Managerial Accounting Assignment Task-

Group Report: "Measuring Performance and Management Control Systems" - A study of Performance Measurement in Australian Public Companies.

Outcomes-

a) Analyse the roles of cost and management accounting in organisation through the analysis of accounting concepts and tools.

b) Evaluate and apply financial and non-financial performance measures and tools used in assessing and rewarding individual and corporate performance.

c) Describe how management control theory and concepts apply to organization settings through the generation of accounting and organization reports.

Task:

Each member of the group is to research the annual report (and corporate website) for one major publically listed Australian corporation. Much of the information you require for management performance measures is likely to be found in the Remuneration Report within the selected Companies' Annual Report.

To give some consistency and a good basis for comparison, your group should focus on companies within the SAME INDUSTRY or having close links. (For example NOT a bank and a retailer.)

The REPORT component-

Each individual group member is to research and write an individual summary report that includes the following:

1. A review of the company's stated Mission and Vision (if these can be found) and research and discover the corporate goals of the organisation. (Review the Chairman and CEO's Statements in the Annual Report and the Corporate Website for this information.)

2. Research and discover the means by which the senior managers (CEO) and top 5-10 executives will usually be listed.

Note - Do not review the remuneration of the board of directors other than the executive members such as the CEO.

3. Discover the performance of the company (use a copy of the share price chart for the past 5 years - minimum 3 years)

4. Research commentary on each company's performance (see newspaper and other reputable financial information sources - all MUST be referenced) and document (cut and paste as referenced materials (use JPEG images of screen grabs/scans etc.) a few (no more than THREE!) to enter into your report.

5. Reflect on what you see in the Annual Report (including the Chairman and CEO's report) and the level of remuneration the major executives have received and compare how the COMPANY views (and reflects its performance) and that of the commentary you have collected (from Q.4).

6. Write up, based on your research of these two sources (Company's own reports versus Outside reports) whether you believe this company IS or IS NOT achieving the performance required to achieve their corporate vision and goals. Comment on whether you see that the measurements used are adequate and/or effective in motivating management and at what level. (E.g. Generally useful, seemingly meeting expectations or achieving great results according to these measures.)

7. The GROUP as a whole should then write up a comparison (analyse, compare AND contrast approaches) for each of the companies researched by the individual members.

8. Finally, draw conclusions on which company's performance measurement systems are producing the best results for the shareholders. (Note - there may be more than one conclusion, e.g. Company A is achieving great results in the short term however Company B appears to be setting a good foundation for growth in the long term.)

Words: 2500.

References: 15 Harvard.

Attachment:- Managerial Accounting Assignment.rar