Strategic Management Accounting Essay Example for Free

Strategic Management Ac turn overing EssayThis is an individual assignment of 3,000 words (+/-10%), excluding appendices and bibliography. The word count MUST be shown on the front of the assignment. There are TWO questions to be answered in this assignment. apiece question carries a maximum mark of 50%.All of the attainment outcomes for the module are existence assessed in this assignment. The learning outcomes are shown in the section entitled Marking Guide, which is further on in this document.The Universitys policy on cheating collusion and plagiarism exit be employ to this piece of work. You are required to produce a report which answers the following TWO questionsQuestion 1XYZ Limited is a medium sized manufacturing business which makes and sells products to a aim of industrial customers who use XYZs products in their own products. The running(a) capital of XYZ is typical of a manufacturing organisation in that at both point in time they have cash, trade receivables, inventories of raw materials, work in progress and destroyed goods and trade payables. The Managing Director of XYZ Limited believes that all parts of the working capital cycle could be change and has asked you to produce a report which discusses how each part of the working capital cycle could be improve and which diminutively evaluates the implications of the improvements on XYZ and other connected parties (for compositors case trade receivables and trade payables).Question 2 many an(prenominal) organisations use move out pricing when transferring products between different divisions of the same organisation. You are required to discuss in detail the advantages and disadvantages of each of the following four methods1) Market based transfer prices2) Full cost transfer prices3) Cost-plus a mark-up transfer prices and4) Negotiated transfer prices.GuidanceStudents are encouraged to be inquisitive and modernistic in their approach as to what should be included in this report. T he following may be of rough use in providing guidance as to what could possibly be included, although this is in no way meant to be prescriptive.The aim of the assignment is to help you understand how detect areas of strategic management accounting are utilize in practice. This will include investigating topics from throughout the course linked to the above issues. Some of the principles, concepts and models will be more relevant to your chosen approach than others and so it is likely that different students will formulate different approaches to the problems. This is normal it is not expected that all of the course content will be apply in the analysis concentrate on that which you feel is most important.As part of your work you exponent find it helpful to briefly explore the underlying theory behind the key areas of investigation that you make before applying them to report.With a total of 3,000 words you do not have a lot of direction for long introductions so assume y ou are writing to a sophisticated audience who has a working knowledge of strategic management accounting and is well versed in business theory. Numerical example for illustrative purposes may be of usebut should not be the main thrust of the work. If use they should be to provide evidence to support your findings from your other analysis of position and policies. If other sources are use remember to reference everythingPlease avoid relying too heavily on descriptive sections reproducing information in stock(predicate) from course material or the set text. It is your own logical, evaluation of the situation, the interpretation of course material and presentation, with critical analysis, of a coherent strategic plan that will attract high marks.Marking GuideThe learning outcomes for this module assessed by this piece of work areKnowledge1. Critically evaluate a range of key strategic management accounting models and concepts.2. Critically understand of specific analytical skills in key areas within management accounting at local and international level3. Critically understand of the grapheme and limitations of management accounting theory.Skills4. Applied the key management accounting concepts and methodologies in order to contribute to happy decision making in an organisation.In light of this the assessment criteria in the grid below will be used when assessing your work.