Highlights
(1) To maximise social and economic welfare, governments need sufficient and diversified revenues. Empirical evidence has shown that deliberate fiscal policies on FDI, Taxes, Interest rates, reserve ratios, government borrowing and ease of doing business play an important role in influencing macro and micro economic conditions including aggregate demand for goods and services, employment, inflation, and economic growth. Due to global interconnectedness, public revenues are susceptible to macro shocks such as global financial crises and global health pandemics (e.g. COVID-19). Susceptibility to crises and pandemics necessitates revenue diversification, mainly, in mono-cultural economies such as Botswana. Evaluate the qualitative and quantitative factors that a multinational company should incorporate in assessing whether or not it should undertake an overseas investment in Botswana. Your evaluation should include issues such as; market access to raise finance, economic issues due to Covid-19, technological issues, political risk and country risk as well as any relevant real-life examples you are familiar with. (1,500 words)
(2) “The conversion of financial accounting data into annual financial reports is the only crucial process in studying finance as it allows the reports to be used by stakeholders to assess how management is executing their strategic management process through checking whether a profit or loss was made. Therefore, the study of management accounting is irrelevant as management accounting is not covered by international financial reporting standards” (Past MSc Strategic Management Student) Critical evaluate the above statement showing the linkages, similarities and differences between financial accounting and management accounting data and how both can be used to assess the achievement of strategic objectives. (1,500 words)
(3) Using your own organisation as an example (or any organisation that you are familiar with), critically evaluate how the management accounting and financial management tools and techniques used/ applied in that organisation are effective/ not effective in the short and long-term planning and control of its local and any international operations (2,000 words).
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