With the spread of pandemic around the world it has created unprecedented impact on the organizations and world economies. The firms in various sectors have been differently impacted. While firms in few sectors have faced hardship due to lock-down and stoppage of production work while firms in other sectors have increased production capacity, acquired new firms during pandemic and have been recording high revenues and profitability. You are required to choose two firms belonging to two such cases, one having increased production, done innovation in existing products or new products and other having to cut-down production, layoff labour due to pandemic.

Explain and comment in detail on their behaviour during pandemic, their cost management systems and choices and what factors they factored in as relevant information to take managerial decisions during pandemic.

You are required to write a short report analysis of cost management systems of these two firms and analyse the impact of their decisions on their current and future expected profitability and financial position.

Explain if you were the Management Accountant for either of these firms, how would you have don't things differently to take the firm to newer heights post-pandemic.