Kellee - Case Study - Accounting and Finance Assignment Help

Assignment Task:

Task:

Question 3 — Indicate, for each of the following independent casers, whether they are best structured as cost, profit or investment centres: 

1. Kellee is head of the marketing and public relations department at Satellite University. The department receives funding from the central administration for teaching and research. The department is allocated funds based on projected expenditures. Kellee is responsible for 10 academic staff and 2 general staff. 

2. Leigh is head of the school of business located on the campus at Planet University. The school enrols only full-fee-paying students and is responsible for all operating costs and a share of the university's overheads. The university provides a building and teaching venues. Leigh is responsible for 30 academic staff and 10 general staff. 

3. Troy is head of the division of business at Universe University. The division is located in its own building in the city as part of a strategic move by the university. The division enrols only full-fee-paying students and it also conducts short courses for businesses in the CBD. The division is responsible for all capital and operating costs. 
 

Question 5 — You are a director of a credit union and you have been appointed to the remuneration subcommittee. One of your first tasks is to consider a bonus for the general manager. You believe that a bonus should be paid based on performance. The credit union has 10,000 members and total assets of $50 million, with $40 million in loans to members. It operates four branch locations and a head office and employs a total of 30 people. You are familiar with using KPIs such as return on assets as a measure of performance. However board of directors has a policy of not aiming to maxim. profit as the credit union exists for the benefit of its m Therefore V011 consider it to he inannronriate to use return on 
 

Question 5 — You are a director of a credit union and you have been appointed to the remuneration subcommittee. One of your first tasks is to consider a bonus for the general manager. You believe that a bonus should be paid based on performance. The credit union has 10,000 members and total assets of $50 million, with $40 million in loans to members. It operates four branch locations and a head office and employs a total of 30 people. You are familiar with using KPIs such as return on assets as a measure of performance. However, the board of directors has a policy of not aiming to maximise profit as the credit union exists for the benefit of its members. Therefore, you consider it to be inappropriate to use return on assets as a measure of the performance of the general manager. 
Required 

What other financial and non-financial measures of performance could be used to assess the performance of the general manager? 
Question 6 — List three performance measures that would be appropriate for the following centres: 1. An academic department in a university established as a cost centre. 2. A branch of a bank established as profit centre. 3. A division of a large steel company established as an investment centre.

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