International issues in Management Accounting: Mercury Inc- AusMilk Ltd- Management Accounting Assignment Help

Internal Code: MAS7648

Management Accounting Assignment Help:

Task: This question relates specifically to the subject’s 3 rd  and 5 th  learning outcomes. Resources to assist students to conduct research and answer this question will be provided in the subject Interact site at the start of the session. However, students are expected to research beyond the resources provided and are encouraged conduct their own research using academic research resources. Please note that marks will be deducted for referencing errors and an APA guide to in-text referencing has been provided in the subject Interact site. Mercury Inc. owns a dairy processor business AusMilk Ltd which operates factories in the famous Kiewa Valley dairy region in North East Victoria. The rapid increase in purchase by Chinese residents of milk-based baby formula and other dairy products has led to Mercury Inc. purchasing the ChinaSouth DairyCo, a large dairy distributor network based in Guangzhou in South East China. It is intended that this network will be used as a base to increase sales of AusMilk’s powdered baby formula and also to launch new products from AusMilk’s product range onto the Chinese market. Your Mercury Inc. manager Deirdre Lynch is travelling to Guangzhou to hold meetings with Mr.Yongxian Zhang the CEO of the newly acquired subsidiary and his senior management team. Ahead of this trip Deirdre has requested that you provide her with a briefing regarding the following: (i) the perceived differences and advantages of Australian dairy product in China and how this should be reflected in manufacturing of the export product; (ii) any differences that Deirdre can expect to encounter between Chinese and Western approaches to management accounting; and (iii)  Deirdre wishes to understand how the concepts of ‘guanxi’ and ‘power distance’ will impact on her interactions with the current ChinaSouth DairyCo managers who will now become part of the team she supervises.