05 Mar Individual Assignment SpecificationsPurpose:This a
Individual Assignment SpecificationsPurpose:This assignment aims at developing your understanding of cost concepts, and demonstrate your ability toapply your knowledge of cost concepts to various costing systems and to justify costing system choices.Additionally, you are to critically evaluate and use accounting information to specific cases, for decisionmakingand achievement of business goals.Instructions with Question 1 of the assignment.This assignment is to be completed by a group of 2 4 students, as determined by your lecturer.Each group is to choose one company from the top 100 ASX Company listing (available in Black Board) toanswer Question 1 of the assignment. Register your group’s company name with your Lecturer, no laterthan Week 6. Company names will be approved by your Lecturer on a first-come-first-serve basis. No groupcan choose the same company within the same class.Assignment Structure should be as the following:Question 1 [10 marks]a) Explain the value chain concept and discuss two (2) ways the value chain concept benefits organisations.[3 marks]b) Based on the organisation that you have selected, evaluate the organisation using the value chainconcept. This explanation should include:i. An identification of the company’s mission and objectives.ii. A description of the competitive strategy (i.e. cost leadership, differentiation or focus) of thecompany.iii. Draw the value chain model for the company. i.e. Tailor the model to your company’s operations,identifying its value-adding processes and support departments.iv. Choose any 2 value-adding processes of your company from the diagram in (iii), and for each,explain the process. Give some specific examples on what value it contributes to the company’sproducts/services, leading to business decisions for improving customer and shareholder value.v. Finally, comment on the relevance and usefulness of the information that you find in relation toyour theoretical knowledge of the value chain concept.
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