ACC305: Research & Analysis- Management Accounting- Memorandum Writing Assignment

Memorandum Writing Assignment:

Task: Assume you work in a team of graduates for a large consulting firm. Many of the firm’s clients are service businesses. As part of your professional development, you have been asked to select a service business and advise that business on how to calculate the costs of providing the relevant services to clients as well as possible approaches to price setting that may suit the business. You are providing conceptual advice and whilst some calculations from example situations may aid your explanations, detailed calculations are not required. Write a memorandum (“memo”) (answers in report format may not be marked) addressed to the board of directors of the organisation chosen that covers these costing and pricing issues. You then need to prepare a presentation that could be used to persuade the board of directors of that organisation to hire your consulting company’s services. You should deliver the presentation as if the board of directors is your primary audience. Your analysis should include (focusing most on parts 2 & 3): 1) A brief overview of the difficulties of calculating the costs of services (for all service organisations) 2) Consideration of the particular difficulties in the calculation of the costs of services and of price setting in the business that you have chosen 3) Consideration of management accounting techniques or tools which may help overcome these costing and pricing difficulties. Remember you are trying to persuade the board of directors that your consulting firm can really add value to their business 4) Any other relevant matter that you believe will be of use to the board of directors