You have just been approached by a friend for a position in his start-up company, Tri-Hull

Marine Inc. Your friend, Xavier McCelland, is a marine engineer and his company produces

boats that utilises a patented technology that was developed by him to help stabilise the roll

of the boat. As the company is a start-up, there are only a handful of people working in TriHull Marine and all of them are friends or highly recommended friend-of-friends. This is

primarily due to Xavier trying to ensure that the technology that he uses on his boats not

being leaked to his competitors. The market for boats has been growing, especially for boats

that are more stable, especially in choppy conditions.

Xavier has asked you to come onboard as an accountant. In your conversation with him, he

has asked that you prepare a report for him first, to determine whether you would be a fit

for his company.

Look, I know you have accounting skills, he said when he met you. However, I need to

know exactly what it is that you can offer me as a management accountant. I have read

quite a bit and it seems that at this point, I need a management accountant, rather than just

an accountant who does debits and credits. So what exactly would you be doing here? I

dont mean to put you in a spot right now, so you can include that in the report that you will

be sending me on a few other issues as well.

An issue we have is with our cash flow. We are really tight on cash as it stands, because a

lot of it is tied up in the stock of boats. Frankie Lee, our production manager, is suggesting to

us that we could potentially cut back on our maintenance schedules. We normally conduct

quarterly maintenance on the equipment that we have, however, Frankie is recommending

that we do it once a year as the machines are working fine and operating way below

capacity anyway. I know that this is not in compliance with our maintenance schedule, but it

will improve our cash position. Can you also work out whether there is anything wrong with

us doing it as Frankie suggested?Finally, we have major issue that needs to be addressed. Mia Sucahya, our software

manager, is requesting to attend a users conference in Bali in July. Normally she attends

quite a few of these a year as she is responsible for identifying the right software for us.

We are currently in process of replacing our CAD-CAM* software and we have received

bids from six different software firms. Mia is reviewing these bids and will ultimately make a

decision on which bid to proceed with.

Vectric CNC is an aggressive software developer. Every six months, Vectric has a five-day

users' conference in South East Asia. Each conference has substantial time allowed for rest

and recreation. Vectric has offered Mia an all-expenses-paid visit to the upcoming

conference in Bali. Mia believes it will be very useful to talk to other users of Vectrics

software, to determine its user friendliness and capabilities. She is especially looking

forward to the visit because she has close relatives in the Bali area.

Now normally, I would just let her go on the conference. However, I have received an

anonymous letter arguing that Vectric is receiving unfair, favourable treatment in our

software decision-making process. The letter specifically mentions Mias upcoming allexpenses-paid package to Bali during Australias cold winter.

I have spoken to Mia about this and she feels deeply offended. She says she has made no

decision yet, and she believes that she is very capable of making a software choice on the

merits of each product. And I do believe her. However, this letter is very troubling. Can you

shed some light on this issue? Should I still allow Mia to go to this conference? What are the

pros and cons of allowing Mia to go?And one last thing. I have heard companies having their own so-called code of conduct,

Xavier continued. Do you think we should have one as well? What are the advantages

and/or disadvantages of having one? Would it be bad if we did not have one? Do we really

need one?

Can you get me all of these in a report by 30 March 2022? I really do not want to read a

thesis, so keep it succinct and concise, no more than 10-pages, double spaced. Thanks

mate.

In this case study what issuessss you can see