ACCT2102-Intermediate Management Accounting - Accounting Assignment Help

Assignment Task

Task

The purpose of this case study individual assignment is for you to develop an understanding of (i) the organisation that the case is centred on and the broader context (industry, economy etc.) in which it operates; (ii) to identify and discuss management accounting information applications to a key organisational strategy of the firm through the application of the concepts and theories learned in ACCT2102 to the case facts; and (iii) to encourage you to provide reasoned recommendations regarding which management accounting information application to pursue in order to best implement the important strategy of the firm. 

Section 1: Background:

Provide an overview of the salient background information applicable to the case firm. You are required to discuss each point listed below:

• The relevant characteristics of the business. For example, its products/services, strategy, processes, international / domestic sales, and any important stakeholders (if relevant), etc.; 
• Relevant characteristics of the industry in which the business participates. For example,  intensity of competition; customers (retail/commercial), ability to price the product, input prices of production, ability/propensity to recycle materials, supply chain issues, how the industry is changing, regulations (tariffs), price of alternative products, etc.; and
• Relevant general business conditions. For example, economy growing or in recession – inflation, interest rates, ability to borrow. How these might impact customer’s willingness / ability to pay / preferences, ability of new entrants to enter the market, the types of product offerings the firm makes. Include any other relevant information that you deem relevant as important background for the case firm.

Section 2: Management accounting information applications.

For this section and the remaining sections you are to imagine that you are the lead management accountant at Ford. As per the “Integrated Sustainability and Financial Report 2021” and “Annual Report 2021”, Ford’s most material issue is “Electrification and Alternative Fuels/Batteries” (as listed on page 15 of the Integrated Sustainability and Financial Report 2021).

The Board has asked you to identify and explain how management accounting information could be used to help the firm successfully implement this objective of electrification and use of alternative fuels/batteries. They have requested that before their next meeting you identify and discuss three (3) management accounting information applications that might yield useful information for managers so that they can successfully implement this strategy. For example, how and what type of management accounting information could help managerial decision-making in relation to the electrification and use of alternative fuels/batteries strategic direction?

Section 3: Recommendations:

The Board has advised that they can only implement one of your management accounting information applications. You are required to provide recommendations to the Board regarding which one of your management accounting information applications offers the most practical situation in terms of actions that managers can take to successfully implement the “electrification and alternative fuels/batteries” strategy.  

Considerations not limited to e.g., what is the best solution? Why? How can it be implemented? What are the costs and benefits of your proposed three applications? In this section ensure that you COMPARE AND CONTRAST between your three alternatives and explain WHY you arrive at your final choice. 

You should ensure your recommendations are appropriately supported by the analyses and/or discussions you have presented in the earlier sections. You may also consider if there are any limitations to implementing your suggested recommendations, or to your discussion and analysis. 

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