Reference no: EM133099920 , Length: word count:2000
MBS669 Management Accounting
ASSIGNMENT
Five-Star company manufactures a line of electric fans. It has experienced sales growth over the last 7 years. The company has implemented several automated systems in its assembly plan and employs a sales, technical specialist, cost, production and engineering managers. However, during early 2020 Five-Star experienced a major dislocation of its operation due to Covid-19 pandemics across the globe. Throughout the Covid-19 lockdown period the company suffered major issues such as production disruption, decline in sales and profit margins.
Required:
a) In an effort to manage during and post Covid-19 period, the CEO wants to form a multidisciplinary team to review a recovery analysis after the pandemic is over. What areas of the company should be represented on the team? How would each of the team contribute to the cost and recovery analysis?
b) You are asked to identify each element of the product value chain for the electric fans. What changes do you suggest with each level of value chain both during and post Covid-19 period?
c) Has the lock down during the Covid-19 period affected the company's need for management accounting information?
STRUCTURE
1) Brief introduction - 100 words
Should describe the purpose of the task
2) Background - 200 words
Should include a brief description of business facts (only the facts that will help you to make your recommendation) and a discussion of the issues identified.
3) Findings - up to 1,000 words
Should answer the required questions under this heading; discuss your findings with reasoning
What are the other items of information that will help you to make your recommendation (can come from any source). State what they are and give a brief reason as to why you chose these (with references).
4) Analysis and recommendations - 600 words
Analyse your findings with strategic implications
Provide your final recommendation and provide a brief justification
Notes:
- You need to include a reference page following the Chicago referencing method, in text referencing is included within the word count, the reference page is not included within the word count.