Preview

A Case Study of Crosby Manufacturing Corporation: Antiquated MCCS Reporting Procedures

Good Essays
Open Document
Open Document
357 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
A Case Study of Crosby Manufacturing Corporation: Antiquated MCCS Reporting Procedures
1. Livingston calls meeting to discuss major problems with management cost and control system (MCCS)
a. Antiquated MCCS reporting procedures made Crosby Manufacturing Corporation a nonstarter of sorts for three large government contracts because they were not capable of adhering to the customer’s financial reporting requirements
2. Crosby Manufacturing was $250-million-a-year electronics component manufacturing firm in 2005, when Wilfred Livingston became president
a. First goals towards obtaining large government contracts
i. Reorganize employees into a modified matrix structure
1. Strictly speaking matrix management is the practise of managing individuals with more than one reporting line (in a matrix organization structure), but it is also commonly used to describe managing cross functional, cross business group and other forms of working that cross the traditional vertical business units – often silos - of function and geography.
2. It is a type of organizational management in which people with similar skills are pooled for work assignments, resulting in more than one manager (sometimes referred to as solid line and dotted line reports, in reference to traditional EDP business organization charts).
a. Provided customer focal point policy that government agencies prefer ii. Replace present computer system with a more advanced model to update MCCS reporting procedures
1. Develop capabilities for keeping two or even three different sets of books for customers
b. Discussion of costs, feasibility study
i. Input-output demands, processing, storage capacity, rental, purchase or lease of a system, nonrecurring expenditures, recurring expenditures, cost of supplies, facility requirements, and training requirements
1. EDP manager warns that they will have two computer systems in operation simultaneously for a short time, establishes time frame for switching over and factors of costs
c. Livingston appoints Tim Emary for his planning ability, violating their

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Acct 505 Case Study 1

    • 398 Words
    • 2 Pages

    The following cost items are needed before a schedule of cost of goods manufactured can be prepared:…

    • 398 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Busy Signals, Unlimited

    • 888 Words
    • 4 Pages

    In simple words cost should be directly attributable and in addition to that this directly attributable cost must be incurred to bring the asset into working conditions as intended and if such costs are not incurred then asset cannot be operated to its maximum capability or as intended by the users of such assets.…

    • 888 Words
    • 4 Pages
    Good Essays
  • Good Essays

    References: Lee, S.S.K. (2003). Federal Accounting Standards Advisory Board. Retrieved March 14, 2011, from http://www.fasab.gov/pdffiles/combinedleasev4.pdf…

    • 841 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Week 3 Assignment

    • 496 Words
    • 2 Pages

    Matrix organizations are structures that allow for more than one supervisor and greatly support teamwork among those within the organization. Matrix organizational structures are ideal for larger organizations, which is a great advantage given our significant increase in both staff and business. Following a matrix structure would allow the organization to double in size without losing the significance of the goals set forth. A disadvantage of matrix organizational structure, as with large organizations is often inevitable, is the ability of…

    • 496 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    There is a line drawn between cost-benefit analysis and the accuracy of records, and the damaging discrepancies in reporting has come to light. More so in a publicly traded organization. An example of such organizations that have fallen into the category of inaccurate reporting of financial records had as a result have collapsed, Lehman Brothers, Arthur Andersen and Worldcom. The cost effect it has on a company’s public image is far greater that the cost of…

    • 455 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Since matrix is a combination of both functional and divisional they share certain similarities. The similarities are they report to a management team that is broken down to regional and division manager.…

    • 266 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    dow coring case study

    • 617 Words
    • 3 Pages

    The matrix structure as defined by David Needle (2010 p. 185) is a combination of the customer orientation of the project team and the economies of scale of the functional structure which focuses on specialist orientation and the product or market focus of the multidivisional structure which enforces product grouping. The matrix structure encourages individuals to work across teams and projects as well as within their own departments or functions in order to accomplish a main goal. For example, a project/task team established to develop a new product may include design specialists as well as those that obtain marketing and financial skills.…

    • 617 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Corporate Reporting

    • 1569 Words
    • 7 Pages

    I have read and understand the Rules relating to Awards (Rule 3.17) as contained in the University Handbook.…

    • 1569 Words
    • 7 Pages
    Satisfactory Essays
  • Powerful Essays

    Birt, J, Chalmers, K, Byrne, S, Brooks, A & Oliver, J 2010, Accounting: Business reporting for decision making, 3rd edn, John Wiley & Sons Australia, Ltd, Milton, QLD.…

    • 2279 Words
    • 10 Pages
    Powerful Essays
  • Best Essays

    This briefing will review and discuss the comparison of governmental accounting and profit financial accounting. This briefing will also detail how to understand governmental reporting and reporting entities. Last, this briefing will outline management discussion and analysis reports for the state of Michigan.…

    • 1043 Words
    • 5 Pages
    Best Essays
  • Good Essays

    project

    • 1772 Words
    • 8 Pages

    The type of conditions that would encourage business owners or executives to reorganize into a matrix structure would be in an organization like consulting and…

    • 1772 Words
    • 8 Pages
    Good Essays
  • Good Essays

    The main advantage of a matrix type organization is the sharing of resources and knowledge. Resources are shared between all projects and this could possibly save the company…

    • 573 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Management Structures

    • 332 Words
    • 2 Pages

    Matrix organization this s a structure that is atypical because it brings employees and managers together from different departments working towards accomplishing a goal. The advantages of this structure is that it pools people together who have the same skills to work in a specific area. It also helps to coordinate resources in a way that helps them effectively on different projects and information is flowing throughout the organization from top to bottom. The disadvantages of this structure is that so many problems can arise as well as conflicts within the group.…

    • 332 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Itm 3060 Ch 10

    • 1062 Words
    • 5 Pages

    3. (B) A feasibility analysis includes which of the following components? a. System requirements document b. Scope or boundaries of the system c. Processes used to convert data d. All of the above.…

    • 1062 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    “I've called this meeting to resolve a major problem with our management cost and control system (MCCS),” remarked Wilfred Livingston, president. “We're having one hell of a time trying to meet competition with our antiquated MCCS reporting procedures. Last year we were considered nonresponsive to three large government contracts because we could not adhere to the customer's financial reporting requirements. The government has recently shown a renewed interest in Crosby Manufacturing Corporation. If we can computerize our project financial reporting procedure, we'll be in great shape to meet the competition head-on. The customer might even waive the financial reporting requirements if we show our immediate intent to convert.”…

    • 714 Words
    • 3 Pages
    Good Essays