Managerial Accounting BAO5522: Air Traffic Navigation Systems Analysis

This report provides a comprehensive analysis of the managerial accounting practices of Air Traffic Navigation Systems Ltd, evaluating its reporting framework against the PwC Value Framework. The assessment examines various aspects of the business, including strategies and objectives, business models, governance, risk management, remuneration, financial and physical assets, customer relations, people and culture, innovation, brands and intellectual assets, processes and supply chain, operational, economic, social, environmental, and segmental performance. Each element is critically analyzed based on report extracts, providing reporting critiques, assessing extensiveness and accessibility, and evaluating comprehensiveness. The analysis offers conclusions and strengths for each element, determining the overall quality of reporting. The report highlights key areas such as strategies for sustainability, corporate governance, risk management policies, remuneration structures, and financial asset management. The study aims to assess the alignment of the company's reporting with the PwC framework, identifying strengths and weaknesses in the presentation of performance information.

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

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Executive Summary
The main purpose of the assessment is to analyze the business of Air Traffic Navigation Systems
ltd which is engaged in managing air traffic in an appropriate manner. The reporting framework
of the business is considered and analyzed if the same is consistent with the PwC framework of
the business. The discussion would be covering different areas of reporting which is managed by
the business.

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Table of Contents
PwC Value Framework Elements....................................................................................................8
1. Value Framework Element: Strategies and Objectives............................................................8
Report Extracts:...........................................................................................................................8
Reporting Critique.......................................................................................................................9
Extensiveness and Accessibility..................................................................................................9
Comprehensiveness.....................................................................................................................9
Conclusion and Strength..............................................................................................................9
2. Value Framework Element: Business Model.........................................................................10
Report Extracts:.........................................................................................................................10
Reporting Critique.....................................................................................................................10
Extensiveness and Accessibility................................................................................................10
Comprehensiveness...................................................................................................................11
Conclusion and Strength............................................................................................................11
3. Value Framework Element: Governance...............................................................................11
Report Extracts:.........................................................................................................................11
Reporting Critique.....................................................................................................................12
Extensiveness and Accessibility................................................................................................12
Comprehensiveness...................................................................................................................13
Conclusion and Strength............................................................................................................13

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4. Value Framework Element: Risk Management.....................................................................13
Report Extracts:.........................................................................................................................13
Reporting Critique.....................................................................................................................14
Extensiveness and Accessibility................................................................................................14
Comprehensiveness...................................................................................................................14
Conclusion and Strength............................................................................................................14
5. Value Framework Element: Remuneration............................................................................15
Report Extracts:.........................................................................................................................15
Reporting Critique.....................................................................................................................16
Extensiveness and Accessibility................................................................................................16
Comprehensiveness...................................................................................................................16
Conclusion and Strength............................................................................................................16
6. Value Framework Element: Financial Assets........................................................................17
Report Extracts:.........................................................................................................................17
Reporting Critique.....................................................................................................................17
Extensiveness and Accessibility................................................................................................18
Comprehensiveness...................................................................................................................18
Conclusion and Strength............................................................................................................18
7. Value Framework Element: Physical Assets..........................................................................19
Report Extracts:.........................................................................................................................19

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Reporting Critique.....................................................................................................................19
Extensiveness and Accessibility................................................................................................20
Comprehensiveness...................................................................................................................20
Conclusion and Strength............................................................................................................20
8. Value Framework Element: Customers.................................................................................21
Report Extracts:.........................................................................................................................21
Reporting Critique.....................................................................................................................21
Extensiveness and Accessibility................................................................................................21
Comprehensiveness...................................................................................................................21
Conclusion and Strength............................................................................................................22
9. Value Framework Element: People & Culture.......................................................................22
Report Extracts:.........................................................................................................................22
Reporting Critique.....................................................................................................................23
Extensiveness and Accessibility................................................................................................23
Comprehensiveness...................................................................................................................23
Conclusion and Strength............................................................................................................23
10. Value Framework Element: Innovation G&S....................................................................24
Report Extracts:.........................................................................................................................24
Reporting Critique.....................................................................................................................25
Extensiveness and Accessibility................................................................................................25

