested to set up a scenario to make the Investment decision...
Key points & Direction of the assignment:
Please clearly read the background information on the imaginary organization, General Information; Guidance and Marking Guide which provided by the school (Total 4 pages as per attached).
**The report must quote reference**.
1) Have a page stating the company name.
2) Content
3) Short Executive Summary (not more than 1 page) and around 950 words for each questions (Total about 3,000 words, plus or minus 5%) 4) To produce a Report to the directors which addresses the following Three questions.
Don’t write “Direct Material” caused the company is a service provider under the service industry and assume no stocks
Question 1:
What are the key roles which a strategic management accountant would undertake in an organization such as Jessup?
Suggestion:
- Please refer to the enclosed file (1 page only) which provided the CIMA definition of what is Strategic Management accounting and details role of Management Accountancy. - Given the situation of the company, Jessup Ltd.
- What the Strategic Management Accountant should focus on (at least quote 4-5 areas of key roles to answer this question). - E.g. Budget, Management Controlling system, Planning……… - Variances
- Elaborate on what the Strategic Management Accountant can do. - According to the needs of Jessup Ltd
- Jessup Ltd is a growing fast company, they need to have a better planning….. - Functions
Question 2:
What is meant by the terms relevant and irrelevant costs and revenues in Strategic Management Accounting decision making? Include several small numerical examples in your answer.
Suggestion:
1) Short definition of relevant and irrelevant costs and revenues.
2) Explain and quote some small numerical examples (must provide evidence to support your findings)
3) Suggested to set up a scenario to make the Investment decision...
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