ACCA P5真题Word文档格式.docx
- 文档编号:18939894
- 上传时间:2023-01-02
- 格式:DOCX
- 页数:54
- 大小:51.43KB
ACCA P5真题Word文档格式.docx
《ACCA P5真题Word文档格式.docx》由会员分享,可在线阅读,更多相关《ACCA P5真题Word文档格式.docx(54页珍藏版)》请在冰豆网上搜索。
Thequestionpaperbeginsonpage3.
2
1
BoltzmanMachines(Boltzman)isalisted,multinationalengineeringbusiness.Ithastwodivisions,one
manufacturingaerospacepartsandtheotherautomotiveparts.Thecompanyisknownforinnovationanditallows
itsmanagersmuchautonomytoruntheirowndivisionsandprojects.Therehasbeenrecentcriticismata
shareholders’meetingoftheexecutivemanagementfornotlisteningtoshareholders’concernsandallowingthis
autonomytorunoutofcontrol.Therefore,theboardatBoltzmanhavedecidedtocreateaframeworkwhichbrings
togetheralloftheinitiativesdescribedbelow.
Thechiefexecutiveofficer(CEO)feelsthattheperformanceprismmaybeasuitablemodelandhasaskedyoutodraft
areporttotheboardtoexplainthemodelandhowBoltzman’sexistinginitiativesfitwithinit.
Theinitiativeswhicharerunningatpresentare:
1.
2.
AnanalysisofstakeholderinfluenceatBoltzmanleadingtosuitablestrategicperformancemeasures.
Abenchmarkingexerciseoftheperformancemeasuresfrominitiative1withBoltzman’smaincompetitor,
GeneralMachines.
3.
TheintroductionofqualityinitiativesbringingleanproductionmethodstoBoltzman.
TheCEOalsorequiresyourinputoneachoftheseinitiativesastheyareallatvariousstagesofprogress:
First,astakeholderanalysishasbeencompletedbyoneofBoltzman’smanagers(inAppendix1)butshehasgone
onholidayandhasnotwrittenupacommentaryofherresults.Therefore,theCEOwantsyoutotaketheinformation
inAppendix1andexplaintheresultsandevaluatethesuggestedperformancemeasures.TheCEOhasaskedthat
youdonot,atthisstage,suggestlonglistsofadditionalindicators.
Second,theCEOwantsyoutousethesesuggestedmeasurestobenchmarktheperformanceofBoltzmanagainst
GeneralMachines.TheCEOstated,‘MakesurethatyoucalculatethemeasuresgiveninAppendix1.Youshouldalso
addtwojustifiedmeasuresofyourownusingthedataprovided.However,restrictyourselftothesesevenmeasures
anddon’tdrownuswithdetailaboutindividualbusinessunits.’Ajunioranalysthasgathereddatatouseinthe
benchmarkingexerciseinAppendix2.
Third,thecompanyhasstatedthatoneofitsstrategicaimsistobethehighestqualitysupplierinthemarketplace.
Inordertoachievethis,theheadoftheaerospacedivisionhasalreadystartedaprojecttoimplementjust-in-time
(JIT)manufacturing.AnextractofhisemailproposingthischangeisgiveninAppendix3.TheCEOfeelsthatthere
aresomeimportantelementshintedatbutnotdevelopedinthisemail.Inparticular,theCEOwantsyoutoexplain
theproblemsofmovingtoJITmanufacturing.
Required:
PrepareareporttotheboardofBoltzmanto:
(i)
Explainthefacetsoftheperformanceprismanddiscusshowthethreeinitiativesrelatetothefacets.
(9marks)
(ii)Brieflyjustifyappropriatemanagementapproachestoeachofthestakeholdersand,basedonthisanalysis,
evaluatetheappropriatenessoftheperformancemeasuressuggestedinAppendix1.(14marks)
(iii)BenchmarkBoltzmanagainstGeneralMachinesassuggestedbytheCEO,evaluatingtheapproachto
benchmarkingused.(16marks)
(iv)Explaintheproblemswhichwillaccompanyamovetowardsjust-in-timemanufacturingatBoltzman.
(7marks)
Professionalmarkswillbeawardedfortheformat,styleandstructureofthediscussionofyouranswer.
(4marks)
(50marks)
3
[P.T.O.
Appendix1
Keystakeholders
Shareholders
Levelofinterest
Levelofpower
Low–institutionshavedelegated
managementtotheboardandare
onlyinterestedinfinancialreturns
High–abilitytovoteoutexisting
management
Employees
Customers
Medium–inahighskillindustry
employeesareinterestedinthenew
opportunitieswhichthemarketcan
present
Low–althoughthereisagroupof
keyemployeesinproduct
developmentwhoseskillsmustnot
belost
Medium–someofthepartssuppliedHigh–astherearefewmajor
byBoltzmanareuniqueand
playersintheaerospaceand
specificallydesignedforthecustomerautomotivebusinesses,thelossofa
customerwouldhaveasignificant
impactonBoltzman
Suppliers
Medium–Boltzmanisoneofthe
largecustomerstomanyofthe
company’ssuppliers
Low–thesuppliersaregenerally
bulkcomponentproducersandthere
issignificantcompetitionfor
Boltzman’sbusiness
Suggestedperformancemeasures:
–
Returnoncapitalemployed
Economicvalueadded
Revenuegrowth
Averagepayperemployee
Netprofitmargin
Appendix2
ThefiguresaredrawnfromthefinancialstatementsfortheyeartoSeptember2014.
