Outline the major processes that management accounting systems use to create value and manage resources. 

ACC804 Advanced Management Accounting
Tutorial Activity Sheet
Week 2

Question 1
Outline the major processes that management accounting systems use to create value and manage
resources.

Question 2
Explain the concept of competitive advantage and provide examples of the different types of business
strategies that can be used to achieve it.

Question 3
What types of management accounting information might assist management in a business that followed
a strategy based on cost leadership?

Question 4
You are recently appointed as the senior management accountant for a large organisation. In your first
meeting 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 monthly
financial reports to the SLT rather than being a member of the team. He asks you to prepare a report
making a case for your inclusion in the SLT.
Required:
Prepare the report for the CEO identifying the contribution that you could make as a management
accountant to the activities of the SLT.

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