Management Accounting Tools and Value Chain Analysis of Telstra

COST ACCOUNTING

Table of contents
Introduction 3
Introducing the selected company 3
Identifying and describing the value chain of the company 3
Describing the process of Planning, and Decision Making in the company 5
Summarising and presenting the various types of management accounting information and tools
that the company use in their business 6
Provide recommendation of at least 2 management accounting tools 7
Conclusion 8
References 9

Introduction
The business operation involves various activities one of these are managing financials, planning
and decision making. It can be said that a company with effective fund management, planning
competency and decision-making process is always successful in conducting their business
operation. It can be said that in the assessment there will be critical evaluation of these subjects
to determine the overall efficiency of a company using their strategies under these business
operations. The company selected for the current assessment is Telstra Australia that is a
telecommunication company based in Australia. The different system used by the company will
be evaluated in this assessment to shows the competence of the business in conducting their
business operation through consistency.
Introducing the selected company
Telstra Corporation Limited is one of the most prominent telecommunication company in
Australia. The company deals with mobile, networks, digital television network provider. The
company in the current situation is fully privatized company and at present, the company mainly
focus on their customers. During the year 1901 the postmaster- general’s department was the one
and only Telecommunication Company that used to control the entire Australian network. Later
in the year, 1975 many companies came into existence to replace the postmaster- general’s
department. Telstra was first under the postmaster- general’s department, but later it became
privatized. In Australia, Telstra controls majority of public telephones. GSM and 3G are used by
many countries till now and in Telstra maintain this wide range of network in entire Australia.
The company holds a good market position since 2011 as it has reduced its mobile phone
products price which attracts the more clients to them (McDougal, 2017). It cannot be neglected
that there are also other telecommunication companies in Australia that provide many
opportunities for their customers but Telstra is holding a constant and prestigious position in the
country. With their quality of services and their assurance to their customers, the company
attracts a wide range of customers towards themselves.
Identifying and describing the value chain of the company
In accordance to the company’s view, it can be said that Telstra is focused on creating business
value for sake of its stakeholders. It can be said that the company seeks to achieve sustainable