Question
Select a company you are familiar with or one you are currently working in, or one with information publicly available. Using your own words as
Select a company you are familiar with or one you are currently working in, or one with information publicly available. Using your own words as much as possible, and in not more than 2,000 words (in total):
(a) Provide a brief description of the organisation - background, the organizational structure, the nature of business, the industry and the environment it is operating in, its products/services, etc. (5 marks) (b) Choose one functional area (e.g. production, sales, customer service etc.) and describe in detail how accounting information is used to facilitate and influence decision makings to maximize firm value. (10 marks)
(c) Discuss on whether the quality of the accounting information you have described achieved the objective of maximizing the firm value. Your comment on the quality of the accounting information can be based on the attributes of accuracy, timeliness and cost of producing the information. (10 marks)
(d) Suggest possible improvements to the quality of the accounting information that the company can adopt. (15 marks)
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