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Managerial Accounting : Solved Assignment

   

Added on  2021-06-14

15 Pages2731 Words46 Views
Managerial AccountingAustralian Pharm
Managerial Accounting : Solved Assignment_1
Managerial Accounting 1Executive summary Management accounting information is referred to as the computer-based method that is used by the companies for tracking the accounting activities in conjunction with the information technology resources. This report is based on the activity-based costing model that is used by oneof the ASX listed company that is Australian Pharm. This report includes the details related to the ABC model and its features. Along with this, the report reflects the alignment of the activity-based costing model with the goals and strategies of the company. In the end, it also includes onemanagement accounting tool that can be used by the company.
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Managerial Accounting 2ContentsIntroduction......................................................................................................................................3Overview of company..................................................................................................................3Activity-based costing model..........................................................................................................4Features of Activity-based costing method.....................................................................................5ABC aligns with goals and strategies..............................................................................................6The mission of company..............................................................................................................6Value of the company..................................................................................................................6Objectives of company................................................................................................................6Strategies of the company............................................................................................................7ABC model assist in achieving the company’s strategies...............................................................7Investment....................................................................................................................................7Logistics.......................................................................................................................................8Marketing of the products............................................................................................................8Innovation in the products and services.......................................................................................8Recommendations..........................................................................................................................10Suggestion for management accounting tool.................................................................................11Conclusion.....................................................................................................................................12References......................................................................................................................................13
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Managerial Accounting 3Introduction The aim of the report is to talk about the activity-based costing method which is generally used by the company for improving the management of the accounting information. Australian Pharm Company hired a new member as a board of Directors of the company who can provide the details related to the way through which the ABC model can bring the improvement in the management of the accounting information available to its top management team which includes CEO and senior managers. This report provides the recommendation of the ABC model to the Australian Pharm company.Overview of company Australian Pharm is the parent company of Priceline Pharmacy, Pharmacist Advice, and Soul Pattinson Chemist. The company offers the whole product delivery, retail services, marketing programs and business advisory services (API, 2018). The company currently celebrated its 105 birthday. Moreover, over the years the company is growing from a small co-operative of the 3 pharmacists to the MNC which is now one of the Australia leading beauty and health companies.The company started the business from a small home in Sydney and expanded the business across Australia (API, 2018).
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