need help with this management accounting assignment
ACC610 Task 1 and Task 2 FNQ Timbers FNQ Timbers is a lumber milling company that operates in Far North Queensland. FNQ Timbers purchases tracts of virgin, old-growth native forest and harvests and processes any suitable trees for lumber. ( This Photo by Unknown Author is licensed under CC BY ) ( This Photo by Unknown Author is licensed under CC BY-SA )Potential sites are spread throughout Queensland. In addition to the density of suitable trees, native title and transportation to processing facilities are also important in determining which potential sites will be developed. ( This Photo by Unknown Author is licensed under CC BY-SA )Harvesting involves either selective logging, or clear-cutting. In clear-cutting all the trees are felled, suitable trees are milled for lumber and the remaining trees are mulched. What to do with the biomass residue is an important issue for FNQ Timbers, as is the issue of regeneration. FNQ Timbers is an important employer, with over 1000 employees. Required: Management accounting is about working within teams to provide information for decision making within the firm. Understanding context is critical to providing useful information. Understanding whatever business you are employed in is, therefore, very important. In this task you will be required to conduct research about the logging industry, and make some assumptions, so your team can create a decision support tool. This will involve recognising the multiple stakeholders who are affected by the firm’s operations so that their interests can be incorporated into your decision support spreadsheet. This assignment requires you to work together as a team. The oral presentation will be assessed on your individual performance but should be coordinated with the other members of your team. Therefore, before you commence your individual task, you will need to form a team and identify stakeholders affected by the operations of FNQ Timbers. Your team can focus on any aspect (or combination) of the company’s operation (such as site feasibility analysis, harvesting, processing, uses of the biomass residue, or rehabilitation). Then each team member will take the position of a different stakeholder. In the oral presentation you will justify the importance of your stakeholder and identify a measure of the firm’s effect upon that stakeholder. Stakeholders may include (but are not limited to): employees; the Federal, State, or Local Government; the local community; a specific group within the local community (e.g., graziers); the indigenous community; customers; the environment generally (e.g., CO2 emissions); a specific animal or plant, …. Task 1: Individual – Oral Presentation (including PPT slides with annotations/ notes) 1. Take on the role of your stakeholder a. Provide an ethical justification for the importance of your stakeholder (maximum 150 words): i. Identify your ethical definition (supported with an appropriate reference). ii. Apply your definition to justify the ethical responsibility of FNQ timbers to your stakeholder. b. Identify and justify a criterion by which to measure the effect of the firm on your stakeholder. i. Explain why the criterion is important to your stakeholder and how it will be measured (maximum 100 words). c. Identify a legislative requirement relating to the operations of the logging industry that would be important to your stakeholder (this may or may not be related to the criterion that you identified above): i. Quote or summarise the relevant section of the legislation and provide the reference. ii. Explain the specific implications of the legislation for the operations of FNQ Timbers and your stakeholder (100 words maximum). d. Recommend an action (Choice/ input into the model that you will develop with your team) and evaluate its effect on your stakeholder in terms of the criterion identified above (200 word maximum). Deliverables: 1. At least 24 hours prior to your oral presentation you will submit your Powerpoint file through Blackboard. Name your powerpoint file with your surname and student number. a. The format and layout of your Powerpoint slides will be assessed. This includes keeping the content on the slides brief. Detail (including full references) is to be provided in the notes to the slide. The word limits noted above apply to the notes to the slide. 2. Oral presentation – Addressing the requirements listed above. Note, you will be assessed on your ability to make a professional and persuasive argument within the time limit. You will be penalised if your presentation is more or less than 3 minutes. Learning Objectives: for each requirement (See the marking rubric for more detail): a. Knowledge and application of ethical frameworks, theories and concepts and responsibilities in a business context. Rigorously applies sophisticated and insightful knowledge of ethical frameworks, theories and concepts and responsibilities in a business context. b. Capacity to take on board diverse stakeholder interests in a business decision making context. Demonstrates capacity to accurately elicit, interpret and embrace the interests of diverse stakeholders, evidenced through the rigorous application of highly professional, socially responsible, ethical and sustainable approaches to decision making in a business context. c. Knowledge and application of the relevant legislation/standards/codes of conduct /universal principles associated with social responsibility, ethical conduct and sustainable practice in a business context. Rigorously applies sophisticated knowledge of relevant legislation/standards/codes of conduct/universal principles associated with social responsibility, ethical conduct and sustainable practice in a business context. d. Knowledge and application of sustainability