-
+1 - 312-224-1615
Get in touch with us
-
support@helpwithassignment.com
Send us an e-mail
Solution Library
Case Study: Electronic Boards plc
Question
Case Study: Electronic Boards plc
John innes and Falconer Mitchell, University of Edinburgh
This is a general case on the design of a management and cost accounting system for a firm operating in a high-tech environment. It provides an opportunity for a broad discussion not only of the appropriateness of particular accounting techniques but also of the need to consider strategic, behavioral and organizational factors.
Introduction
Jack Watson, an electrical engineer, established Electronic Boards plc as a “one-man” company in the early 1980s. From small beginnings, the company earned a reputation for the quality and reliability of its products, and grew rapidly and consistently until, by 2011, it employed over 200 people and had achieved a turnover of $56 million and a profit after tax of $4.1 million. In addition to Jack Watson, the managing director, the board consists of a production director, a research director and a marketing director.
Market circumstances
The company produces customized batches of electronic circuit boards for approximately 15 major customers in the defense, computer, electrical goods and automotive industries. The market is highly competitive in respect of both price and quality. Market price has fallen steadily in recent years. In addition to several other independent firms both form the UK and Far East, many of their larger customers have in-house facilities for the production of circuit boards. These latter firms deliberately subcontract a portion of their circuit board requirements for strategic reason. In a recession they can cease or reduce their subcontracting and bring the work in-house, so stabilizing their own employment levels.
Operational circumstances
Recession
In 2011 the firm experienced its first recession. Market share fell, sales dropped to $21.5 million, a loss of $1.7 million was made and the company’s liquidity suffered considerably. The market decline was expected to continue in 2012 and the managing director of Electronic Boards plc sought ways of alleviating the effects of the recession on the company’s financial performance. He found, however, that the lack of management accounting information hampered him in pinpointing problem areas and in identifying cost-reduction possibilities. Consequently, he approached a firm of management consultants to provide a blueprint for the development of a management accounting system over the next two years.
Summary
The case study belongs to Strategic Management Accounting. The case study is about Electronics Boards, a company started in the 80s, which was appreciated for its good products and good profits. During the recession, the company suffered losses and it was pointed out that the lack of management accounting system was one of the reasons. Implementing Strategic Management Accounting system has been given in the solution.
Total Word Count 501
WHAT OUR STUDENTS SAY
I had no idea about optimal design for separating units till I came across the team of HwA. Their team of distillation assignment experts helped me through the course by letting me get excellent grades in all of my assignments.
Alan Watts Student
From my graduation days in statistics, I took help from HwA on a constant basis. So now that I am pursuing a very challenging certification course in biostatistics I am getting all the help I need from these brilliant experts. The fascinating part about HwA’s biostatistics team is that all the experts are both academically sound and also have adequate professional exposure to work on the critical biostatistics assignments.
Jason Doman Student
The object oriented programming languages like C++ and Java were a nightmare for me and my professor rushed off with her lectures so fast that I couldn’t catch up with the syllabus. Then once HwA started helped me out with my programming homework I got more time to understand how the things summed up.
Marissa Tan Student
Marketing was always my area of preference. So I was confident when I got through the MBA program at Duke. But writing all the assignments over the existing work load was proving to be too much for me. The online marketing assignment expert at TheReliableTutor saved my time and effort by conducting all the research and guiding me through the material.
Shane Duncan Student
The concepts surrounding kinetics and dynamics in chemical engineering often confused me in my initial days, till I came across HwA. Their team of online chemical engineering assignment experts helped me through the course by letting me get excellent grades in all of my assignments. And the best part is that because the tutors are from Singapore itself there is no gap in the communication between us.
Oscar Ang Student
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.