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Managerial Accounting Report | PWC Framework

   

Added on  2020-04-07

28 Pages3845 Words68 Views
Running head: MANAGERIAL ACCOUNTING Managerial AccountingName of the StudentName of the UniversityAuthors NoteCourse ID

MANAGERIAL ACCOUNTING1Executive summary: The value framework of the PWC offers the internal and the external decision making thatoften demands a complete and related set of information to derive sustainable value creationand enable decision making concerning the present performance of the organization and itsfuture prospects. The current study offers assessment of the nature and quality of the Skanskaperformance in the areas of the organizational health and organizational performance asdefined under value framework of the PWC. In order to analyse the performance of theSkanska the annual report of 2016 is considered to determine each elements of the frameworkto measure the qualitative and quantitative performance. The report will also measure thecomprehensiveness along with the accessibility of the disclosure that is made in the report.The outcome of the study provides in depth and breadth disclosure in consistent with theframework of the PWC. Performance has been discussed in the areas of; Strategic Elements a.Strategy b.Business models c.Governance d.Risk Performance Elements a.Economic b.Segmental Alignment to the PWC integrated reporting frameworkThe study also aligns with the PWC integration-reporting framework from the annual reportof 2016, which is incompliance with the organizational health and performance elements.

MANAGERIAL ACCOUNTING2Table of ContentsIntroduction:...............................................................................................................................4Value Framework Elements: Strategy and Objectives:.............................................................4Strategy Business Model:...........................................................................................................6Strategic Governance:................................................................................................................7Strategy: Risk management:......................................................................................................8Strategy Remuneration:............................................................................................................10Resources and relationships: Financial Assets:........................................................................11Resource and Relationships: Value framework elements: Customers:...................................13Resource and relationship: People and Culture:......................................................................14Resources and relationships: Innovation..................................................................................15Resources and Relationships: Brands and intellectual assets..................................................17Resources and Relationships: Internal Process and Supply Chain:.........................................17Performance: Economic Performance:....................................................................................18Performance: Operating Performance:.....................................................................................20Performance: Social performance:...........................................................................................21Performance: Environmental Performance..............................................................................22Performance: Performance of Segment:..................................................................................23Conclusion:..............................................................................................................................25Reference List:.........................................................................................................................26

MANAGERIAL ACCOUNTING3Introduction: The current report is based on the assessment of the PWC value framework ofSkanska. The report will examine the annual report of the company based on the areas ofexternal drivers, strategy, resources and relationships and performance. The report will alsoprovide the in depth of the organizational health along with the current performance of theorganization. The report will highlight that performance information forms the vital factorsand elements to support the decision making structure of the organization with appropriateaccountability. Value Framework Elements: Strategy and Objectives:Report Extract: Page 3Reporting critique: Reporting characteristics that helps in driving strategic and objective frameworkelements: a.Clear incorporation of the strategic goals and objectivesb.Short term, medium term and long term targets Extensiveness and accessibility:

MANAGERIAL ACCOUNTING4Skanska strategy is on track of delivering higher performance each year with theobjective of business plan by positioning its business for success in the upcoming years. Theobjective of Skanska can be accessed systematically and it is has been communicated interms of both qualitative and quantitative approach in the financial statements of 2016(Skanska.com, 2017). Furthermore, the chief executive officer of Skanska has provided a detailed analysisof the strategy in page number 3 under the section of CEO strategic review and the strategyof the firm is linked with the strong values and committed people for rendering excellence inthe business operations. Comprehensiveness: The CEO strategic review is associated with the growth strategy, shareholders growth andfinancial model by reporting in the areas of a.Macro-economic market overview b.Customer value creation c.Continued focus on the working capital d.Operational efficiency Apart from emphasising on the preceding year performance, the CEO also providesqualitative outlook of the controlled business growth. The CEO also provides systematicenvironmental management regarding the certifications of the operations to the internationalmanagement standard. Overall conclusion:The annual report of Skanska for the year 2016 evidently provides the descriptions ofthe organizations strategic goals and objectives through appropriately formatted and

MANAGERIAL ACCOUNTING5straightforwardly understandable reporting. It can be stated that the qualitative andquantitative information provides a correlation with the business objectives and the overallpresentation of the information is considered to be good. Strategy Business Model:Report extract: Page 7 Report Critique: The business of the company reflects the method through which it creates value andfactors that are interrelated with the construction of revenue and project development (Smith,2015). Accessibility: The Skanska business model relating to the performance information is found in onepage under the heads of Business Model at the beginning of the 2016 annual report(Skanska.com, 2017). Therefore, the information to the business model can be accessed withthe help of the contents under the heads of “Business Model”. The model is clearly formatted

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