GBH1002 Diploma in Business Management Accounting

ASSIGNMENT 01 FRONT SHEET
Qualification BTEC Level 4 HND Diploma in Business
Unit number and title Unit 5: Management Accounting
Submission date 05/12/2021 Date received (1st
Submission) 05/12/2021
Re-submission date Date received (2nd
Submission)
Student Name Nguyen Phuong Linh Student ID GBH200818
Class No. GBH1002 Assessor Name Pham Duc Viet
Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the consequences
of plagiarism.
I understand that making a false declaration is a form of malpractice.
Student Signature
Grading grid
P1 P2 P5 M1 M4 D1 D3
1

2

 Summative Feedbacks  Resubmission
Feedbacks
Grade: Assessor Signature: Date:
Internal Verifier’s Comments:
Signature & Date:
Contents
3

A. Introduction...........................................................................................................................4
I. About the Van Phu Company...............................................................................................4
II. Van Phu recent financial performance and outstanding achievements of the company
.....................................................................................................................................................4
2.1. Income statement............................................................................................................4
2.2. Balance sheet...................................................................................................................5
2.3. Cash flow statement.......................................................................................................6
B. Main Contents........................................................................................................................8
I. The main objectives of internal accounting activities in general...................................8
1. Definitions:...................................................................................................................8
2. Distinctions between management accounting and financial accounting in terms of
objectives and responsibilities..............................................................................................8
3. The functions and roles of management accounting......................................................8
4. Management accounting system....................................................................................10
5. Why financial information must be qualitative?..........................................................12
6. The responsibilities of management accountants.........................................................13
II. The importance of responsible financial governance to business in general................13
1. Definitions and importance of financial governance for an organization..................13
2. Financial problems and how the organization can deal with financial problems.....14
3. Financial /Accounting scandals......................................................................................14
4. Recommendation to improve the company’s financial governance policy................15
III. The required personal traits and skills of the management accountant position.......15
C. Conclusion...............................................................................................................................15
References....................................................................................................................................17
A. Introduction
4