Strategic Management Accounting
Strategic Management AccountingResearch A s s i gn men t InformationSemester 1, 2021This group assignment is 50% of your course grade.As noted in the course unit outline, this is a combined midterm assignment.ASSIGNMENT PROJECT DETAILSPurposePeaceful and harmonious living is something all beings must enjoy across generations. Sustainable practices allow contributing to this noble cause. This assignment provides students with an opportunity to design a sustainability accounting system for a firm with sustainability as its core enterprise model. You will work as four members in a group of your choice. Your first task is to examine the real-life firm assigned to you. This assignment aims to build your work-integrated knowledge, skills, and application.You are required to provide evidence-based reasoning for the sustainability accounting systemdesign.1. Choose products and services provided by the firm. Design an activity-based costing (ABC)framework to measure their costs.2. Use the Global Reporting Initiative (GRI) framework and develop a performancemeasurement matrix for managers to support its core sustainability model. (You may alsoneed to think about other parameters such as pricing of the products).3. Use the Balanced Scorecard (BSC) framework to report financial and non-financial matricesthat support the firm’s core sustainability model.4. Relate the ABC, GRI, and BSC operational frameworks as informing the UN SustainableDevelopment Goals framework that strategically informs the firm’s vision, mission, andgoalsThe assignment aims to contribute to knowledge, skills, and application of knowledge and skills set to meet accounting professional experience requirements. For example, this work-integrated assignment develops competencies relating to management accounting and the business environment. You can find further details of professional experience requirements in the range of accounting domains by visiting the following URL: https://www.cpaaustralia.com.au/cpa- program/cpa-program-candidates/your-experience/skills- list?utm_source=shortlink&utm_medium=print&utm_content=/skillslist&utm_campaign=shortlink- skillslistPage 2 of 4Forming groups.• You can self-select the group members. Students will form self-assigned groups by study week six. Students need to determine four members for each group.• However, enrolling in more than one group during the assignment attract a 20% penalty of the assignment’s total mark. This taken stance is to deter student multiple enrolments in groups that adversely affect one or more groups performance.The group members must do an equal amount of workload. If a group member withdraws from the unit (at any stage of the semester), the other group members should continue with the overall workload. No additional members will be assigned.• A student enrolling in more than one group attracts 10 per cent penalty marks of the total assignment.