frameworks, theories and concepts and responsibilities in a business context. Insightful and sophisticated application of advanced sustainability frameworks, theories and concepts and responsibilities facilitating fully justified and highly innovative and sustainable business solutions or recommendations. Presentation Structure of the presentation. The central message is clearly, articulately and persuasively presented. Use of appropriate supporting materials Compelling: Judiciously employs highly appropriate and engaging supporting materials which inspire the audience and advance the presenter’s credibility on topic. Use of effective time management Delivers a focused presentation strictly within the time limit. Comprehensively, yet concisely covers all requirements and devotes appropriate time to various parts. ACC610 Task 1 and Task 2 FNQ Timbers FNQ Timbers is a lumber milling company that operates in Far North Queensland. FNQ Timbers purchases tracts of virgin, old-growth native forest and harvests and processes any suitable trees for lumber. ( This Photo by Unknown Author is licensed under CC BY ) ( This Photo by Unknown Author is licensed under CC BY-SA )Potential sites are spread throughout Queensland. In addition to the density of suitable trees, native title and transportation to processing facilities are also important in determining which potential sites will be developed. ( This Photo by Unknown Author is licensed under CC BY-SA )Harvesting involves either selective logging, or clear-cutting. In clear-cutting all the trees are felled, suitable trees are milled for lumber and the remaining trees are mulched. What to do with the biomass residue is an important issue for FNQ Timbers, as is the issue of regeneration. FNQ Timbers is an important employer, with over 1000 employees. Required: Management accounting is about working within teams to provide information for decision making within the firm. Understanding context is critical to providing useful information. Understanding whatever business you are employed in is, therefore, very important. In this task you will be required to conduct research about the logging industry, and make some assumptions, so your team can create a decision support tool. This will involve recognising the multiple stakeholders who are affected by the firm’s operations so that their interests can be incorporated into your decision support spreadsheet. This assignment requires you to work together as a team. The oral presentation will be assessed on your individual performance but should be coordinated with the other members of your team. Therefore, before you commence your individual task, you will need to form a team and identify stakeholders affected by the operations of FNQ Timbers. Your team can focus on any aspect (or combination) of the company’s operation (such as site feasibility analysis, harvesting, processing, uses of the biomass residue, or rehabilitation). Then each team member will take the position of a different stakeholder. In the oral presentation you will justify the importance of your stakeholder and identify a measure of the firm’s effect upon that stakeholder. Stakeholders may include (but are not limited to): employees; the Federal, State, or Local Government; the local community; a specific group within the local community (e.g., graziers); the indigenous community; customers; the environment generally (e.g., CO2 emissions); a specific animal or plant, …. Task 1: Individual – Oral Presentation (including PPT slides with annotations/ notes) 1. Take on the role of your stakeholder a. Provide an ethical justification for the importance of your stakeholder (maximum 150 words): i. Identify your ethical definition (supported with an appropriate reference). ii. Apply your definition to justify the ethical responsibility of FNQ timbers to your stakeholder. b. Identify and justify a criterion by which to measure the effect of the firm on your stakeholder. i. Explain why the criterion is important to your stakeholder and how it will be measured (maximum 100 words). c. Identify a legislative requirement relating to the operations of the logging industry that would be important to your stakeholder (this may or may not be related to the criterion that you identified above): i. Quote or summarise the relevant section of the legislation and provide the reference. ii. Explain the specific implications of the legislation for the operations of FNQ Timbers and your stakeholder (100 words maximum). d. Recommend an action (Choice/ input into the model that you will develop with your team) and evaluate its effect on your stakeholder in terms of the criterion identified above (200 word maximum). Deliverables: 1. At least 24 hours prior to your oral presentation you will submit your Powerpoint file through Blackboard. Name your powerpoint file with your surname and student number. a. The format and layout of your Powerpoint slides will be assessed. This includes keeping the content on the slides brief. Detail (including full references) is to be provided in the notes to the slide. The word limits noted above apply to the notes to the slide. 2. Oral presentation – Addressing the requirements listed above. Note, you will be assessed on your ability to make a professional and persuasive argument within the time limit. You will be penalised if your presentation is more or less than 3 minutes. Learning Objectives: for each requirement (See the marking rubric for more detail): a. Knowledge and application of ethical frameworks, theories and concepts and responsibilities in a business context. Rigorously applies sophisticated and insightful knowledge of ethical frameworks, theories and concepts and responsibilities in a business context. b. Capacity to take on board diverse stakeholder interests in