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Just to see if I am on the right track below is a summary of how I attempted this paper.
Q1 Analysed the report based on the mission statement and objectives to say whether it assists in giving the information, the stakeholders need, did a comparison of some of the figures year on year and explained how the report was limiting in information for what the stakeholders would want. Also mentioned about the operating costs were lumped together so could not see if improvements in purchasing and inventory management had been achieved. Noted the comments on the bottom were just concentrating on the positive figures based on the report.
Calculated ROCE for both years, could not calculate any of the other figures based on the information given, but I did write down the formulas and explained how they would be useful referring back to the mission statement.
Explained the changing role of the management accountant, forgot to mention the point on the hierarchy as I forgot what the point was called but did talk about it and explained about goal congruence and quicker responses to decisions. Talked about the technology factor referring to the ERPS and talked about the competition aspect.
Talked about big data, explained the four V’s, then went on to detail the opportunities (market share, customer profiling amongst others) and risks (legal, GDPR, theft and loss amongst others).
Q2 For part a I referred to the scenarios points and explained whether they would add value to the business and explained both financial and non-financial performance measurements. For part b, I calculated the Eva and explained the pros and cons. I made adjustments for the interest, R&D and provisions from what I can remember.
Q3 I think was a tricky one as it was asking about the JIT implementation of your client’s only customer and how that affects your client. For part a, I detailed out the purchasing and production implications as per the scenario and for part b I listed out the costs that were conformance and non-conformance then reported on the implications and changes to these costs based on the scenario.
