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ACCT8005 Strategic Performance Eval Assignment Sample MTU Ireland

ACCT8005 Strategic Performance Evaluation is a graduate-level course that provides an overview of performance management and its role in creating value for organizations.

The course covers traditional performance measurement approaches, as well as contemporary approaches to performance management such as balanced scorecards and the theory of constraints. It also looks at ways to improve organizational performance through the use of information technology.

Students who take this course will learn how to measure, manage, and improve organizational performance. They will also gain an understanding of the role that performance management plays in creating value for organizations.

This course is suitable for students who are interested in pursuing a career in performance management or who want to learn more about how to measure and improve organizational performance.

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In this section, we are describing some assigned activities. These are:

Assignment Activity 1: Analyze and critique the evolving body of management and management accounting techniques in the related areas.

The techniques employed in management and management accounting have evolved to become more refined and responsive to the specific needs of businesses. The most significant changes have occurred in the way information is gathered, analyzed, and reported. In particular, management accounting techniques have become increasingly specialized and sophisticated, incorporating advances in technology and data analytics.

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The goal of any management accounting system is to provide accurate and timely information that can be used to make informed decisions about how to operate a business. This information can take many different forms, but typically includes financial data such as sales revenue, expenses, and profitability. In recent years, there has been a trend toward using non-financial data as well, such as customer satisfaction levels or employee productivity.

The methods used to gather and analyze this information have also evolved. For example, data mining techniques are now commonly used to identify trends and relationships that would not be readily apparent using traditional methods of data analysis. Management accounting systems have also become more sophisticated, incorporating features such as budgeting and forecasting tools.

Overall, the changes in management and management accounting techniques have resulted in a more comprehensive and responsive approach to decision-making. This has led to improved performance in many organizations, as well as a better understanding of the factors that drive organizational success.

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Assignment Activity 2: Evaluate and advise management on business decisions using advanced numerical and judgemental skills.

When it comes to making important business decisions, management teams need to be able to rely on advanced numerical and judgemental skills. This is where I come in. As an experienced advisor, I use my expertise to help companies evaluate and advise management on the best course of action.

My advice is based on a comprehensive understanding of business and financial principles. I take into account all the relevant information before arriving at a recommendation. This approach has helped me deliver sound advice that has led to successful outcomes for my clients.

If you are facing a critical business decision, feel free to contact me. I would be happy to help you navigate through this complex issue and arrive at a solution that is in the best interest of your company.

Assignment Activity 3: Present to the managerial team the numeracy and qualitative arguments convincingly and cohesively.

It is important to present arguments convincingly and cohesively when addressing the managerial team. Numeracy and qualitative arguments are both essential to making a well-informed decision.

When presenting numeracy arguments, it is important to highlight the key figures and statistics that support your position. This will give the team a clear understanding of the situation and allow them to make an informed decision. Qualitative arguments should be centred around explaining the reasoning behind your position. This will help team members understand your point of view and why you believe what you do.

It is crucial to present arguments in a unified way so that team members can easily understand the situation at hand and make an informed decision. By emphasizing both the quantitative and qualitative aspects of the issue, you can give the managerial team the information they need to make a sound decision.

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Assignment Activity 4: Transfer the range of strategic management accounting techniques to a range of business contexts.

Strategic management accounting techniques can be transferred to a range of business contexts to help Organizations make better strategic decisions. For example, activity-based costing can be used to allocate overhead costs to products and services in a way that reflects the true cost of producing those products and services. This information can then be used by managers to make pricing decisions, improve process efficiency, and make other strategic decisions that will impact the bottom line.

In addition, budgeting and forecasting can help Organizations plan for future growth or changes in demand. By creating accurate budgets and forecasts, managers can see how changes in various areas (sales volume, cost of goods sold, etc.) will impact the bottom line so they can make informed decisions about where to allocate resources.

Many other strategic management accounting techniques can be used in different business contexts. The key is to find the technique that best suits the needs of the Organization and then transfer it to the context in which it will be used. By doing this, Organizations can improve their decision-making process and make better strategic decisions that will help them achieve their goals.

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