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Questions:

Background:

You have been hired by the Board of Directors of your chosen company(ASX Listed)to explain  how ABC model can improve  the  management  accounting  information available to its top management team (i.e. CEOand senior managers).

Required:

You  are  required  to  prepare  a  report to  recommend about ABC model for  your company. The report should cover the followings:
 
a. An explanation of ABC modeland its features

b. An explanation of how ABC modelaligns with the current goals and strategies of the company. This explanation should include:

i) An identification ofthe company’s mission and objectives; and

ii) An identification of the company’s corporate strategies

iii) An explanation of how ABC model assist in achieving the company’s strategies.

c. Provide at  least two recommendations about the  implementation  of ABC model for your company based on your research findings.d)Apart  from  ABC model,  suggest  one  other management  accounting  tool suitable for your company and justify it.
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