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Need an argumentative essay on ACCOUNTING FOR STRATEGIC & MANAGEMENT CONTROL. Needs to be 3 pages. Please no plagiarism.There are numerous problems that face the BH Ltd in the control systems. To begi
Need an argumentative essay on ACCOUNTING FOR STRATEGIC & MANAGEMENT CONTROL. Needs to be 3 pages. Please no plagiarism.
There are numerous problems that face the BH Ltd in the control systems. To begin with the audits are not done effectively. There is need for the independent auditors to work on the BH Ltd accounts. The accounts are oftenly collected and sent to the Ave Co Plc.The company also experiences problems with the capital budgeting and the performance appraised on budgeting. (anonymous, 2008).The finance functions have also contributed to the disappointing results. The finance department has little interaction with either the individual or the regional managers. There is also a problem in the performance measurement systems. The key performance indicators are not effectively applied. According to Grahamme Steven, vital data from the organization must be obtained to produce the good results. There are however limitations of the data access due to the confidentiality by the managers who have chosen not to work with the headquarters.
As we all understand our company acquired BH Ltd 4 years ago. It has been performing well and it has been a place where many people desired to go. However after the restructuring there has been a series of problems and disappointing performance.
Shareholders and the customers have been on the watch over the performance of the company.Ordinarily, shareholders must have confidence in the published accounts so as to make the reliable investment decisions. The reduced ROI has been their point of concern as most of them threaten to quite the organization. The hotel occupancy rate has been rising at a slow rate. However there has been a question why the company is not performing well.
I. Control systems. The control systems are generally weak giving a leeway to disappointing results. The company has been producing monthly management accounts to the headquarters. The accounts have revealed a reduced ROI yet there have been increased profits recorded. The accounts were made in dependency and secrets. There was therefore no transparency while
