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Based on Decentralization and Transfer pricing, Financial measure, incentive concept- What about: The following 3 parts need to be addressed in the content (1) Describe
Based on Decentralization and Transfer pricing, Financial measure, incentive concept-
What about: The following 3 parts need to be addressed in the content (1) Describe a business that YOU would want to start up (2) Explain any concepts of your choice (minimum 2) from the respective week's topic that could be used or applied to YOUR business setting (3) What kind of benefits (m inimum 2) AND challenges (minimum 2) would you likely face with the application of the concepts to YOUR business.
15:56 Wed 20 Mar XY Y A Bl & moodle.telt.unsw.edu.au Decentralisation: Issues to consider 0 Costs of decentralisation = Narrow focus on own unit's goals = Unnecessary duplication 0 Goal congruence: a behavioural challenge = May be difficult to achieve in a decentralised organisation = Performance measures and reward systems may provide direction and incentives ACCT5996: Management Accounting & Business Analysis \\Transfer pricing 0What is it? = Price used when goods and services are transferred between responsibility centres. 0Why do it? = Important responsibility accounting tool, particularly in decentralised organisation. = Allows selling unit to earn profit to reflect their effort in producing the product 0 How can they be they set? = Autonomously by profit centre managers. = Intervention by corporate (inconsistent with the decentralisation philosophy). = Corporate policies to govern transfer pricing. ACCT5996: Management Accounting & Business Analysis e UNSW AAAAAAA 15:57 Wed 20 Mar . . . 64% moodle.telt.unsw.edu.au Financial measures in investment centres 0 Summary financial performance measures used to Evaluation evaluate investment centre performance. OUTSTANDING Return on investment (ROI) Excellent => Residual income (RI) Economic value added (EVA) Very Good verage Below Average ACCT5996: Management Accounting & Business Analysis 13 UNSW15:57 Wed 20 Mar 64% " moodle.telt.unsw.edu.au Incentive systems 0 What are they? O 9 79 The Gender Divide: O What Motivates Employees of => Processes, practices and systems O Attributes each gender places high that are used to motivate importance on in the workplace: employees through pay and other It's important for me to t is very important to me benefits have balance in my life to succeed at what I set out to achieve 0 Types of Motivation I need to feel It is exciting to generate " Intrinsic: Derives from the interest respected new initiatives and enjoyment of the work I often rely on t is important to me to -> Extrinsic: Derives from sources my intuition eep my deadlines 12 outside the individual Listening to others' How to motivate? stories comes natural to me I must know the truth ?? - Theories of motivation can design of My empathy is an It is important to me to performance evaluation and portant resource to me attain my goals incentive schemes ACCT5996: Management Accounting & Business Analysis 21 UNSW Theories of motivation I Herzberg's theory of work motivation => Hygiene factors - Provide setting for encouraging employee motivation, but do not themselves motivate employees levels, Responsibility -> E.g. Working conditions, wage Motivators Achievement Recognition rules/regulations, relationships with Challenging work Personal growth colleagues, job security Advancement = Motivators Pay and benefits Status Job security => Factors that relate to job content and which Work conditions Company policies De-motivators provide employee motivation Relationship with manager - Achievement, recognition, the nature of the work, responsibility, opportunities for personal growth ACCT5996: Management Accounting & Business Analysis 22 UNSWStep by Step Solution
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