Comprehensiveness of PwC Value Framework for BillerudKorsnas: A Managerial Accounting Analysis

This report analyzes the health and performance of BillerudKorsnas using PwC Value Framework. It covers 17 components including strategic goals, business model, governance, risk, and remuneration. The report presents a comprehensive analysis of each component and provides an inference for better comprehension. The subject is Managerial Accounting and the course code is not mentioned. The college/university is not mentioned.

Running head: MANAGERIAL ACCOUNTING
Managerial Accounting
Student Name:
University Name:
Author’s Note:

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Executive Summary
PWC model aids in the process of comprehending strategy, firm resources and relationships and
the performance of an organization. Here, the organization BILLERUDKORSNAS of Sweden is
a manufacturer of pulp as well as paper. The company was instituted during the period 2012 as a
result of a merger of different competing corporations Billerud AB and Korsnäs AB. In
accordance with PwC model, health as well as performance of business firms has been examined
in detail. There are 17 different components that are recognized for comprehensiveness as well
as accessibility of the each of the components separately discussed for comprehensive analysis.
Finally, inference is presented hereby in this report for better comprehension.

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Table of Contents
Introduction......................................................................................................................................5
Background Information of the company........................................................................................6
Comprehensiveness for 17 Components - Framework of Value PWC...........................................6
Health of Organization...............................................................................................................6
Strategic Goals.........................................................................................................................6
Model of Business...................................................................................................................7
Level of Governance................................................................................................................8
Level of Risk..........................................................................................................................11
Remuneration.........................................................................................................................13
Resources and Relationships:....................................................................................................15
BillerudKorsnäs’ Financial Assets.......................................................................................15
Physical Assets......................................................................................................................17
People and Culture.................................................................................................................21
Innovation..............................................................................................................................23
Brands....................................................................................................................................24
Processes and Supply Chain..................................................................................................24
Organizational Performance......................................................................................................26
Operational performance.......................................................................................................26
Economic...............................................................................................................................27
Social.....................................................................................................................................28
Environmental........................................................................................................................29
Segmental..............................................................................................................................30
Nature of Materiality.....................................................................................................................33
Conclusion.....................................................................................................................................33

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Introduction
There are essentially four different categories of information that a particular corporation
can cut up with other business concerns. There are different external drivers, associations and
firm resources, strategy as well as performance. Furthermore, each and every kind of information
consists of diverse components that aid the administration to evaluate health as well as
performance of business enterprise. In this case, each and every components has been evaluated
from the perspective of comprehensiveness along with accessibility in a bid to review financial
conditions along with performance of the firm BILLERUDKORSNAS.

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Background Information of the company
The organization BillerudKorsnäs of Sweden is a well-known manufacturer of pulp as
well as paper that was instituted during the period 2012 as a result of a merger of different
competing corporations Billerud AB and Korsnäs AB. BillerudKorsnäs concentrates on
delivering packaging sustainable materials (world-most important paper as well as board
material) and provides solutions that enhance profitability of customers’ whilst all at
once augmenting overall environmental influence.
Comprehensiveness for 17 Components - PWC Value Framework
Organizational Health
Strategic Objectives
Strategic objectives of the firm BillerudKorsnäs take account of –
Comprehensiveness:
The overall objective of BillerudKorsnäs’ is attainment of sustainable as well as
profitable growth. In essence, the target of the firm is to develop by approximately 3% to 4%
every year (Billerudkorsnas.com 2018). The primary strategy of the firm BillerudKorsnäs is
founded on five diverse areas that work together, namely, situation, and degree of innovation,
efficacy, sustainability and workforces. Management of the firm has the objective of attaining
continued rate of growth and augmented presence in specific markets, optimize supply chain
(counting clients, products and segments), generation of business opportunities by persistently
working to replace superfluous plastics. In addition to this, the firm also has the strategic

