ABC Model of Cost Accounting in ASX Listed Companies

Managerial Accounting

Executive Summary
The present report is developed for providing an in-depth explanation about the use of
ABC model in a selected ASX listed company. The company selected is Wesfarmers Pty Ltd
and the report has discussed in detail about the effectives of the ABC model of cost accounting
in realizing of the company strategies and objectives.

Contents
Introduction................................................................................................................ 4
A. ABC Model and its features.................................................................................... 4
B. Explanation of the ABC model aligning with current goals and strategies of the
Company.................................................................................................................... 6
i. Identification of Company’s Mission & Objectives................................................6
ii. Identification of the Company’s Corporate Strategies.........................................6
iii. Explanation of ABC model in assistance by achieving company’s strategies.....7
C. Recommendations about the Implementation of ABC Model in the Selected
Company.................................................................................................................... 8
D. Use of other Management Accounting Tool Suitable to be Applied in the Company
................................................................................................................................... 8
Conclusion.................................................................................................................. 9
References............................................................................................................... 10