I have chosen an news article for this assessment and attached link below. It is approved from tutor...

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I have chosen an news article for this assessment and attached link below. It is approved from tutor as well. so whole assessment should be based on this news articlehttps://economictimes.indiatimes.com/markets/stocks/news/tata-group-stocks-rejoice-supreme-court-verdict-jump-up-to-6/articleshow/81702728.cms

I have attached pdf file for actual question of the assessment. From that PDF file, all the highlighted parts must be covered and considered.Harvard referencing is required(list of the reference at the end of the assessmengt and in text referencing both)

ACCM4500_T1_2021_Assessment_3_Information Assessment Information – Trimester 1, 2021 Subject Code: ACCM 4500 Subject Name: Strategic Management Accounting Assessment Title: Research & Analysis - Individual Weighting: 20% Total Marks: 20 Marks Due Date: Written Analysis: Monday of Week 10 – 24 May 2021 by 19.55 AEST to be submitted electronically via the student portal. Note: The above time is AEST. Students must allow for any time difference as appropriate. Word Limit: 1500 words excluding references .Assessment Description Learning Outcome 4: Recommend a course of action for a range of business problems, including situations in which quality and / or sustainability are critical issues. Please make sure you follow the guidelines relating to presentation of written work, late policy and academic integrity. Please familiarise yourself with the marking rubric to guide you in how to score marks. . Assignment details: Assume you work as a graduate for a large consulting firm. As part of your professional development, you have been asked to select a newspaper / magazine article (written in English) which raises management accounting problems regarding a specific organization, which require a solution. The article must be written recently (on or after 1 July 2020 and taken from an appropriate source, such as the Australian Financial Review, The Australian, The Wall Street Journal (US), Financial Times (UK) and Economist (UK). Other sources may also be suitable - please consult your manager (lecturer) if you are unsure whether a particular source is appropriate. Analyse the issues raised by the article chosen and write a memorandum (a report format will not be marked) addressed to the board of directors of the organisation chosen. Your analysis should include: 1) A reliable link and reference to the article in order that the board can identify it 2) Consideration of the management accounting issues raised by the article, including any potential strengths / opportunities as well as any weaknesses / threats identified. 3) Consideration of management accounting techniques or tools which lead to solutions / courses of action / lessons learned that you would offer to the board of directors as to how the issues identified can be tackled or how the organisation concerned can improve its performance. 4) Any other relevant matter that you believe will be of use to the board of directors Assessment Information COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (‘Act’). The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Kaplan Business School is a part of Kaplan Inc., a leading global provider of educational services. Kaplan Business School Pty Ltd ABN 86 098 181 947 is a registered higher education provider CRICOS Provider Code 02426B. The library databases (in particular Proquest via MyAthens) are a source of newspaper and magazine articles for this assignment, but you can use other means also. Please consult with your lecturer / ASC for more details. In-text referencing is not required – however please provide a reference list after the end of your memo. ~~~~~~~~~~~~~~~~~~ End of Assignment ~~~~~~~~~~~~~~~~~~~

accm4500t12021assessment3information-0yifu4op.pdf

Sunabh · Accepted Answer

ACCM 4500: STRATEGIC MANAGEMENT ACCOUNTING
RESEARCH & ANALYSIS - INDIVIDUAL
Table of Contents
MEMO	3
Introduction to Management Accounting	3
1) Link to the Article	3
2) Management Accounting Issues, Potential Strengths and Weaknesses Identified	3
3) Management of Accounting Techniques and Tools for Solution	5
4) Factors to be Discussed with the Board of Directors	6
Conclusion	7
References	8
	MEMO
To: The Board of Directors of Tata Group
From: XYZ Consulting Firm
Subject: Management Accounting Issues Identified
Date: _________________
The following memorandum is in the best of interest of the company. 
Introduction to Management Accounting
Management accounting is a technique that emphasises the current information so that effective managerial decisions can be taken. The management accounting system allows the smaller businesses to utilise useful information so that they can take business decisions. This information is not without fault or cost, rather the accounting process ensures that they understand the defects in the management accounting so that positive benefits can be obtained by the company.
However, one of the biggest challenges in the management accounting process is to adapt to the accounting principles such as GAAP. Activity-based costing helps in providing accurate information regarding costing so that the decision-makers can find alternative methods in assigning the cost of the products. In the current study, a management accounting issue encountered by the company Tata Group will be explored in the study. The report will utilise accounting techniques to evaluate the issue so that a possible solution can be identified.
1) Link to the Article
The Economic Times, 2021 Tata Group stocks rejoice Supreme Court verdict, jump up to 6% Available at: https://economictimes.indiatimes.com/markets/stocks/news/tata-group-stocks-rejoice-supreme-court-verdict-jump-up-to-6/articleshow/81702728.cms
2) Management Accounting Issues, Potential Strengths and Weaknesses Identified
The main issue suffered by the Tata group was mismanagement followed by the oppression of the minority shareholders. It was reported that the owner Ratan Tata had abused the power that has been vested in Cyrus Mistry. During the tenure of Cyrus Mistry, there were several businesses, which have been developed under the Tata group (The Economic Times, 2021). This included the Project of Nano car, Tata Teleservices, Air Asia airline initiation and acquisition of Corus.
However, it was observed that the Tata group have been encountering challenges due to the breakdown in the corporate governance including excessive interferences of the Tata trust. The trustees have been observed to involve in the micromanagement of the Tata group business (Abdusalomova, 2019). This was followed by the illegal removal of the executive chairperson of the organisation without providing any explanation or notice. The reason cited by Ratan Tata was that Mistry has been getting involved actively with the Tata trusts including the trust directors.
Further, it was also reported that there were several flawed decisions were taken in terms of the accounting processes and transaction, which resulted in mismanagement and oppression (Shahzadi et al. 2018). The Direct Tata trust, which was involved in the case, has been involved in bringing back funds that were utilised by the Tata groups through acquiring shares of Tata Motors. On investigation of the mismanagement, it was further revealed that the proceedings resulted in restraining Tata group in entering into a new line of business. Further, it also restricted the company to acquire any business.
In addition, the trustees were restrained from interfering in the affairs of the Tata group business (Florin, 2019).

I have chosen an news article for this assessment and attached link below. It is approved from tutor as well. so whole assessment should be based on this news...

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