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objective of harnessing market potency for particularly paper founded sacks of cement (Berk and
DeMarzo 2011)
Accessibility:
Strategic objectives of the business enterprise BillerudKorsnäs’ have been accessed
effortlessly from Year End Report published by the company for the year 2017. In essence, the
objectives of the firm are delivered in a structured manner along with risks and threats that the
firm has to encounter for attaining each objective presented. Thus, it can be hereby mentioned
that the strategic goals of the business concern can effortlessly accessed in a bid to evaluate
overall organizational health. In this connection, it can be hereby mentioned that overall quality
of financial condition of the firm from the perspective of strategic objectives in the Value
Framework can be said to be “Good” since it was effortlessly discovered from the integrated
year-end report that is well-formatted and easily comprehensible.
Business Model
Comprehensiveness
The business model of the firm BillerudKorsnäs’ is primarily based on materials of
superior performance from particularly forests situated in the north, counsel, suggestion, service,
collective know-how held by a worldwide network of different machine suppliers, packaging
manufacturers, researchers along with design agencies. In essence, innovative packaging
solutions are necessarily devised in close collaboration with clients all over the world that
demand superior standards of quality, performance along with
sustainability(Billerudkorsnas.com 2018). The business model of the enterprise generates value
for different stakeholders by means of executing higher levels of advanced procedures and

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know-how under the framework of corporation’s value to optimize returns earned on
intangible/tangible resources of the firm, exclusive assets and human capital (Borys and Solarz
2013).
Accessibility:
The business model of the firm BillerudKorsnäs’ can be accessed from yearly report of
the firm without any difficulty. However, the business model of the enterprise is elucidated in a
paragraph and textual format in the year-end report but has no schematic diagram supporting the
textual content on business model. The year-end report of the firm aids in comprehending
business model pursued by the firm. Also, it can be hereby mentioned that the information as
regards business model of the corporation that can be accessed from the yearly pronouncement
of the corporation is presented in a proper format and is therefore easily comprehensible (Braun
and Tietz 2013). Thus, based on information provided in the year-end report it can be hereby
inferred that overall quality of health of the corporation from the perspective of “business model”
mentioned in the value framework can be considered to be good.
Governance
Comprehensiveness:
Corporate governance in the firm BillerudKorsnäs ‘is affected by external as well as
internal regulations. The report declared by the firm on corporate governance specifies about
external regulations that affect governance of the firm BillerudKorsnäs’ include “The Swedish
Act”, legislations counting Swedish Annual Accounts Act as well as IFRS, Nasdaq Stockholm’s
Rulebook along with the Swedish Code of Corporate Governance(Billerudkorsnas.com 2018). In
addition to this, the report at hand also mentions about internal regulations that affect governance

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namely Articles of association, descriptions of Process for every business segment and for all
functions of the group, internal policy regulations of BillerudKorsnäs, Code of Conduct of
BillerudKorsnäs and instruction as well as rules of processes of board of directors. The
governance also stretches beyond regulatory conformity and legislative processes (Breuer 2013).
Also, management of the business concern also endeavors to institute a high-quality enterprise-
wide governance culture with the intention to make sure that different decisions of the enterprise
have to be undertaken in a transparent as well as reasonable way that follows an ethical structure.
Principally, this supports accountability of stakeholders’ and it can thus be mentioned that
decision-makers are to certain extent accountable (Billerudkorsnas.com 2018).The corporate
governance framework of the firm BillerudKorsnäs’ can be properly comprehended from the
chart presented below:

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Figure 2: Corporate Governance Structure of BillerudKorsnäs’
(Source: Billerudkorsnas.com 2018)
Accessibility:
The corporate governance of the corporation BillerudKorsnäs’ can be accessed without
any difficulty from the year end declaration of the business enterprise. The information regarding
corporate governance of the corporation can be accessed from the annual year end assertion of
the firm. Essentially, the information can be comprehended with no trouble as it is properly
formatted and presented in a summarized manner categorized under different headings (Brewer
et al. 2013). Therefore, information on corporate governance can be said to be properly

