Management Accounting and Strategy

Written Report (25%) And Presentation (10%)
You are strongly advised to work progressively after week 6 to ensure the completeness of your project.

You are required to designthe following prerequisites and components of a balanced scorecard system for your company:
Prerequisites:
1. Briefly describe the industry, products or services, and competitors of your company.
2. Outline the company’s strategy.
3. Specify the top two levels of the company’s organization structure (this will be the CEO and the level immediately below that).
Components:
4. Define a responsibility accounting system (identify responsibility centres and specify the type of each – this should be based on the organization structure– to make the project manageable it will apply only to the top two levels in the organization structure).
5. Define a Balanced Scorecard goal setting and performance reporting system. Specify the different performance reports and outlinethe measures/indicators contained in each. The BSC should be based on the responsibility accounting system in 4 and the strategy in 2 – again, to make the project manageable this will apply only to the top two levels in the organization structure.

You are designing a new system that will go to the Board and CEO for approval. The system has not been used yet. Consequently the BSC will not contain any numbers for the measures/indicators.

Your report should be balanced. Make sure no components are emphasized to the detriment of others. Note that this subject is particularly concerned with components 4 and 5, so these must not be neglected. The way the balanced scorecard is designed should take into account the type of organization that is being reviewed. So a private company, a large not for profit or a listed public company will all be treated differently.

The report must be not more than 3,000 words in length (excluding appendices), double spaced,referenced and formatted appropriately. Ensure that it has a proper business report structure with a short executive summary and conclusions. Tables, graphs, etc may be included within the body of the report if appropriate, or attached as an appendix.

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