ACC804 Advanced Management Accounting

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June 7th, 2024

ACC804 Advanced Management AccountingTutorial Activity SheetWeek 2Question 1Outline the major processes that management accounting systems use to create value and manageresources. Question 2Explain the concept of competitive advantage and provide examples of the different types of businessstrategies that can be used to achieve it. Question 3What types of management accounting information might assist management in a business that followeda strategy based on cost leadership? Question 4You are recently appointed as the senior management accountant for a large organisation. In your firstmeeting with the CEO you suggest that you should be included in the strategic leadership team (SLT).The CEO is surprised by this suggestion as the previous incumbent had been happy to submit monthlyfinancial reports to the SLT rather than being a member of the team. He asks you to prepare a reportmaking a case for your inclusion in the SLT.Required:Prepare the report for the CEO identifying the contribution that you could make as a managementaccountant to the activities of the SLT.

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