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presented in the assertion. As a result, it can be hereby inferred that overall quality of health of
the enterprise for the component “governance” presented in the Value Framework can be said to
be “Good”.
Risk
Comprehensiveness:
The process of management of risk can be considered to be a factor that is rooted in the
corporate culture of the business concern BillerudKorsnäs’. In essence, risk management is said
to be inherent in all decisions regarding operations undertaken by the enterprise. Review of year-
end report reveals that risk management is a pre-requisite in the process of maintenance of
sustainability of the firm BillerudKorsnäs’. As per reports, risk evaluation entails recognizing
risks that might perhaps stem in case if the core necessities of financial reporting in the firm are
not satisfied (Cherneva 2012). Management of risk in the firm BillerudKorsnäs’ can be
considered to be a day-to-day procedure. According to reports presented by the firm, the firm has
a system of Group Risk Management that takes the accountability for Enterprise Risk
Management (also reflected as ERM), prevention of loss and insurance programs throughout the
group (Billerudkorsnas.com 2018).

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Figure 3: Risk Management Model
(Source: Billerudkorsnas.com 2018)
Accessibility:
Risk management framework along with internal controls of the corporation can be
seamlessly accessed from the year-end report of the firm for the period 2017. In essence, the risk
management procedure in the firm has been elucidated illustratively and in a succinct manner. In
this way, it aids in the process of comprehending overall risk management framework for the
enterprise. Seeing that the requisite information regarding model of risk management can be
accessed without difficulty from the year-end account of the corporation of the period 2017 and
can be properly comprehended without problems, it can hereby be inferred that overall quality of
the health of the firm from the standpoint of “risk” mentioned in the Value Framework is
undoubtedly good.

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Remuneration
Comprehensiveness:
The company BillerudKorsnäs ‘has a remuneration committee that has both a regulatory,
preparatory as well as administrative role. In essence, the issues regarding remuneration are
minuted and at the same time declared at respective board meetings. Remuneration Committee
of the firm BillerudKorsnäs helps in the process of arriving at decision of the board on specific
issues related to principles of remuneration, total amounts of remuneration as well as other terms
of employment for different members of the team of senior management of the firm (Clark and
Baker 2011). Also, the remuneration committee also helps in monitoring and analyzing programs
for particularly variable compensation to essentially the senior management
(Billerudkorsnas.com 2018). In addition to this, the committee of the firm also monitors and
analyses process of execution of directives for remuneration for different senior officials,
framework of remuneration together with other terms of employment. Analysis of the report also
reflects the fact that the firm’s committee also presents proposals to the members of the board
that necessarily comes to a decision regarding salary as well as other aspects of remuneration for
particularly CEO.
The year end report of the firm BillerudKorsnäs states that the firm strives to attract, keep
and build up the brightest talent by means of delivering competitive remuneration that is
evidently associated to performance. There are both short as well as long-term plans for
incentive for the firm BillerudKorsnäs that are again closely associated to strategic plus financial
targets of the Group’s. These are developed to present sustainable worth for shareholders and
uphold the realization of the strategy of the company (Davis and Davis 2012).

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Different components of remuneration of the firm BillerudKorsnäs
(Source: Billerudkorsnas.com 2018)
Accessibility:
Requisite data and information on remuneration can be extracted without difficulty from
year-end report of the company BillerudKorsnäs’ for the period 2017. In essence, the policy as
well as strategies concerning remuneration of the firm, different directives, regulations, and
advantages of both executive and non-executive directors is clearly presented in the yearly report
of the enterprise. In this regard, it can be hereby said that accessibility of requisite information
regarding remuneration is quite easy as the same can be extracted from annual report declared by
the enterprise. Additionally, it can be motioned that the information presented on remuneration is

