Management Accounting - Advantages - Implementation Scenarios - Research Assessment Answer

Assessment Task:

Management Accounting - Advantages - Implementation Scenarios - Research Assessment Answer 

Project Brief:
Jenox Australia is seeking WSU TAC consultants to assist with the development of ABC costing system and benchmarking indicators for cost drivers.

What are the anticipated outcomes of the project?
The WSU TAC consultants chosen for this project will have the responsibility to get familiar with the company’s background, the industry, the project and any public available data. The following deliverables are to be provided to Jenox Australia at the end of the term:
• Research approach. What research methods were used and why?

Scope of services
The objectives of the consulting mission are as follows:
• To compare Jenox Australia’s range of services with the services provided by its main competitors. Analysis to highlight most popular services and, where possible, contribution to total revenue. A service and price comparison are to be presented.
• Investigate and determine top trending services within the industry and possible new avenues according to emerging or proposed immigration policies and market trends. (Ie. Provenance of most international students, are any changes expected? Why?)
• Identify points of differentiation and competitive advantage.
• Propose an ABC costing system. Indicate activity break down and suitable cost drivers.
• Benchmark indicators (cost drivers) to other organizations in the industry and propose, where applicable, ideas as to how to improve the identified drivers in Jenox.
• Analyse and compare findings.
• Provide a final report addressed to the managing director of Jenox Australia.
• Key findings to be presented to the academic supervisor and Jenox managing director

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