ACC30009 focuses on Analysis for Competitive Advantage, emphasizing business strategies through financial and non-financial information. Key concepts include efficiency, effectiveness, and productivity, with various assessment tasks such as group assignments and quizzes. The course also covers Porter's 5 Competitive Forces and generic strategies like cost leadership and differentiation, highlighting the accountant's role in providing information and designing systems.
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ACC30009 ACA An overview-1-1
ACC30009 focuses on Analysis for Competitive Advantage, emphasizing business strategies through financial and non-financial information. Key concepts include efficiency, effectiveness, and productivity, with various assessment tasks such as group assignments and quizzes. The course also covers Porter's 5 Competitive Forces and generic strategies like cost leadership and differentiation, highlighting the accountant's role in providing information and designing systems.
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An overview of ACC30009
Analysis for Competitive Advantage
Analysis for Competitive Advantage
Business Strategies Information
Financial Non-financial Business
Processes Information Information
Common concepts in ACA:
Efficiency, Effectiveness, Economical, Quality, Time, Productivity. Assessment tasks: 1. Group research assignment – 5 to 6 in one group – 20% 2. Test (MCQs) – 10 questions of 1% each and 15 questions of 2% each – 10% 3. Reflective Written Piece – 5% 4. Online Quizzes (1% each x 10) 5. 2 Mini Case Studies - 5% 6. Final Assessments Part A (MCQs) and B – 50% An overview of ACC30009 Analysis for Competitive Advantage
Lecture 1 – Main points
Porter’s 5 Competitive Forces – Analysis Some potential misunderstanding: - High barrier of entry vs. threat of new entrants - More suppliers vs. Bargaining power of suppliers - More buyers vs. Bargaining power of buyers - More competitors vs. Rivalry of competition Generic strategies: - Cost Leadership - Differentiation - Niche cost leadership or niche differentiation Some potential misunderstanding: - Product differentiation vs. High costs - Cost Leadership vs. Poor customer service - Better customer service vs. High operating costs Roles of an accountant - Information provider and advisor (financial & non-financial, SCR) - Design information systems: format, capture, process and report
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