COVID-19 is the worst global crisis we have witnessed in our life. This pandemic has hit the world socio-economically. The majority of nations and population are in a lock-down situation, and people need to work from home. Some of the workforce members are getting acquainted with remote working technology, while many others are struggling. Because of this new normal situation, all the organisations are still trying very hard to be functional and be financially sustainable. The most prominent challenges organisations face are being functional, creating value, and delivering to end-users. In such a demanding situation, the role of management accounting is more prominent.

As being a management accountant, what strategy/strategies you will adopt to tackle the current pandemic? Also, discuss how will you ensure value creation in your organisation.

Marking guide Introduction 2 marks Value creation before COVID-19 (2 marks) Value creation during COVID-19 (2 marks) The strategy adopted by the organisation (2 marks) Future direction for new management accountants (1 mark) Reference (1 marks)