In the Reality Bites videos mention is made of business metrics and the changing economic environment in
Question:
In the Reality Bites videos mention is made of business metrics and the changing economic environment in Australia. Outline some of the main changes taking place that impact on the services sector in Australia. Identify management accounting information that could assist managers in managing this change that helps create organisational value. In the context of this changed environment, give an example of a business operating in Australia that, in your opinion, has thrived and an example of a business that has not thrived. Explain the basis for your opinion.(5 marks) Criteria Outline of main changes in financial services environment Identification of useful management accounting information Two examples Discussion of opinion Written structure, presentation and referencing. (Q1: It is expected that this could be answered in one A4 single-spaced page using Calibri type font. No more than two pages will be accepted.)