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B. Laila, the group chief financial officer of Sendayu Bhd, has faced the following situations in the past 2 weeks: i. Ismail, the factory manager,
B. Laila, the group chief financial officer of Sendayu Bhd, has faced the following situations in the past 2 weeks: i. Ismail, the factory manager, is contemplating whether it is cost-effective to outsource components partially assembled or to buy individual components and assemble them in-house. ii. For the forthcoming shareholders meeting, the chairman of Sendayu Bhd wants Laila to prepare a presentation showing the statement of profit and loss and financial position for last year. Laila found that the actual raw materials used in production were significantly higher than the budgeted figure. She called for a meeting with the factory manager to discuss the negative difference. iv. Laila is concerned with the rising costs at the factory. She has asked the factory manager and the cost accountant to ascertain the total production costs and determine the unit costs of each product manufactured by the company. At the of accounting period, Laila needs to prepare a set of financial statements. v. Required: Examine each of the scenarios above and determine whether it is a management accounting or financial accounting role. Justify your
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