This assignment delves into the fundamental principles and applications of management accounting. It covers a broad range of topics, including inventory management systems, cost accounting systems (such as job costing), price optimization techniques, and various methods of generating management accounting reports. The assignment also explores budgetary control tools like incremental cost approach, zero-based budgeting, and activity-based costing. Students are expected to demonstrate their understanding of these concepts and how they contribute to effective business decision-making.