Boltzman
$m
GeneralMachines
2014
Revenue
Costofsales
Othercosts
23,943
18,078
25,695
20,605
2,958
3,208
–––––––
Operatingprofit
Financingcosts
Tax
2,907
291
1,882
316
663
718
Netincome
1,953
848
2013
Non-currentassets
Currentassets
16,335
16,988
17,716
17,893
10,618
11,043
11,515
11,630
26,953
8,984
9,801
28,031
9,961
9,739
29,231
29,523
10,083
10,405
Equity
Non-currentliabilities
Currentliabilities
9,744
10,629
8,168
8,331
8,858
9,035
4
Notes:
Noofemployees
Staffcosts
Revenuefor2013
Productdevelopmentcosts
86,620
4,731
22,506
2,684
93,940
4,913
25,438
2,630
($m)
No.oftop10biggestpotentialcustomerswhere
thebusinesshastoptiersupplierstatus
Aerospace
6
7
8
Automotive
Asuitablecostofcapitalforbothcompaniesis11%.
Thetaxrateis28%.
Appendix3
ExtractofHeadofAerospace’semailonhisqualityinitiative:
Inordertoimprovethequalityandprofitabilityofourproducts,weintendtobeginbyintroducingaleanapproachto
manufacturing.
ThefirststepinourmovetoleanmanufacturingwillbetheintroductionofJITmanufacturing.Althoughthiswillbe
adifficultprocess,thefinancialrewardsinreducedworkingcapitalrequiredandadeclutteringoftheworkplace
shouldbesignificant.Wewillhavetoconsiderhowthischangeimpactsupanddownoursupplychainwith
customersandsuppliers.
5
BeeshireLocalAuthority(BLA)isalocalgovernmentbodywhichprovidesarangeofservicesfortheareaofBeeshire
withinthecountryofSeeland.Beeshireisawealthyareawithinthecountrywithmanytouristattractions.Oneof
BLA’stasksistoensurethatwasteiscollectedfromthehomesandbusinessesinBeeshire.ThegoalforBLA’swaste
managementdepartmentis‘tomaintainBeeshireasasafe,cleanandenvironmentallyfriendlyplacewherepeople
andbusinesseswanttobothstayinandreturnto.’Theneedforwastecollectionislinkedtopublichealthconcerns,
thedesiretokeepthestreetscleanandattractiveandthedesiretoincreasetheamountofrubbishwhichisrecycled.
BLAisfundedthroughasinglelocaltaxanddoesnotchargeitsresidentsorbusinessesseparatelyformostofits
services,includingwastecollection.Thereisnopublicorpoliticalappetiteforoutsourcingservicessuchaswaste
management.
Wastecollectionisperformedbytheworkforceusingafleetofvehicles.Thewasteiseithertakentorecyclingplants
orelsetolandfillsitesforburying.BLAobtainsrevenuesfromalltherecycledwastebutthisonlyjustcoversthecost
ofrunningtherecyclingfacilities.
Againstabackgroundestimatethatwastewillincreaseby1%p.a.inthefuture,thenationalgovernmenthasordered
localauthorities,suchasBLA,topromotetherecyclingofwasteandhassetatargetof40%ofallwastetoberecycled
by2015.Inordertodiscouragethecreationofnon-recyclablewaste,thegovernmenthasimposedalevypertonne
ofwasteburiedinlandfillsitesandhasstatedthatthislevywillriseoverthenextfiveyearsinordertoencourage
continuingimprovementintheamountofrecycledwaste.
Currently,Seelandisinalongrecessionandsolocalauthorityrevenueshavefallenastaxrevenuesreflectthepoor
stateoftheeconomy.Alongwithotherlocalauthorities,BLAhastriedtocutcostsandsohasfocusedonfinancial
measuresofperformance.Inarecent,privatemeeting,thechiefexecutiveofBLAwasheardtosay‘keepcostsunder
controlandwewillworryaboutqualityofserviceonlywhencomplaintlevelsbuildtoanunacceptablelevel.’Asone
ofthearea’slargestemployers,cuttingstaffnumbershasbeenverydifficultforBLAduetotheimpactonthelocal
economyandthereactionoftheresidents.
ThecurrentperformanceindicatorsusedatBLAaredrawnfromtheexistinginformationsystemswit
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- ACCA P5真题 P5