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Here, you are asked to present the following aspects in your report:
Using the PAS 1919:2016 standard, case study notes and relevant management control systems theory, write a report to the group CFO of P plc incorporating;
Q1. A pilot Strategy Map and Balanced Scorecard for the group that would help senior executives achieve the stated group strategic objectives, corporate responsibility aims and strategic developments. (30% marks)
Q2. A pilot Strategy Map and Balanced Scorecard for one of the operating divisions (Plumbing & Heating or Building Materials) that would help all levels of employee achieve divisional objectives that support group strategy, whilst maintaining goal congruence with the executive board and the board of directors. (30% marks)
Q3. Based on the four overarching management accounting principles contained within PAS 1919, critically evaluate the role of Strategy Maps and Balanced Scorecards as effective management tools within the existing organisational structure of P plc. (30% marks)
Q4. Based on your findings in Q3, recommend if the group and each division should use Strategy Maps and/or Balanced Scorecards as part of future management control systems. (10% marks)