Processing of Manufacturing and Trading †MyAssignmenthelp.com

Question: Discuss about the Processing of Manufacturing and Trading. Answer: Introduction: The Australian dairy products are the most famous dairy products of China that is due to the rich quality and benefits it provides. If the value of product comes for an infant, then the product which provides the best safety and has the best benefits is chosen. Therefore, the rich nutrients and heath safety of the Australian dairy products, it is the best to feed the infants and also it ranks the highest among all other dairy makers. The Australia dairy market has a really good distribution system which makes it easier for the customer to reach the product and thus leading the market in terms of choice and availability. The major difference which drives the customers to choose Australia Dairy products over the Chinese products is the quality of the commodity as well as the choice of the consumers. It is clearly seen that the crowd is much more satisfied with the Australian dairy products thus leading to the drop in the sales of Chinese dairy products (Australian Dairy Products, 2017) . The product is not only profitable for the company to earn revenue and increase sales, but also the nutrient rich and healthy product makes it very beneficial to the consumer families. All the above factors lead to increase the demand of the product thus forcing the company to manufacture more products which in turn leads to the revenue generation. A strong supply chain was maintained and thus making it useful for the company to get into import and export of the products. Management accounting practices vary in different regions and countries. Similar is the case when it comes to management accounting systems of the Chinese and Western countries. In the case of western countries, all the legal and legislative rules and regulations are followed according to the Companies Act which states that the amendments and revisions of the policies of accounting are not having any legal binding power and the formulation of the principles is done according to the National legal framework (Hwang et. al, 2008). The commands for a company can be formulated along with the ascertainment of the other rules on an individual basis as the Banking ordinances are prepared for the listed and financial institutions. It makes the base line which is used to set other standards and maintain the other bodies of accounting. China has a different case as it have initiated to use a completely new method of accounting system. The major firms of the market use the method of joint produc t costing and also budgeting. The rate of embracement of the Chinese firms has been observed to be very high when it comes to the standard costing (Fubier, 2017). When it comes to the matter of embracement of the accounting systems, then both the normative and the standard costing methods have not much things to differentiate. Guanxi will play a key role in attaining an upper hand in the process of conversion and thereafter, persuade the relationship that altogether facilitates in better dealings in business. Therefore, the interaction will be assisted by the social network and can thereafter assist in arriving at a proper process of dealing. Moreover, it must also be taken into account that the role played by Guanxi plays a key role in establishing a bond betwixt two individuals through the exchange of favors instead of sentiments (Du et. al,, 2015). Furthermore, on the other hand, power distance can be explained from the viewpoint of the people of the management. It refers to the extent to which members who are lesser powerful in the societies accept and expect that distribution of power is facilitated in an unequal manner. However, after taking into account, the overall scenario, it can be stated that Deirdre Lynch is carrying a higher prospect and that coordination or interactions with the China Dairy companys manager will be in a good pace, thereby ensuring a proper successful path. Such prospect is advantageous for the people of China and such viewpoint is already reflected to the manager of China Dairy. Besides, the dairy products based in Australia can easily take advantage of the market and gain a higher share of the market taking into account the popularity and choices offered by the company (Woodbine Scully, 2014). Nevertheless, because of the fact that the customers pursue an effective dependence on the dairy items, it will play a key role in enhancing the effectiveness of the process of export (Chow Ho, 2008). Therefore, taking into account the perceptions of the company manager of China Dairy, it can be concluded that the coordination, as well as interaction holds to be effective in such situation. References Australian Dairy Products. (2017). Promoting dairy through processing, manufacturing trading. Retrieved from https://www.adpf.org.au/index.asp Australian Government. (2017). Exporting dairy products to China. Retrieved from https://www.agriculture.gov.au/export/controlled-goods/dairy/operating-registered-establishment/china-requirements Chow D., and Ho. (2000). Openness of knowledge sharing within organizations China cf USA. Retrieved from https://interact2.csu.edu.au/bbcswebdav/pid-2070875-dt-content-rid-3019772_1/xid-3019772_1 Du et al. (2015). Auditors Role in China The Joint Effects of Guanxi. Retrieved from https://interact2.csu.edu.au/bbcswebdav/pid-2070876-dt-content-rid-3019773_1/xid-3019773_1 Fubier, BB. (2017). Content and Context- 'fair' values in China. Retrieved from https://interact2.csu.edu.au/bbcswebdav/pid-2070874-dt-content-rid-3019771_1/xid-3019771_1 Hwang, D., Staley, Y., and Lan, Y. (2008). Confucian culture and whistle blowing by professional accountants. Retrieved from https://interact2.csu.edu.au/bbcswebdav/pid-2070878-dt-content-rid-3019775_1/xid-3019775_1 Woodbine, F., and Scully, G. (2014). Guanxi - a two-edged sword. Retrieved from https://interact2.csu.edu.au/bbcswebdav/pid-2070877-dt-content-rid-3019774_1/xid-3019774_1