Advanced Management Accounting (HU) assignment 2015
Individual Assignment: 2500 words (50%) This will be a project
related to Management Control Systems – the
use of Financial and Non-financial Performance Measures. Further details below and on the module website.
Due date : 23
October 2015 Group B; 30 October 2015 Groups A and C.
Individual Assignment Task:
Assignment title:
Management Control Systems – the use of Financial and Non-financial
Performance Measures
Managers in companies have
always employed financial and non-financial performance measures (FPMs and
NFPMs) to judge and guide their progress.
However it would appear that over the last 20 years greater emphasis has
been placed on non-financial measures.
Required:
Briefly explain and
illustrate FPMs and NFPMs with an example from a company.
Discuss the possible
reasons for this trend of greater emphasis on NFPMs.
Critically discuss the
benefits that may accrue from a focus on NFPMs, compared to FPMs and the
problems and difficulties that may arise.
General guidance
Include in your answer an
example, from publically available data, of a company and bring out in your
discussion some examples of FPMs and a NFPMs used by the company, and your
judgement of their significance and value.
In the work you should show
that you have consulted the literature including references indicated in the
module and those from your wider reading.
You should also demonstrate
independent thought by drawing your own conclusions and drawing on your own
experience.
Initial references:
Otley,
D. (2001). "Extending the boundaries of management accounting research:
developing systems for performance management." British Accounting Review 33
p243- 261.
Kasperskaya, Y., Tayles, M. (2013) “The role of causal links in
performance measurement models.” Managerial
Auditing Journal Vol. 28 5 pp.426-443.
Kaplan, R. S., Norton, D Using the balanced
scorecard as a strategic management system. Available at:
Norreklit, H., (2000) “The balance on the balanced scorecard- a critical
analysis of some of its assumptions”, Management Accounting Research, Vol.11,
pp.65-88.
Class illustration with a case study (759); related diagram
Assignment report structure outline (suggested by JKKHo)
Title of the assignment report
1. Introduction (5%)
2. An illustration of (suggested) financial and non-financial measures in a performance evaluation system and a review of the values of such an evaluation system using ABC Ltd as an example. (40%)
3. A comparison of the relative strengths and weaknesses between financial and non-financial measures employed in a performance management system (30%)
4. An evaluation of driving forces, implementation challenges and trends of employing financial and non-financial measures in a performance management systems (20%)
5. Conclusions (5%)
References
Appendix
*** Referring to the textbook, for doing the assignment, the following chapters are highly relevant:
1. Chapter 19: Control systems and performance measurement
2. Chapter 22: Strategic management accounting and emerging issues
Assignment report structure outline (suggested by JKKHo)
Title of the assignment report
1. Introduction (5%)
2. An illustration of (suggested) financial and non-financial measures in a performance evaluation system and a review of the values of such an evaluation system using ABC Ltd as an example. (40%)
3. A comparison of the relative strengths and weaknesses between financial and non-financial measures employed in a performance management system (30%)
4. An evaluation of driving forces, implementation challenges and trends of employing financial and non-financial measures in a performance management systems (20%)
5. Conclusions (5%)
References
Appendix
*** Referring to the textbook, for doing the assignment, the following chapters are highly relevant:
1. Chapter 19: Control systems and performance measurement
2. Chapter 22: Strategic management accounting and emerging issues
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