Management Accounting and Reporting

Accounting
TASK 1

 In the present era, business nit places high level of emphasis on
undertaking managerial accounting tools and techniques. The
rationale behind this, management accounting tools provides input
for the cost control and thereby helps in enhancing business
performance in monetary terms.
 The present report is based on Al Sham Automotive Co which is
operating in the small business segment of car industry. In this, report
will highlight the extent to which financial accounting varies from
managerial.
 Besides this, it will provide deeper insight about the aspects of
management accounting and reporting. Further, report also depicts
the roles and responsibilities shared by accounting as well as
financial manager within the firm.
INTRODUCTION

 Management accounting and reports provide managers
with appropriate and timely financial as well as statistical
information. Hence, managerial reports assist in making
day to day and short term decision that contributes in the
growth of firm.
 Managerial accounting may be served as a process of
analyzing, interpreting and presenting information in front
of higher management team for decision making.
 By considering all such aspects Al Sham Automotive Co
lays emphasis on undertaking the tools and techniques of
management accounting.
1. Identifying the principles of management
accounting

Principles of management accounting
 Influence
 Relevance
 Value
 Trust
 Integration
CONTD....