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properly formatted and comprehensible. as a result, it can be inferred that overall quality of the
business health for the factor remuneration presented in the Value Framework can be said to be
good.
Analysis of Resource as well as Relationships:
Financial Assets of BillerudKorsnäs’
Degree of Comprehensiveness:
Particularly, for the business concern BillerudKorsnäs’, tangible assets are necessarily
considered to be regarded to be financial assets of the concern. In essence, balance sheet
assertion of BillerudKorsnäs’ helps in understanding financial assets/resources possessed by the
business enterprise. According to balance sheet pronouncement presented by the enterprise,
current assets possessed by the firm can be regarded as the tangible assets/resources, that are in
fact financial resources of the enterprise BillerudKorsnäs’ (Billerudkorsnas.com 2018). In line
with the yearend report presented by the firm BillerudKorsnäs’, financial resources of the firm
takes in –inventory, cash along with equivalents of cash, accounts receivables together with other
current resources. Analysis of the financial statements of the firm reveals that the current assets
were recorded to be 6692SEKm in 2017 as compared to the figure 7143 SEKm in 2016. Thus,
current assets registered for the firm is observed to have dropped for the corporation. Again,
inventories of the firm were recorded to be 2912 SEKm in 2017 and 3142SEKm in 2016
(Billerudkorsnas.com 2018). This shows decline in the inventories of the firm BillerudKorsnäs.
In addition to this, accounts receivables were registered to be 2713SEKm in 2017 in comparison
to figure 2612 SEKM registered a year ago. The total assets of the firm however have increased
from the figure of 28196 SEKm recorded in 2017 from 25854SEKm registered in 2016. Thus, it

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can be hereby mentioned that the financial assets of the corporation has enhanced during the
current period as compared to the year ago period. As a result, this indicates a string financial
health of the corporation.
(Source: Billerudkorsnas.com 2018)
Accessibility:
As far as financial assets are concerned, the term financial assets are applied in the year
end declaration of the firm. Nevertheless, there arises some kind of confusion during the process
of recognition of financial assets from particularly balance sheet pronouncements of the
enterprise. Thus, it can be hereby mentioned that the company BillerudKorsnäs’ has the
necessity to incorporate separate heading and present financial assets in the yearly pecuniary

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declaration of the corporation (Edmonds et al. 2011). Thus, it can be hereby inferred that
accessibility of information on financial assets of the corporation was not very simple and
uncomplicated. Hence, it can be hereby mentioned that overall quality of health of the business
enterprise for particularly factor “financial assets” is bad.
Physical Assets
Comprehensiveness:
As suggested by Fields (2011), non-current assets reflect the intangible assets of the firm.
For the current case under consideration, non-current assets of the firm BillerudKorsnäs are
necessarily intangible assets indicating physical assets. According to year-end financial report of
the firm BillerudKorsnä, values along with list of current assets are mentioned in the balance
sheet statement. Essentially, physical assets of the firm include plant, property as well as
equipment (abbreviated as PPE, diverse intangible assets, and deferred tax assets, varied
contingent assets and goodwill. Analysis of financial statements of the firm for the period 2017
reveals that the PPE of the firm has enhanced from 14937 SEKm in 2016 to 17690 SEKm.
Deferred tax liabilities are recorded to have decreased from 3410 SEKm in 2016 to 3392 SEKm
in 2017 (Billerudkorsnas.com 2018). Also, other liabilities as well as provisions of the firm are
registered to be 1551 SEKm in 2017 as compared to 1514 SEKm in 2016. Intangible assets of
the firm are recorded to have decreased to 2248 SEKm in 2017 from 2335 SEKm in 2016.

