LSBM312 Performance Management and Control-considering the challenges

Task

Working on the premise that performance measurement is central to management control, you are required to read the above scenario and, assuming a role of a financial controller, prepare a report for Steve Wilson which deals with the following requirements:

1) Critically evaluate the current systems of performance measurement, management reporting and budgeting at We Build Ltd. and highlight what you consider to be the problems of the system.

2) Using the operational budget given in Exhibit 2 of the case study, create a flexible budget using actual activity levels and analyse the variances.

3) Describe in detail how you consider the systems might be improved considering the challenges the company is facing.

Learning Outcomes for the assessment

This item of assessment covers the following learning outcomes. For the full list of learning outcomes for the module, please refer to the Module Study Guide.

1. Critically evaluate a wide range of traditional and modern cost and management accounting techniques in businesses.

2. Critically examine various budgeting and standard costing techniques.

3. Examine and critique both traditional cost and management accounting techniques and alternative modern techniques.

4.Develop key skills: communication (C2), problem solving (C5), processing of numerical data

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QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER

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