Contents
This paper is based on the following requirement – - “The tools and techniques that were covered in the Strategic Cost Management and Strategic Business Analysis courses are very useful in providing decision oriented information to senior management in my organisation and such information will ultimately enhance its corporate value.”
- Discuss the above statement in depth, by reviewing, comparing and contrasting recent approaches to management accounting, and the applicability of such in the organisation you work for. Do you agree with the statement? Please indicate if such techniques are already in use in your organisation (The student is working for a global bank. Please let us know if you need any information on the company of the student for doing this assignment?), and if so, describe them in details. If not, discuss their applicability, and your possible role in introducing some key tools and techniques and bringing about organisational change.
Description
The paper focuses on the understanding of the practical implications of different cost and management accounting principles firstly relating to the general banking sector and secondly related to the specific banking company, Global Bank. Empirical studies based on the use of books and journals would be rendered to help reflect on the scholarly understandings of the different concepts. The study made would help generate effective recommendations for Global Bank in terms of enhancing its operational and management expertise in potentially controlling its banking operations to generate greater customer satisfaction and also to help enhance the paradigm of revenue and profit generation.