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(Source: Billerudkorsnas.com 2018)
Accessibility:
The expression “physical assets” are not properly specified in the year end pecuniary
declaration of the enterprise. As a result, there arises some kind of confusion with identification
of firm’s physical assets from essentially balance sheet assertion of the form. Therefore, it can be
hereby recommended that the firm BillerudKorsnäs have the need to include diverse other terms
and expressions of firm’s non-current assets that is essentially physical assets mentioned in
yearly report of the corporation for ensuring easy identification (Garrison 2011). Analysis of
financial assertions of the firm replicates the fact that the information on physical assets of the

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firm are appropriately formatted and properly presented in the pecuniary assertions of the
corporation. However, accessing information on physical assets of the business enterprise was
not without trouble and uncomplicated. Therefore, quality of the health of the enterprise for the
specific element can be regarded to be quite bad.
Customers
Comprehensiveness
As per reports of the enterprise BillerudKorsnäs, customers of the firm are necessarily
packaging producers, owners of brand, huge retail as well as supermarket chains. The company
devises strategies for optimization of business of customers. Smart solution from the perspective
of function, design as well as selection of different materials generates supplementary value for
essentially customers (Garrison et al. 2012). The company reinforces sustainability work for
customers along with competitiveness by designing base for smart packaging solutions on
essentially renewable material. The company maintains focus on their clients at all times and
stable system of production of the firm helps in generating superior quality in particularly
deliveries to different customers. The packaging paper business segment of the company that is
Kraft as well as sack paper provides customers with correct requirements. Net sales in this
segment is said to have declined to 282 SEKm in 2017 as compared to 285 SEKm in 2016
(Billerudkorsnas.com 2018). Net sales along with sales volumes in the segment of liquid
packaging were observed to have decreased by 2% in 4th quarter. Similarly, decline in sales is
also reflected in the business area of strong fluting and liner. Therefore, yearend annual report of
the firm therefore reflects decrease in customer base of the corporation.

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(Source: Billerudkorsnas.com 2018)
Accessibility:

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Requisite information as regards customers of the firm BillerudKorsnäs was not directly
reflected in a separate segment of the annual pronouncement of the firm. Essentially, information
regarding base of customers and share of customers in the market had to be deciphered from the
important financial figures. Therefore, for the purpose of amassing requisite data, there is need to
thorough study of the annual assertion (Hilton 2011). Therefore, it can be hereby mentioned that
information on customers of the firm were necessarily not properly formatted and requisite
information was not accessible seamlessly. as a result, it can be said that quality of health of the
corporation for the component customers in the Value Framework can be said to be bad.
People and Culture
Comprehensiveness:
BillerudKorsnäs recognizes advantages of maintaining as well as fostering strong
associations with stakeholders of business enterprises by efficient plus clear communication.
Again, continuing assimilation of workforces gets transmitted (Billerudkorsnas.com 2018).The
people who toil at BillerudKorsnäs are the base for everything that the firm does. In order ensure
well-being of workforces, people intend to learn from each another and have the intention to
build on fine examples. BillerudKorsnäs work constantly to raise education level, competence
and skills among employees in an attempt to develop both business and the group who run it.
BillerudKorsnäs upholds and takes into account the UN Global Compact that in turn ascertains
the way company, as workers as well as human beings view rights of human, working situations
and surroundings, working environment and maintain transparently in operations. The company
has set up an interdepartmental faction and a novel occupational health with safety policy to
maintain zero vision for different industrial injuries (Billerudkorsnas.com 2018). There is a
diversity team with accountability for knowledge sharing and development work. Also, there are

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diverse regional diversity groups. BillerudKorsnäs assumes a zero-tolerance advance towards
discrimination. Regardless of ethnic origin, ethnic group, gender, belief, sexual orientation,
disability, political affiliation as well as age, equal rights are emphasized.
(Source: Billerudkorsnas.com 2018)
Accessibility:
The information regarding people as well as culture of BillerudKorsnäs can be
appropriately obtained from annually statement of the corporation for the period 2017.
Nevertheless, specific information as regards people with culture were delivered separately in the
statement therefore it was simple and straightforward to discover the information. Also, the
information was well formatted that helped in deciphering the meaning of the information.
Consequently, it can be hereby mentioned that overall ease of access of pertinent information
was simple and therefore overall value of health of firms in terms of the specific element “people
and culture” as mentioned in the Value Structure is undoubtedly good.

