Company performance and strategy

ACC220 MANAGERIAL ACCOUNTING – SPRING TERM 2021 GROUP HOMEWORK 1  GENERAL GUIDELINES: – It is group assignment (maximum of 5 students per team). Hence it is important that students provide a complete and coherent work as one assignment. – Any materials based on different source (i.e textbook academic articles newspapers etc) should be clearly reference and bibliography provided. Students should aim to write their own understanding and interpretation. – All questions should be answered in full. If you miss any question it can significantly impact your overall mark. For questions requiring only discussion (Q1 –Q3): 40% – Students are expected to clearly explain their answers and provide a reasonable discussion.

Students should aim to write their own understanding and interpretation. – Maximum length: Up to 600 words is expected for each 15-mark question. Up to 200 words is expected for each 5-mark question. For questions with emphasis on calculations (Q4- Q9): 60% – Students are expected to clearly explain their answers and cover each part of the requirement in detail. – All calculations and full workings should be clearly presented. – Any assumptions made should be clearly written to support your workings. Q1 & Q2: Answer two out three questions below. Kindly note that you should only answer two questions!

Option 1: Critically discuss the role of management accounting for managers in key areas decision making and how its role is changing in 21st century in managing and running a company. (15 marks) Note: It is expected that students actively use external sources such as latest reports academic and business articles books news etc. Minimum 8 sources for each question. You are also encouraged to use company examples to support the discussion.

Option 2: Critically discuss the role of ethics environment and sustainability for a business and their implications on company performance and strategy. (15 marks) Note: It is expected that students actively use external sources such as latest reports academic and business articles books news etc. Minimum 8 sources for each question. You are also encouraged to use company examples to support the discussion.

Option 3: Critically discuss the impact of AI (artificial intelligence) machine learning automation smart systems and blockchain on the industries and their wider implications on a society. (15 marks) Note: It is expected that students actively use external sources such as latest reports academic and business articles books news etc. Minimum 8 sources for each question. You are also encouraged to use company examples to support the discussion. Q3: 3.

1 Explain the key concepts of opportunity cost sunk cost committed cost and sunk cost fallacy in the context of relevant costing and decision making. Why should a business take relevant cost into account as part of business decisions? Support the discussion with examples. (5 marks) 3.

2 Define terms fixed cost and variable costs. Explain how an understanding of the distinction between them can be useful for managers in decision making in areas of BEP and operating gearing. Support the discussion with examples (5 marks) Q4 – Q9: To be uploaded as a separate file “Group Homework 1 – Part 2 -Calculation Questions only

Requirements: 2500