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(PDF) Cost and Management Accounting

   

Added on  2021-01-22

17 Pages3111 Words429 Views
ContentsIntroduction................................................................................................................................................2TASK 1.......................................................................................................................................................21.1. Create a plan to collect primary and secondary data...............................................................21.2. Choose appropriate survey methods, sampling techniques and questionnaires.................31.3. Collect data using your plan and sampling methods................................................................41.4. Produce a report summarizing your findings, rationale and conclusions..............................6Task 2.........................................................................................................................................................72.1: Explain the main financial statements........................................................................................72.2. Comparison of different formats of financial statements and their appropriateness for different types of business...................................................................................................................9Task 3.......................................................................................................................................................133.1. Explain and apply management accounting techniques to classify and calculate costs and prepare budgets for an organization of your choice. In your response, you should classify different types of cost, use different costing methods for your calculations, and select appropriate budget methods in preparing a budget.......................................................................13Task 4.......................................................................................................................................................164.1. Use appropriate accounting techniques to support decision-making, including pricing and investment decisions. In so doing, you should analyses budgets, explain calculation of unit costs, use selected investment appraisal techniques and identify the sources of finance available to a business.......................................................................................................................16

IntroductionThis assignment is based on the Everpia London which is one of the well reputedcompanies in the London. The company is considering expanding the business. Thedecisions making process by the managers of the company is based on evaluation ofdifferent sources for the collection of the data. TASK 11.1. Create a plan to collect primary and secondary data The collection of the information and data is seen of the important responsibility for theEvepia’s. There is differentness source are available to the company for collecting theinformation and data but the main categories of the sources of the data are the primarysources and the secondary sources. Secondary dataThe data which is collected from those resources including the data collected by otherresearchers during the research is called secondary data. In the context of the Everpiathe secondary data is collected in the following way:The data regarding the location of the Everpia is collected on the basic of geographicallocation of each province. 50km could be localize by the company Lupton and then inthe Atlas Geography of London or searching on Google.The data and information regarding the evaluation of the suitable place for theconstruction is collected considering the area of each province.DPI website of every province is use for collecting the information a data regarding tidentification of province which have big concentration of small and medium textilecompanies and the province which have more stringer and attractive economic positionin contrast to other provinces.

The criteria provided by the Everpia could be evaluated by the first two criteria with thehelp of eth secondary data collected above by selecting three different cities.Primary data The primary data will be collected by selecting the operating textile companies in veryprovince and the main purpose of the collection of the data through the primary sourceis to evaluate the behavior and the production capacity of the company (Bpp, 2004, p7).Primary source of the information is those resources which are carrying out by theresearcher from the start and the information collected by the primary source is new.The primary source which could be use includes the surveys and interviews.1.2. Choose appropriate survey methods, sampling techniques and questionnaires Sampling frame is the list of companies operating in the selected cities. The sampleiselction is the next in the process and the sample is selected based on the behaviorand the production capacity. The research will be carry out by selecting one companyas sample and the sampling technique is use by the management to select somecompanies form the available list of the companies in the industry. Stratified method isconsidering as suitable method which will be use in the research.The selected number of companies in each province is showing in the table below:

From province A and province B 3 companies are selected and companies are selectedform the province C and for this survey method is used. Different companies need to be divided into the different parts and secondly three sub division will be selected to evaluate the city the number of company and other industries will also be consider.1.3. Collect data using your plan and sampling methods Questionnaire is used for evaluating the behavior and the capacity production regardingthe process by the customers. Different questions are selected to be asked from thecustomers and then information and data will be collected on teeth basis of thefeedback they provide. The skills of the employees, the profit, the capital, liquidityposition is empierce of the employee sare some of the important elements which areconsider in respect of creating the questionnaire for collection of the data and theinformation.

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