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Innovation
Comprehensiveness:
The business enterprise BillerudKorsnäs intends to challenge convention and believes
that each and every aspects of packaging can necessarily be improved –starting from protecting
as well as preserving goods to making fun, generating superior consumer experiences and
augmenting recycling. Analysis of annual report of the firm reveals that innovation strategy of
the firm is about saving resources whilst developing processes, using renewable resources for
superior-performance solutions. The company adopts innovative processes for handling key
global challenges, for example littering, change in climate and management of food waste. For
the company BillerudKorsnäs, innovation is grounded in continuing research as well as
development (Billerudkorsnas.com 2018). In order to succeed, the company uses the expertise as
well as experience of workers – in areas ranging from ideation to marketing. This leads to result
of generation of advanced packaging materials together with creative solutions for particularly a
sustainable future that generate multi-dimensional value for clientele and uphold firm’s
profitable growth (Horngren et al. 2012)
Accessibility:
The information regarding innovation of the BillerudKorsnäs can be easily amassed from
the annual statement declared for the period 2017. Accessing the requisite was quite easy, and
specific information was appropriately formatted. Therefore, it was simple to know connotation
of the definite components and its significance in the present field. Nonetheless, ease of access
can also be augmented by delivering diverse heading for this component within the annual report

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of the firm. It can be inferred that quality of health of the business concern for the specific
section innovation stated in the Value structure can be considered to certain extent to be good.
Brands
Comprehensiveness:
The company BillerudKorsnäs has a variety of packaging materials and packaging
solutions. The served industries include food and beverages consumer and luxury, medical and
hygiene and industrial products. As stated in the annual statement of the firm, the company
provides packaging solutions to different brand owners (Billerudkorsnas.com 2018). The strong
as well as light materials – for example, fluting as well as liner – are utilized in grooved boxes
for packing fragile goods and for distribution. Also, Smart packaging is offered through the
Managed Packaging theme, that delivers solutions of supply chain and packaging solutions for
different owners of brand, for challenging traditional solutions (Billerudkorsnas.com 2018).
Accessibility:
The information regarding the brands of the firm BillerudKorsnäs are effortlessly
obtainable from the yearly statement of the corporation for the period 2017. Essentially, the
pertinent information as regards varied global brands can be amassed from particularly once a
year statement of the corporation BillerudKorsnäs for the period 2017. Thus, it can be said that
overall quality of the health of the business enterprise for the specific component brands
presented in the Value structure is unquestionably good.

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Procedures as well as Supply Chain
Analysis of Comprehensiveness:
Particularly, for the business enterprise BillerudKorsnäs, it can be said that there exists a
stable and procedures of resourceful supply chain, methods of regulation and procedures of
procurement necessarily deliver competitive return to business enterprise. BillerudKorsnäs
upholds and at the same time develops effectual structures of acquirements, arrangements of
supply chain along with regulations. Essentially, supply chain system is an effective scholarly
mechanism (Billerudkorsnas.com 2018). There are numerous supply chain initiatives undertaken
by the firm during the period 2017. The Managed Packaging notion provides supply chain
solutions along with mechanisms for packaging optimization for different owners of brand for
challenging traditional solutions. The company has over and above 20 years of experience in this
arena of packaging production; therefore it understands the exclusive and multifaceted
challenges of different brand owners in packaging supply. The firm tries to leverage experience
by designing and developing comprehensive programs of packaging that can introduce
simplicity, transparency as well as control to different large-scale packaging functions (Noreen et
al. 2011). For improved supply chain, the company has supplier system (providing low cost of
packaging), carrier (reduced expenditure on both ocean as well as air), origin operations
(lessened costs of container freight stations) and brokerage systems (for decreased expends on
brokerage).
Accessibility:
The information regarding operational procedures along with supply chain can
necessarily be gathered from yearly statement of the firm BillerudKorsnäs for the year 2017.

