Assignment on Managerial Accounting - Dell

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Added on 2020-02-12

Assignment on Managerial Accounting - Dell

Added on 2020-02-12

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MANAGEMENTACCOUNTING1.

Assignment on Managerial Accounting - Dell_1

Table of ContentsINTRODUCTION4TASK 14P1 Explaining the concept of management accounting & the essential requirement of different MAS4P2 Evaluating different methods for the managerial accounting reporting5TASK 26P3 Computation of costs per unit under marginal and absorption costing and explaining their difference6TASK 38P4 Explaining the advantages and disadvantages of different types of budgetary planning tools8A. Computing the standard costs of PVC sheets required to manufacture 4,000 keyboards9B. Computing the material price and quantity variance10TASK 410P5 Comparing dell with HP in order to adapt MAS to respond financial problems10CONCLUSION12REFERENCES131.

Assignment on Managerial Accounting - Dell_2

2.Table of figures Table 1 Calculation of unit cost under absorption & marginal costing6Table 2 Calculation of cost of production & sale under absorption costing6Table 3 Calculation of gross profit and net profit under absorption costing7Table 4 Calculation of cost of production & sale under marginal costing7Table 5 Calculation of contribution and net margin under marginal/variable costing7

Assignment on Managerial Accounting - Dell_3

INTRODUCTIONManagerial accounting is a process of reporting and communication business performance tothe mangers and top executives which aids in right strategy formulation and smarter businessdecisions. It is totally different from the financial accounting because in this, firm’s top directorsnot only look after the preparation of annual accounts but their main target is to gather essential orimportant information for bringing out efficiency into the operations and ensure sustainable success.The present assignment here emphasizes on the managerial accounting operations and reporting fora leading information technology & cloud computing service provider firm, named Dell. In thereport, various techniques like cost calculation, standard costing and different kinds of managerialaccounting system will be analysed. 1.TASK 11.P1 Explaining the concept of management accounting & the essential requirement of different MASManagement accounting is a process of furnishing accounting information by the managersin order to make viable and feasible business decisions. It serves vital information to the managersfor making right planning through modifying, analysing and interpreting the financial information.It plays a significant role in Dell to streamline their daily operations, effective and efficientfunctionality and appropriate business planning. At the same time, it also helps firm to put bettercontrol by comparison of the actual performance with the targets and co-ordinate various functions.Management accounting system can be deployed by the Dell to deliver required information to themanagers on time for making better decisions. It helps to generate reports that allow managers tomake plans, policies and strategies for the smooth functionality. With reference to Dell, itsmanagers can take assistance of the following system, described here as under:Cost accounting system: Dell is a profit-oriented business which aims at maximizing theirnet profitability by effective control over their cost. Thus, CAS furnishes cost related data andprovides it to the managers i.e. cost of material purchase, labour’s wages and others which helps invaluation of closing stock (Banerjee and Das, 2017). By analysing the cost reports, top managersand personnel can create innovative planning and decisions to minimize expenditures and therebydrive better return. Here, two types of cost accounting system can be used by the Dell that arepresented here as under:

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