ACT 302 Strategic Management Accounting- work-integrated assignment develops com

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ACT 302 Strategic Management Accounting

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Purpose.

Peaceful and harmonious living is something all beings must enjoy across generations. Sustainable practices allow contributing to this noble cause. This assignment provides students with an opportunity to design a sustainability accounting system for a firm with sustainability as its core enterprise model. You will work as four members in a group of your choice. Your first task is to examine the real-life firm assigned to you. This assignment aims to build your work-integrated knowledge, skills, and application.

You are required to provide evidence-based reasoning for the sustainability accounting system design.

1. Choose products and services provided by the firm. Design an activity-based costing (ABC) framework to measure their costs..

2. Use the Global Reporting Initiative (GRI) framework and develop a performance measurement matrix for managers to support its core sustainability model. (You may also need to think about other parameters such as pricing of the products).

3. Use the Balanced Scorecard (BSC) framework to report financial and non-financial matrices that support the firm's core sustainability model.

4. Relate the ABC, GRI, and BSC operational frameworks as informing the UN Sustainable Development Goals framework that strategically informs the firm's vision, mission, and goals.

The assignment aims to contribute to knowledge, skills, and application of knowledge and skills set to meet accounting professional experience requirements. For example, this work-integrated assignment develops competencies relating to management accounting and the business
environment. You can find further details of professional experience requirements in the range of accounting domains

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