BUSINESS REPORT TOPIC: Activity-based costing and relevant costing

ASSESSMENT ITEM : DESCRIPTIONBUSINESS REPORT TOPIC: Activity-based costing and relevant costing are costing
methods utilised by organisations. Critically analyse their similarities and differences
in terms of their purpose and use. As part of your analysis consider carefully if there
are any fundamental or inherent conflicts between the methods in terms of their purpose
and use and how the conflict might be reconciled or resolved. Your report needs to
conclude with a set of recommendations for best business practice with respect to the
methods. This should include addressing and dealing with any conflicts that you have
identified.
Title and Abstract (Member 1)
Crafting a clear, informative, and engaging title
Writing a concise abstract summarizing key points
Introduction (Member 1)
Brief explanation of ABC and Relevant Costing
Importance in managerial accounting
Objectives and structure of the report
Summary and Conclusion (Member 1)
Synthesis of key points
Importance of both costing methods for decision-making
Suggestions for further research
Critical Analysis of ABC (Member 2)
Overview of ABC
Strengths and weaknesses in practice
Real-world examples and case studies
Factors driving and shaping application
Critical Analysis of Relevant Costing (Member 3)
Overview of Relevant Costing
Strengths and weaknesses in practice
Real-world examples and case studies
Factors driving and shaping application
Comparative Analysis of ABC and Relevant Costing (Member 4)
Critical comparison of ABC and Relevant Costing
Similarities and relevance to decision-making
Differences and practical implications
Conflict and Reconciliation (Member 5)
Identification and analysis of conflicts
Real-world impact on decision-making
Strategies for reconciliation with case studies
The business report is required to incorporate references to relevant
scholarly articles. The report should also be practical in focus and make
reference to real organisational and business examples.
You just need to complete Member 5. (250 words)