Managerial Accounting Assignment (DOC)

Managerial Accounting 1
Managerial Accounting

Managerial Accounting 2
Table of Contents
Executive summary....................................................................................................................3
Introduction................................................................................................................................4
1. Discover academic articles discussing methods of measuring Executive Performance........5
2. Research and discover the corporate goals of each of the companies reviewed....................6
3. Research and discover the means by which the senior managers are having their
performance assessed.................................................................................................................7
4. Discover the performance of the company from a shareholder’s perspective by reviewing
growth (or decline) in each company’s share price and dividends paid....................................8
5. Research commentary on each company’s performance and document a few to enter into
your report..................................................................................................................................9
6. Reflect and COMPARE the information given in the most recent year’s annual reports to
that given 3 years prior.............................................................................................................10
7. Your group should write up your findings AND conclude which of these companies are
being the most transparent and which company is producing the best result for the
shareholders..............................................................................................................................11
8. The GROUP as a whole should then write up a comparison for each of the companies
researched by the individual members.....................................................................................11
9. Finally, draw conclusions on which company’s performance measurement systems are
producing the best results for the shareholders........................................................................12
Conclusion................................................................................................................................14
References................................................................................................................................15

Managerial Accounting 3
Executive summary
Insurance refers to the arrangements made by a company in which the insurer company
provides the guarantee of providing the compensation for the happening of a certain type of
losses that occurs due to certain reasons like illness, death. It is a type of tool that accesses in
managing the risk associated with the finance which provides a facility to the insured person
to transfer the risk of potential loss to the insurer company. The insured person is required to
pay a fixed amount of money in the form of premium to the insurance company. And the
insured company returns the proportionate amount of money on the occurrence of that
particular incident. It has been found that in this report that insurance provides protection to
the general public. Analysing of different aspects related to financial performance of the
different companies has also done in this report.

Managerial Accounting 4
Introduction
The primary objective lie behind the preparation of this report is to develop the understanding
on the ailed service insurance. In this report, several aspects have been covered. Three
different companies having its core business of insurance in Australia have been chosen for
this purpose. These three companies are AMP, IAG and QBE. In this report, financial reports
of these three companies are compared in order to evaluate and compare the various aspects
of the companies. The performance of the companies in respect to shareholders performance
has been evaluated. Along with this, various goals of each of the companies are evaluated.
The performances of the financial report of the company are evaluated. In this report,
financial reports of the companies are evaluated in order to find out find out the price of share
and payments of dividend. And the financial reports of the companies are also compared in
order to evaluate the perspective of the shareholders.

Managerial Accounting 5
1. Discover academic articles discussing methods of measuring Executive Performance
From the last few years, the employment engagement has turn into a subject of enormous
interest in organizations globally. The work force of the organizations has becomes main
sources of competitive benefit for the organizations and research shows that there is
relationship between business performance and employee engagement. All the factors, which
are related to engagement at the workplace, the three main influential, are the skills and
abilities of one’s is fully used or not, the perception whether there is a link between the
company objectives and one’s work and the faith that innovation is encouraged. Managers
can assign employees tasks, which is matched to their abilities and skills (Toplak, et al.,
2013). Encourage or motivate the employee to innovate and complete the task and treat
employees with esteem.
There are various methods of measuring executive performance, which are as follows:
1. Sales performance against target: The Company should evaluate the performance of
executive in terms of numbers of the sales. The high numbers in sales shows that
employee is performing great and helps in increasing the performance of business.
2. Measuring against yourself: It is very important for the employee and for business
too. Executive must compare his performance from the last month and analyze the
factors, which show increase or decrease in the number of sales (Erick, et al., 2014). If
evaluation shows decrease in the sales then executive evaluates that, find the
mistakes, and overcome it. If numbers shows increase in the performance then
executive must understand the factors that why increase in numbers and by which
executive can continues the good performance.
3. Feedback from clients: It is one of the most important tools to evaluate the
performance of executive. Company must take feedbacks from their clients and try to
know the behavior of the executive towards the clients, way of talking, and dressing

Managerial Accounting 6
sense and executive is knowledgeable enough to addressing the product properly to
the client and the answers has been correctly given by the executive to the client
related to the product.
2. Research and discover the corporate goals of each of the companies reviewed.
The corporate goals of each of the companies are as follows:
AMP Goals:
1. Tilt investment to higher growth businesses: The growth investment is being
intentionally titled towards Australian wealth management, AMP Capital and
Amp Bank, and the business lines with the greatest opportunities.
2. Transform: Amp is changing their core Australian businesses to assist their clients
own tomorrow. As AMP packages the true key for its customers to assist them
assemble their goals (Fadun, 2013).
3. Reduce costs: AMP has successfully completed its three years business efficiency
plan at the end of 2016 by delivering $200 million in pretax recurring run rate cost
savings. Company is focusing in reducing the controllable costs.
4. Expand internationally: AMP is growing internationally, mainly through AMP
capital, in high growth possible regions where its skill and capabilities are in
demand. It is doing this by structuring strong joint ventures with national
champion companies in china.
IAG Goals: Their goals are to deliver brilliant customer experiences. Every elements of their
strategy are determined by their customers’ desires. As well as bringing outstanding customer
experiences, company will build IAG as winning as likely so they can reinvest in their
leadership spot. Higher growth from the Asians market and company is making strategies
towards it to achieve it successfully and benefit from the continuing modernization in capital
management (Kendig, et al., 2013).