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.CEO and 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 model and its features

b)  An explanation of how ABC model aligns with the current goals and strategies

of the company. This explanation should include:

i)                                   An identification of the company's mission and objecti ves; 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 (2) recommendat ons about theimplementation of ABC model for your company based on your research findings.

d)   Apart f rom  ABC  model suggest  one  other  management  accounting tool suitable for your company and justify it.