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Comprehensiveness...................................................................................................................25
Conclusion and Strength............................................................................................................25
11. Value Framework Element: Brands and Intellectual Assets..............................................26
Report Extracts:.........................................................................................................................26
Reporting Critique.....................................................................................................................26
Extensiveness and Accessibility................................................................................................27
Comprehensiveness...................................................................................................................27
Conclusion and Strength............................................................................................................27
12. Value Framework Element: Processes and Supply Chain..................................................27
Report Extracts:.........................................................................................................................27
Reporting Critique.....................................................................................................................27
Extensiveness and Accessibility................................................................................................28
Comprehensiveness...................................................................................................................28
Conclusion and Strength............................................................................................................28
13. Value Framework Element: Operational Performance.......................................................29
Report Extracts:.........................................................................................................................29
Reporting Critique.....................................................................................................................29
Extensiveness and Accessibility................................................................................................30
Comprehensiveness...................................................................................................................30
Conclusion and Strength............................................................................................................30

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14. Value Framework Element: Economic Performance.........................................................31
Report Extracts:.........................................................................................................................31
Reporting Critique.....................................................................................................................31
Extensiveness and Accessibility................................................................................................32
Comprehensiveness...................................................................................................................32
Conclusion and Strength............................................................................................................32
15. Value Framework Element: Social.....................................................................................32
Report Extracts:.........................................................................................................................32
Reporting Critique.....................................................................................................................32
Extensiveness and Accessibility................................................................................................33
Comprehensiveness...................................................................................................................33
Conclusion and Strength............................................................................................................33
16. Value Framework Element: Environmental.......................................................................33
Report Extracts:.........................................................................................................................33
Reporting Critique.....................................................................................................................33
Extensiveness and Accessibility................................................................................................34
Comprehensiveness...................................................................................................................34
Conclusion and Strength............................................................................................................34
17. Value Framework Element: Segmental..............................................................................35
Report Extracts:.........................................................................................................................35

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Reporting Critique.....................................................................................................................35
Extensiveness and Accessibility................................................................................................36
Comprehensiveness...................................................................................................................36
Conclusion and Strength............................................................................................................36
Reference.......................................................................................................................................37

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PwC Value Framework Elements
1. Value Framework Element: Strategies and Objectives
Report Extracts:
(Page 81, Integrated Report 2017/18)
The assessment aims to present the strategies which are formulated by the management
of Air Traffic Navigation Service Ltd is to ensure that the business is able to operate with
sustainability in the operational framework of the business Atns.com. (2019). The organization
aims to promote sustainability by bringing about technological development in ATM

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Community. Further, the management aims to implement continuous improvements for
managing resources and climatic changes.
Reporting Critique
The reporting critiques which are presented in the annual report of the business are shown
below in point form:
 The management of Air Traffic Navigation Service Ltd has shown its strategies in details
focusing on sustainability and innovation.
 The business has also set out a proper timeline for achieving the goals of the business.
Extensiveness and Accessibility
The annual report of the business shows a whole section on strategies and
implementation of the same and the same is covered on page 81. The business has presented
appropriate charts and explanation for proper understanding of the strategies.
Comprehensiveness
The strategy section of the annual report of the business shows the future perspective of
the business so that the services of the business are of the best quality. The focus of the business
is sustainability approach in the business.
Conclusion and Strength
The business is focusing on maintaining efficiency in the organization by putting more
emphasis on sustainability practices in the business. The business also focuses on continuous
improvement and innovation for enhancing the operational capabilities of the business.
Therefore, it can be said that the quality of strategies and objectives for the business is ‘good’.

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2. Value Framework Element: Business Model
Report Extracts:
(Page 14, Integrated report 2017/18)
Reporting Critique
The report critique for the business model which is followed by the company is shown below:
 The extract which is considered provides a clear picture of the process which is to be
followed by the business for the purpose of creating value in the business.
Extensiveness and Accessibility
The business of Air Traffic Navigation Service Ltd has effectively presented the business
model of the company in page 14 of the annual report both in the form of chart and explanations.

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The business model also sets out the plans of the business for improving quality of services and
also lists out any assumptions which are taken by the management.
Comprehensiveness
The business of Air Traffic Navigation Service Ltd appropriate uses modern technology
and user information for properly maintaining the air traffic. The company considers the
development of aviation industry and is trying to make continuous improvements in the business
structure and performance (Atns.com. 2019).
Conclusion and Strength
The management of the company has implemented proper strategies considering the
business model which is formulated by the business and therefore the reporting quality of the
same is ‘good’.
3. Value Framework Element: Governance
Report Extracts:
The board of directors of the business is responsible for maintaining the governance
standards of the business. The board is trying to make continuous improvement in the corporate
governance structure of the business. An extract which is presented below shows the extracts of
the governance strategies of the business