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Assignment Management Accounting ( MA)

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Added on  2020-06-04

Assignment Management Accounting ( MA)

   Added on 2020-06-04

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UNIT 5 MANAGEMENT ACCOUNTING
Assignment Management Accounting ( MA)_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Report to General Manager regarding concept of management accounting andrequirements of their types to company......................................................................................1P2 Report to General manager regarding explanation of methods of management accountingreports..........................................................................................................................................4TASK 2............................................................................................................................................7P3 Difference between Marginal costing and Absorption costing and calculation of Incomestatement through these methods:...............................................................................................7TASK 3..........................................................................................................................................11P4 Report to General manager regarding advantages and disadvantage of different types ofplanning tools for budgetary control.........................................................................................11P5 Adopting management accounting systems for responding financial troubles .................13CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16.......................................................................................................................................................17
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Assignment Management Accounting ( MA)_3
INTRODUCTIONManagement accounting is the process of regulations of accounting data's, managers usethese financial informations to get support in decision-making. Management accounting providesprovisions for financial and non-financial transactions and helps manager in preparingmanagement report for higher authorities of a company (Ajibolade, Arowomole and Ojikutu,2010). Through following the guidelines provided by Management Accounting, financialmanagers able to create proficiency report to support board in implementing organisationalstrategies. Unicorn grocery is small business enterprise which operates through its retail stores. Itsbusiness is in Manchester and they fall under food and vegetables industries. This assignmentinvolves various types of management accounting systems and methods. Advantages anddisadvantages of budgetary-control tools have been discussed in a report which is presented toGeneral Manager of Unicorn grocery. There are two different scenario's discussed in thisassignment. First scenario is based on a report to General manager for implementing accountingtechniques for business. Whereas, in second scenario, financial issues faced by Unicorn groceryis explained and solution to solve this issues has been suggested through a report. The main focus of this report is on application of management accounting techniques likeprofit analysis, marginal and absorption costing. TASK 1P1 Report to General Manager regarding concept of management accounting and requirementsof their types to companyFrom: Management accounting officerTo: General manager of Unicorn GrocerySub: Management accounting systemThis report is based on Management accounting concept and how accounting systems works isrevealed by the report. Various types of management accounting system discussed in reportsare; Inventory management system, Price optimisation, Job costing system and Cost accountingsystem.Management Accounting System:Management accounting system is a specialisation which involves participation in1
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