ACCY918 - Applied Management Accounting Trimester - Business Analysis Case Study - Accounting and Finance Assignment Help

Assignment Task

1. Introduction  
This task is designed to provide students with an opportunity to demonstrate their  understanding of the concepts and techniques in management accounting, through the  application of relevant material(s) covered in the subject and its prerequisite subject, to a real  world case study. It involves the analysis of data and information relating to CSL Limited from  a management accounting point of view. Students are required to prepare a report in an  academically acceptable form which comments on various aspects of the company.  
2. Graduate Qualities Assessed  
• Informed  
• Innovative and Flexible  
• Connected 
3. Subject learning outcome assessed  
• Differentiate and apply different management accounting information and cost systems.  

• Apply basic contemporary management accounting techniques for planning, controlling and  decision making.  
• Evaluate financial information relevant to management decision making.  
• Communicate findings and/or recommendations to relevant audiences.  
• Apply accounting information systems such as Excel to assist in business decision making. 
4. Length  
The report should be 3,000 words maximum. This excludes the title page, executive summary,  table of contents, charts, diagrams, tables, list of references and appendices. Students MUST  declare the word count at the end of the report just below the list of references. If the report  is less or more than 10% of the stated word limit, 10% of the mark provisionally awarded to  the assignment will be deducted.  
7. Type of Collaboration  
This is a GROUP assessment task that requires the preparation of a written report in the form  of a Management Consultants report to the Board of Directors. Completion of the task will  require the group to thoroughly analyse the company so as to enable the key issues to be  identified and formulate a recommendation by applying relevant concepts covered in the  ACCY918 subject and its prerequisite subject. Extensive additional research will be required. 
8. Group formation and management  
I. Students need to establish groups of three (3) by the self-selection method. Groups  of 2 or 4 may be allowed depending on the student numbers and other circumstances.  At the same time, group members should appoint a group leader who is responsible  for (a) registering the group on Moodle, (b) communicating with the subject  coordinator regarding any issues in relation to group activities and (c) submitting the  report to Turnitin by the due date.  
II. After forming a group, the group leader should register the group by submitting an  excel file to the link on the Moodle site. An excel template is provided on the Moodle  site for this purpose. Formation and registration of the group must be completed by  15 September 2020.  
III. The students who are unable to join a group by 15 September will be grouped by the  subject coordinator on 20th September using the random appointment method. After  the subject coordinator formed a group by this method, if a group member wants to  leave and join another group, he/she needs to obtain a written consent from all  members of the group that he/she is leaving and joining. Upon the receipt of this  document, the subject coordinator will then make the change and inform all members  of the relevant groups about the change.  
IV. Once established, all group members will be required to meet at the earliest  opportunity to discuss and agree how the group will be managed. This discussion  should include the allocation of individual roles and responsibilities and an agreed  internal process for resolving any disputes that may arise.  
V. By 25 September, the group leader should submit a ‘Group Contract’ to the link on  the Moodle site, summarising the matters agreed by the group. This contract should  be signed by all the members in the group. A template is provided on the subject  Moodle site for this purpose.  
VI. In the event that any group encounters difficulty in achieving a consensus agreement,  the subject coordinator will take the necessary actions required to resolve any areas  of disagreement.  
VII. Normally, the mark awarded to the assignment will be the mark awarded to all  members of the group. In exceptional circumstances, at the discretion of the subject  coordinator, marks may be varied for individuals within the group when negative  comments have been made by majority of group members in their reflective  summaries about the lack contribution made by a group member in group activities. 

10. Report Details  
This assignment analyses CSL Limited using a variety of sources including; company annual  reports, company website, internet, newspapers and articles. The analysis utilises various  management accounting processes, techniques and methods that you learned in ACCY918  subject and its prerequisite subject ACCY901. The report should address the following  requirements:  
A. Provide a brief summary of the company. Include details such as the industry sector,  primary activities, and recent performance. The importance of this section is to effectively  introduce the company, the nature of its business, identify the company’s profit drivers and  key risks, etc. This should be written in paragraph format (250 words maximum-5 marks).  
B. Identify and comment on the Vision, Mission and key strategies of the company (150 words  maximum-5 marks)  
C. Provide a financial statement analysis of CSL Limited for 2020 using ratios and comment  on the following aspects of the company  
I. Liquidity  
II. Efficiency  
III. Leverage  
IV. Profitability  
V. Market value  
VI. Overall financial performance and financial status (750 words  maximum-15 marks).  
D. Identify five measures that the company has taken to promote sustainability (100 words  maximum- 5 marks).  
E. Prepare an analysis and summary of the major financial and non-financial strengths and  weaknesses of the firm. Financial strengths and weaknesses are generally based on  significant observations of your analysis (financial statements and ratios). Non-financial  strengths and weaknesses are based more on anecdotal and specific evidence from  research, etc. Based on your analysis in this section, indicate the company’s strategies for  solving its problems and its outlook for the future (250 words maximum-5 marks).  
F. Use the figures in the consolidated income statement of the company annual report and  prepare the followings on an Excel Spreadsheet:  
(i) Summarised absorption costing income statement for 2020 showing operating profit of  the company (Hint: You may need to ignore some revenue and expense items  presented in the current consolidated income statement and consider 2,716.5  operating profit as the bottom-line profit). 
(ii) Summarized contribution margin income statement for 2020. You may need to use  appropriate cost classification methods and assumptions for this purpose. Assume all  expenses are either variable or fixed except for cost of sales and selling and marketing  expenses which should be classified as mixed costs. Cost of sales can be separated out  to fixed and variables costs assuming that 40% of the total cost of sales in 2020 consist  of fixed manufacturing overhead costs while selling expenses could be separated  using high low method with annual sales units as the measure of unit level. You may  consider sales for 2019 and 2020 as a measure of level of activity for estimating cost  function.  
(iii) Budgeted income statement for 2021. This statement should be prepared using the  contribution margin income statement you prepared in requirement (F.ii) above and  making realistic and logical assumptions about the trends. You are not required to prepare operational budgets such as sales budget, production budget, to prepare  
budgeted income statement.  
The excel file used for preparing the above three statements should consist of two sheets.  The first sheet should be used to record any input data and assumptions that you use for  your calculations. For example, data used with high-low in F(ii) above should be shown  here. The second sheet of your excel file should show the output of the analysis (i.e. the  three statements mentioned in (i) to (iii) above. Input and output sheets should be linked  by formulas. In other words, the excel file should be readily available for sensitivity  analysis (“what if analysis”) i.e. if the manager change the input data or an assumption in  the input sheet, he/she should be able to see the impact of the changes on the output sheet  immediately.  
While only the three statements you prepare should be presented in the body of the report,  the printouts of both sheets of the excel file should be submitted in appendices. The soft  copy of the excel file should also be submitted through the link on the Moodle site. Please  make sure to use as many formulas (cost functions) as possible to obtain required  estimates and to clearly state the assumptions you make for calculating your estimated  figures for the 2021.  
G. Managers regard relevance, accuracy, and timeliness as important characteristics of  information. However, much of accounting information provided to managers does not  rank highly on these criteria, because some management accountants are tied to financial  models of reporting. To regain their role as primary information provides, management  accountants need to become more directly involved in the operation of data collection and  reporting systems, and move closer to the managers they are serving (McKinnon & Bruns  1992). In light of the above statement, provide 5 examples of information that  management accountants can provide to managers of CSL Limited to assist them in  managing company resources (example, customer profitability analysis to identify the  most important customers of CSL Limited) .

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