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Nonetheless, the necessary information was not available effortlessly from the announcement
since requisite information on the subject of particularly supply chain was extremely dispersed
right through the yearly pronouncements. Also, requisite information concerning the same was in
essence not appropriately formulated and at the same time properly prepared. As a result, it can
necessarily be suggested that business enterprises might utilize a title regarding the factor and
thereafter can essentially supply different pertinent information under definite headline
(Northington 2011). Fundamentally, this can prove to be effective users of pertinent information
with for management of the enterprises. Therefore it can be mentioned that overall quality of
health of the organization for the component “process and supply chain” mentioned in the Value
Framework is quite bad.
Performance of Organization
Analysis of Operational performance of firms
Comprehensiveness:
BillerudKorsnäs has a long-standing spotlight on enhancing effectiveness and optimizing
a variety of processes. Operational Excellence of BillerudKorsnäs delivers support for initiatives
of change management throughout business (Billerudkorsnas.com 2018). Systematic work,
founded on the core values, principles, procedures as well as tools of the company, presents a
sound stage for generating lasting alteration. The company works on uninterrupted
improvements all through the business and thereby intends to ensure effectual production and
continuing optimization of procedures. The profitable growth of the company relies on effective
utilization of firm’s capacity at eight different production units of BillerudKorsnäs’. Investment
in particularly production of Skärblacka is also expected to escalate growth in different attractive

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segments of the market, even as all together streamlining structure of different production within
the firm. The investment is expected to turn the Skärblacka segment into a worldwide leader in
the production of white mechanically produced glazed kraft paper (also known as MG paper),
and form a competitive stage for attainment of growth (Billerudkorsnas.com 2018). The firm’s
project also involves transferring paper machine from essentially Tervasaari itself to Skärblacka
that is expected to lead to shutting down of Tervasaari.
Accessibility:
The information on the subject of the operations of the firm can be easily accessed from
the report of the firm BillerudKorsnäs for the period 2017. Essentially, requisite information is
delivered in a comprehensible format and presented in a lucid manner. Since the information is
properly formatted, the same can be comprehended without any difficulty. Thus, it can be hereby
inferred that overall quality of health of the firm BillerudKorsnäs for the factor “operational
processes and performance” mentioned in the Value Framework can be considered to be quite
good.
Economic
Comprehensiveness:
The protective nature of the packaging industry makes the firm BillerudKorsnäs’
relatively more susceptible to the fluctuations in the economy. The company has undertaken
strategic investments in the area of Grovon with the view of developing demand for sustainable
solutions of packaging for different items such as food/beverages, hygiene and medical items and
many others. Investments are also made in order to make Skärblacka segment into a global
leader in the area of production of glazed kraft paper (MG paper) (Billerudkorsnas.com 2018).

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Nevertheless, a poor economic situation along with the competitive business environment can be
regarded as the impediments that set up barriers in path of growth of the customer bases as well
as market share of the firm (Billerudkorsnas.com 2018)..
Accessibility:
The requisite information was not obtainable under a particular heading and for obtaining
the requisite data there is need to go through the entire literature thoroughly since the pertinent is
presented in a scattered manner. Since the pertinent information cannot be obtained effortlessly
and is not properly formatted that can aid comprehension, users might encounter difficulties in
comprehending the information. As a result, it can be hereby concluded that overall quality of
firm’s the factor “economic” mentioned in PwC Value Framework is quite bad.
Social
Comprehensiveness:
The social factor refers to the association of the corporation BillerudKorsnäs’ with
different stakeholders such as clientele, communities, regulators, suppliers, financiers, providers
of service, partners, governments among others. Thus, the corporation is said to have a
responsible and dependable corporate citizenship. In essence, the BillerudKorsnäs’ engages with
different external as well as internal stakeholder. Also, different investments are undertaken by
the firm for socio-economic investment issues that are highlighted (Billerudkorsnas.com 2018).
BillerudKorsnäs’ also takes part in the Public Health Enhancement Fund for contributing
towards the cause of welfare of communities.
Accessibility:

