Managerial Accounting of B&C Australia : Report

Added on - 21 Jul 2020

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MANAGERIAL ACCOUNTING
Table of ContentsINTRODUCTION...........................................................................................................................1A- Description of Bain and Company.............................................................................................1B- Description of the TDABC and its features................................................................................2C- TDABC is different from Activity based costing and Traditional costing system.....................3D- Discussion on whether the TDABC is suitable for the Bain and Company...............................5Conclusion.......................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONTDABC is useful and important for the management consultancy firm such as Bain andCompany. The introduction includes the description of Bain and Company in order to find out itswork and features effectively. The description of the TDABC and its features are also evaluatedefficiently. In some ways the TDABC is different from Activity based costing and Traditionalcosting system is also described. The description upon TDABC whether it is suitable for the firmor not is also included.A- Description of Bain and CompanyThe people of Bain and Company works collaboratively as a single team in threebranches of the firm located in Australia. Bain and Company Australiaestablishedits firstbranch in Sydney in 1989 to provide essential and pacificreportfor Bain's globalcustomers.Since then, Bain and Company expanded its firm to Perth and Melbourne to help bothmultinational organisations and local businesses throughout New Zealand, Australia and on thefar side. The people and unique culture of B&C Australia differentiate it from any other businessconsulting firms. Bain services clients from 55 offices in 36 different countries but workstogether as a team. The firm is also awarded for 2018 Best place to work.People shares clients, aspirations andpresenttrue results:B&C was established onthe principles thatadvisorswilldeliver measurable and sustainableoutcomesinstead ofjust making report forcustomers. Experts from Australia share thepassionatenesstowardsoutcomesand bring adifferentset of business experience, skills, freshperspectives andbusinesspersonfeelingto eachcustomerengagement effectively andefficiently (Aboody, Levi, and Weiss, 2017). The approach is to use data and analyses fordevelopment and execution of strategies to accomplish lasting results for the clients intheir businesses.People are most important asset for B&C:The people pride themselves on theirqualityto attract andkeepthebestability. Bain andCompanyAustraliarecruitpeoplewith intelligence, ambition and integrity to make adeviation. The firm attractsengineering and law grads, liberal arts students, commerce and peoplewho haveexperience of industryfrom all around theworld-wide. Staffing, Mentoring, professionalimprovementand training programs arecoordinatedamong offices at Australia.1
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