Assignment of Managerial Accounting
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Added on 2020-04-07
Assignment of Managerial Accounting
Added on 2020-04-07
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Running head: MANAGERIAL ACCOUNTING Managerial AccountingName of the Student:Name of the University:Author Note:
MANAGERIAL ACCOUNTING2Executive Summary The main aim of the assignment is to explain the elements that are present in PWC ValueFramework and link with the company named as Akzonobel. The PWC Model helps in gatheringfacts about the strategy, resources, relationships as well as performance of Akzonobel. Thecompany in this study is based in Netherlands for detailed analysis purpose. In accordance to themodel, the organizational health as well as performance can be properly studied. There are 17elements present in the PWC Value Framework where each element signifies aboutcomprehensiveness and accessibility for better analysis purpose.
MANAGERIAL ACCOUNTING3Table of ContentsIntroduction......................................................................................................................................3Company Background.....................................................................................................................3Comprehensiveness for 17 elements- The PWC Value Framework...............................................4Organizational Health......................................................................................................................4Strategy:...........................................................................................................................................4Objectives........................................................................................................................................4Comprehensiveness.....................................................................................................................4Accessibility................................................................................................................................4Business Model................................................................................................................................5Comprehensive............................................................................................................................5Accessibility................................................................................................................................5Governance......................................................................................................................................6Comprehensiveness.....................................................................................................................6Accessibility................................................................................................................................7Risk..................................................................................................................................................8Comprehensiveness.....................................................................................................................8Accessibility................................................................................................................................9Remuneration...................................................................................................................................9Comprehensiveness.....................................................................................................................9
MANAGERIAL ACCOUNTING4Accessibility..............................................................................................................................11Resources and relationships...........................................................................................................12Financial assets..............................................................................................................................12Comprehensiveness...................................................................................................................12Accessibility..............................................................................................................................12Physical assets...............................................................................................................................13Comprehensiveness...................................................................................................................13Accessibility..............................................................................................................................14Customers......................................................................................................................................14Comprehensiveness...................................................................................................................14Accessibility..............................................................................................................................15People and culture..........................................................................................................................15Comprehensive..........................................................................................................................15Accessibility..............................................................................................................................15Innovation- G & S.........................................................................................................................16Comprehensive..........................................................................................................................16Accessibility..............................................................................................................................16Brands and IA................................................................................................................................17Comprehensiveness...................................................................................................................17Accessibility..............................................................................................................................17
MANAGERIAL ACCOUNTING5Process and Supply chain..............................................................................................................18Comprehensive..........................................................................................................................18Accessibility..............................................................................................................................18Organizational Performance..........................................................................................................18Operational....................................................................................................................................18Comprehensiveness...................................................................................................................18Accessibility..............................................................................................................................19Economic.......................................................................................................................................19Comprehensiveness...................................................................................................................19Accessibility..............................................................................................................................20Social.............................................................................................................................................20Comprehensiveness...................................................................................................................20Accessibility..............................................................................................................................21Environmental................................................................................................................................21Comprehensiveness...................................................................................................................21Accessibility..............................................................................................................................21Segmental......................................................................................................................................22Comprehensiveness...................................................................................................................22Accessibility..............................................................................................................................23Nature of materiality......................................................................................................................23
MANAGERIAL ACCOUNTING6Conclusion.....................................................................................................................................23Reference List................................................................................................................................25
MANAGERIAL ACCOUNTING7Introduction This study deals with four type of information that every company need for competingwith other companies (Williams, 2014). This information includes external drivers, strategy,performance as well as resources and relationships. Each of the information is composed ofdifferent specific elements in the PWC Value Framework that guides management for analyzingthe organizational health as well as organizational performance. In addition, each of the 17elements had been evaluated in terms of comprehensiveness as well as accessibility for findingorganizational health and organizational performance of Akzonobel in Netherlands(Akzonobel.com, 2017). Company Background Akzonobel is one of the Dutch Multinational Company that helps in creating everydayessentials (Akzonobel.com, 2017). This particular company operates in the chemicals industryand leads as a global paints as well as performance Coatings Company that supplies essentialingredients, essential color to industries and consumers in and across the world. Akzonobel wasfounded in the year 1994 and headquartered in Netherlands. Akzonobel operates in three mainbusiness areas and corporate functions that have equal business responsibility and autonomy inaction.
MANAGERIAL ACCOUNTING8Comprehensiveness for 17 elements- The PWC Value Framework Organizational Health Strategy: Objectives Comprehensiveness On analysis, it is found out that the major strategic objective of Akzonobel is to carry thesupportable progress in form of earnings that takes place from expanded selection as it iscomprised by layouts and products. The company had set out list of comprehensive targets thatwill be achieved by the year 2030 as it covers main three areas such as economic, environmentalas well as social that complies with sustainable development. The main goals of Akzonobel is toachieve strategic advantages by taking into account the capabilities or in other term production ofthe business for developing good business residency in a challenging, safe and pleasing settingfor their personnel as well as enhancing the valuation of stakeholders of business enterprise(Wild, Shaw and Chiappetta, 2012). Accessibility It is important to understand the fact that the strategic objectives of the company namedas Akzonobel can be easily accessed by looking at the integrated report of the business for theyear 2016. Here, the main objectives are already mentioned in the form of list that aligns with theobjectives where the company has to face any risks or challenges for attainment of futureobjectives of the firm. However, the strategic objectives of Akzonobel can be easily accessed for
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