Identify and discuss the information, systems and developments in technology required for organizations to manage and measure performance.

LO2. Explain and apply cost accounting techniques.

Scenario:

You are a Management Accountant of Barloworld. Barloworld is positioned as an industrial processing, distribution and services company with two primary areas of focus: Industrial Equipment & Services and Consumer Industries (food and ingredient solutions), with vast interests in the rapidly changing Automotive world, focused on car rental and leasing activities. Its provision of Industrial Equipment and related services, offers earthmoving equipment, industrial services and power systems, which enable the operation and maintenance of an extensive array of mining, construction and power solutions for customers, with whom they have built enduring relationships based on mutual trust. Our Consumer Industries business provides large enterprises with the ingredients essential to manufacturing a range of products, including food and beverages, paper, pharmaceuticals, building materials, and adhesives.

Barloworld has a proven track record of long-term relationships with global principals and customers. It can develop and grow businesses in multiple geographies, including challenging territories with high growth prospects. One of its core competencies is leveraging systems and best practices across its chosen business segments. It is committed to sustainable development and playing a leading role in empowerment and transformation as an organization. The Company was founded in 1902 and currently has operations in 16 countries around the world.

To build a sustainable future, the organization is promoting all-electric equipment. Thus, they are pitching to leading global brands to market only electrical equipment instead of petroleum run machinery. They are also focusing on the pricing strategies of these international brands. Barloworld wants the leading brands to use alternative pricing strategies instead of the traditional pricing technique as an innovative solution provider.

Website address :(Home | Barloworld)

Required:

As an expert Management Accountant, you will prepare a management report for the client covering the following:

2. Produce a Management Report using MS-Word (Consisting Title page, Table of Contents (Automated), Introduction, Body of the report (with proper headings and subheadings), Conclusion, References, Appendices) - 20 Marks
4. The body of the report should contain:
   2. Explanation ofinformation, systems and developments in technology required for Barloworld to manage and measure performance. - 50 Marks
   4. The implications and relevance of the following mentioned Management Accounting Techniques for the clients.
7. Activity-based costing
9. Target costing
11. Life-cycle costing
13. Throughput accounting
15. Environmental accounting
17. 30 Marks

Note: You should prepare a report discussing these topics mentioned above. It would help if you used online and library resources as this task is based purely on secondary research. If relevant, please support your arguments with examples from real life. You should carefully document your use of sources of information, applying Harvard referencing system. The report should give a reader a clear presentation of your understanding of critical issues related to measuring performance involving associated risks.