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Title: Backflush accounting as adopted by Simonds Farsons Cisk plc : an evaluation
Authors: Magri, Mauro
Keywords: Simonds Farsons Cisk plc (Firm)
Manufacturing processes
Accounting -- Malta -- Case studies
Issue Date: 2009
Abstract: This dissertation aims to identify how Backflush Accounting is applied in Malta, by analysing how it is used in Simonds Farsons Cisk plc. Furthermore, it aims to evaluate the effects this accounting method has on the relevant parties including accountants and employees. This was accomplished by conducting in-depth interviews with different employees having distinct roles within the company. It has been identified that Simonds Farsons Cisk plc is making use of Backflush Accounting without having a Just-in-Time manufacturing system. Such an issue points out the fact that Backflush Accounting can also be used without having such a system in force. It has been concluded that, in order for this accounting method to be applied effectively, the company needed to make an efficient use of standard costing while make changes both in terms of its layout and accounting. Another aim of this dissertation was to evaluate the awareness of Backflush Accounting in Malta. For such research, the author decided to conduct five telephone interviews with audit firms. It has been identified, that no other company apart from Simonds Farsons Cisk plc is known as using Backflush Accounting. The reason for such lack of application might be the fact, that Just-in-time manufacturing is not much used in Malta, and Backflush Accounting is not well-known by Maltese companies. The author suggests that Backflush Accounting shall be promoted by accountants if they think that a particular company can apply this accounting method.
Description: B.ACCTY.(HONS)
Appears in Collections:Dissertations - FacEma - 2009
Dissertations - FacEMAAcc - 2009

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