ACC702 Research on Managerial Accounting in Insurance Sector

Running head: MANAGERIAL ACCOUNTING
Managerial Accounting
Name of Student:
Name of University:
Author’s Note:

1MANAGERIAL ACCOUNTING
Executive Summary
The main considerations of the study is intended to analyse the various types of the concepts
which is seen to be related to addressing the various types research articles to state and comprise
of the roles of the cost management system with the use of specific tools. The selected research
industry has been seen to be done with insurance sector. Some of the companies selected from
these sectors have been seen in terms of AMP, IAG and QBE. The various type scope of the
study has been seen to include the different types of the concepts of the report which has been
seen to be report on the exiting issues of the financial and the non-financial performance measure
tools in terms of assessing and rewarding the individuals based on the corporate performance.
The process of the management to control the various types the performance has been further
seen to be associated to the various theories applicable to the organisation in the accounting of
the reports and organisational reports. Based on the remuneration report of IAG, it has been
discerned that there has been total improvement in the remuneration of the company by 12%-
15%.The remuneration of the company has been further seen to be associated to provide the
remuneration to the new CEO with 200% as per the maximum opportunity which has been seen
to be related to the various types of the consideration which has been based on the maximum
face value for PSP. The fixed remuneration of the CFO of IAG has been seen to be discerned as
€675,000 in 2017 and €23,000 in 2016. For CEO of AMP did not receive any incentive results
based on the performance of the AMP in the year 2016. The STI reward for the year 2016 stood
zero and not any of the performance right were provided in the 2014 LTI reward for AMP vest in
the REO performance.On the other hand, for QBE Insurance remuneration fixed remuneration of
the group CEO and remained unchanged for 2014 at A$2,100,000. The mix of the total amount
of remuneration represents the executive ability in order to influence the QBE’s financial result,
hence the range is varying in nature.

2MANAGERIAL ACCOUNTING
Table of Contents
Introduction......................................................................................................................................3
Literature review..............................................................................................................................4
Discussion........................................................................................................................................7
Recommendations..........................................................................................................................14
Conclusion.....................................................................................................................................15
References......................................................................................................................................17

3MANAGERIAL ACCOUNTING
Introduction
The report aims to analyse the various types of the concepts which is seen to be related to
addressing the various types research articles to state and analyse the roles of the cost
management system with the use of specific tools. The various type scope of the study has been
seen to include the various types of the concepts of the report which has been seen to be report
on the exiting issues of the financial and the non-financial performance measure tools in terms of
assessing and rewarding the individuals based on the corporate performance. The process of the
management to control the various types the performance has been further seen to be associated
to the various theories applicable to the organisation in the accounting of the reports and
organisational reports.
The selected research industry has been seen to be done with insurance sector. Some of
the companies selected from these sectors have been seen in terms of AMP, IAG and QBE.
Some main aspects of the report have been addressed with the goal congruence, performance
measuring systems and financial measurement system. Some of the other aspects of the report
has been seen with the executive pay along we with the balanced score card, executive
remuneration, CEO performance, ownership, executive remuneration, along with various types
of the cash Vs. short term, long term, fixed equities. The main consideration of the report has
been seen to be included based on the share price report.
The literature review of the report has been seen to be discerned based on the evaluation
such as goal congruence, motivation, remuneration, balance score card and various types of the
other information taken from the company. The discussion of the report has included comparison
of the remuneration system. The latter part of the discussion has been further able to show the