Management Decisions and Control
This task relates to the following subject objectives:
Critically analyse the institutional, organisational and individual influences on management accounting systems
Form professional judgments about the appropriateness of the design and operation of management accounting systems
Apply theory to design management accounting systems in real-world organisational contexts
This assessment also enables the evaluation of the following program objectives:
Convey information clearly and fluently in high quality written form appropriate for their audience (3.1)
Substantive content (15 marks):
Describe the nature your chosen criterion, and explain its relevance to performance measurement. Your essay should provide the reader with a clear understanding of what your chosen criterion means in relation to performance measurement, (e.g. what does ‘valid’ performance measurement mean?) and why this is an important consideration. Your essay should contain references to relevant academic literature about your chosen criterion.
1.Explain how organisations can achieve good performance by use of cost efficiency as a this criterion in designing performance measures. Youur essay should provide clear insight into how managers can ensure performance measures meet this criterion (e.g. how can they ensure valid performance measurement). Your answerur essay should contain at least 3 references to the relevant academic literature supporting your arguments.
Illustrate using real-world examples. You should illustrate your essay with examples from the real-world. You may choose to refer to a single detailed example or several smaller examples. Your examples do not have to be limited to corporate business settings but can extend to anything relevant to performance measurement. Your ‘real-world’ example/s are not to be from peer reviewed journal articles or educational cases.
Form and structure (5 marks):
Written communication. Your essay should be written so that it easy to read and understand; structured so that it is coherent, logical and well sequenced; and presented so that it is professional, polished and appropriate for its audience. It should conform to the formatting instructions (provided) and the UTS Business referencing conventions.
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