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This information can be effortlessly obtained from the annual statement declared by the
firm BillerudKorsnäs’ for the financial period 2017. The information is delivered under a
separate caption and it is well presented. Therefore, it helps in gaining comprehension. As a
result, it can be hereby inferred that overall quality of firm’s performance for the specific factor
Social in the Value structure is said to be unquestionably good.
Environmental
Comprehensiveness:
The environmental factor shows the natural resources that the firm BillerudKorsnäs’ uses
for carrying out the functions of the business operations (Wild et al. 2011). The natural resources
utilized by the corporation include environmental aspects such as minerals, land and many others
(Schäfer 2012). BillerudKorsnäs’ of their own accord committed to reduce the carbon footprint
by execution of various innovation strategies for management of production, management of site
and authorizing projects on conservation. Also, management of the corporation tracks the level
of emission all through different sites of manufacturing (Shiller 2012). Appropriate management
of water and its utilization all through sites of manufacturing, involvement in Water Disclosure
and yearly projects on Carbon Disclosure assist the business to preserve the environment
(Billerudkorsnas.com 2018). The enterprise has executed varied systems to track and procedures
to handle non-hazardous as well as perilous waste. BillerudKorsnäs’ also promoted varied
initiatives of recycling and proper management waste in the diverse sites of manufacturing and
controls discharge.

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MANAGERIAL ACCOUNTING
Accessibility:
The information available on environmental factor can be effortlessly obtained from
necessarily yearly account of the corporation BillerudKorsnäs’ for the period 2017. Essentially,
this specific information is necessarily presented under a diverse caption/title and it is observed
properly formatted. Therefore, it aids in understanding and as consequently it can be hereby
inferred that overall presentation and superior quality of health of the enterprise for the aspect
“Environmental” mentioned in the Value Framework can be said to be unquestionably good.
Segmental
Comprehensiveness:
BillerudKorsnäs’ evaluates accounting regulations and policies together with accounting
basis for presentation and presentation of segmental analysis (Thompson 2012).As per the
integrated report of BillerudKorsnäs’, segment-wise enumeration is presented for different
offerings of the firm. This enumerations helps to comprehend the revenue generated earned from
different business. The table is provided below:

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MANAGERIAL ACCOUNTING
(Source: Billerudkorsnas.com 2018)

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MANAGERIAL ACCOUNTING
(Source: Billerudkorsnas.com 2018)
Accessibility:
The information as regards segment has been delivered disjointedly in the financial
statement for the financial year 2017. Therefore there is said to be ease of access of the requisite
information. Also, the information is said to be properly structured in a standard that again helps
in comprehending the same seamlessly, accordingly it can be inferred that overall quality of

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MANAGERIAL ACCOUNTING
health along with performance the selected firm for the specific element “Segmental analysis”
mentioned in PwC Value Framework is unquestionably good.
Nature and features of Materiality
For the period of ascertainment of firm’s materiality, the enterprise BillerudKorsnäs’
takes into consideration specific issues associated to material. This necessarily has the likelihood
to exert influence on overall capability of the business enterprise to generate and at the same time
preserve stakeholder’s value (Wild and Shaw 2012). Fundamentally, the Board of the firm has
approved and agreed that the strategic goals of the business BillerudKorsnäs’ and respective
KPIs linked to prescribed goals can make up material issues for the firm BillerudKorsnäs’
(Billerudkorsnas.com 2018).
Conclusion
Based on the above mentioned study it can be hereby inferred that yearly declaration as
well as integrated statements of the business is an important factor in the process of
understanding the operations of the business and to know more about the functionalities of the
business. In this case, the comprehensive evaluation of the corporation BillerudKorsnäs’ assists
in the process of comprehending financial health of the company with respect to 17 different
aspects of the PWC Framework. In essence, this model has assisted in the process of
comprehending health as well as performance of BillerudKorsnäs’.

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MANAGERIAL ACCOUNTING
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