ACC203 Management Accounting

Question:

Part A:

Compliance, control and competitive support are important factors that have shaped management accounting practice. However, modern business now places much greater emphasis on competitive supportto achieve strategic objectives and less emphasis on compliance and control. Based on the above statements, discuss factors that have contributed to the development of Management Accounting Practice and evaluate the usefulness of Balanced Scorecard. (Limits: 1000 - 1500 words)

Part B:

Qanats is a large ASX listed company that operates internationally and domestically. Access Qantas's most recent annual report and complete the following tasks:

1. Identify Qantas's critical success factors (CSFs) and key performance indicators (KPIs)

2. Based on your answer in 1, construct a strategy map that aligns with Qantas's long term objectives

3. Develop a Balanced Scorecard based on your answer in 2.

Your answer to task 2 can be completed by using PowerPoint, Word or similar program and then pasting it to your document. Your answer to task 3 can be completed by using Excel, PowerPoint or Word and then pasting it to your document.