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Accounting Fundamentals - Desklib

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Added on  2023-06-18

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This article covers Accounting Fundamentals, Break-even analysis, Management accounting techniques, importance of management accounting and limitations of break-even analysis. It also includes solved questions related to break-even analysis and management accounting.

Accounting Fundamentals - Desklib

   Added on 2023-06-18

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Contents
INTRODUCTION...........................................................................................................................................3
QUESTION 1.................................................................................................................................................3
(a) Calculate the break-even point (in units and revenues) of product A for Kerrigan Ltd......................3
(b) Calculate the profit made on sales of 75,000 units............................................................................4
(c) Calculate the new profit figure for the improved product..................................................................4
(d) Discuss the limitations of break-even analysis...................................................................................5
QUESTION 2.................................................................................................................................................6
(a) Discuss the importance of management accounting, and how it differs from what financial
accounting provides................................................................................................................................6
(b) Discuss three techniques by which the management accountant can achieve the objectives of
management accounting.........................................................................................................................7
REFERENCES................................................................................................................................................8
Accounting Fundamentals - Desklib_3

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