ADVANCED MANAGEMENT ACCOUNTING

a. Explain the just-in-time (JIT) production system. Outline EIGHT (8) potential benefits for companies that use JIT production system. (13 Marks) b. Integrated reporting is a management and communication tool for understanding and measuring how organizations create value now and in the future. The goal is not to provide more information, but better information. It is the information that investors are increasingly looking for. Based on the IIRC Framework, outline EIGHT (8) issues that an integrated report should address. (12 Marks) (TOTAL: 25 MARKS)