Intermediate Management Accounting Report
Added on -2020-07-22
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Intermediate ManagementAccounting
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31: Evaluate the financial and business performance of Everton Football Club.....................32: Evaluation of the use of short term decision-making techniques.......................................53: Critical evaluation of using sensitivity analysis to assist Everton to create financial model..64: Recommendation................................................................................................................8CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
INTRODUCTIONNowadays, it has been seen that maximum companies want to make use of accountingsystem in order to manage their business operations in an effective manner. Managementaccounting will lead to increase productivity and efficiency of “Everton football club companylimited”. The primary aim of managers is to make use of financial transactions in order togenerate positive results by utilising resources of the company in more effective manner. This company is dealing as a football club in Liverpool, England that usually competes inpremier league. Everton were established as St. Domingo FC in 1973. During there domestic orinternational matches, fans has integrated and sit in the similar parts of stadium. For the durationof 1927 to 1928 campaign, Dixie Dean marked a record of 60 league goals for Everton, as theywent on to attain the first division. After winning the league matches and cup they lost out in FAcup final to Manchester united (DRURY, 2013). TASK 11: Evaluate the financial and business performance of Everton Football ClubIntermediate management accounting is an essential part of a well organised programmewhich is designed for anyone that is just starting out their own business operation, finance andaccounting journey. This assists in increasing their accounting and financial skills. The balancescorecard is being used as the most comprehensive system for examining performance ofEverton Football Club’s financial condition. BSC presents as an effective evaluation andmeasurement system of performance which is more complete than financial accounting system.It is said to be perfect combination of financial performance evaluation which consists of current,past and future performance data and put non-financial criteria beside the financial outcomes.Also, it would provide full attitude to an organisation to manager regarding the news inside andoutside an organisation. It also creates casual relationships among different elements of aFootball club and views their uniform entity. As per the advance researchers, balance scorecardis the perfect evaluation of performance with their general views to Everton Company with a setof financial and non-financial scales (Stice and Stice, 2013).Although, Balance Score Card (BSC) was implemented as a perfect technique of businessoperations for the purpose of analysing financial performance of an organisation. It is turnedaround into a perfect strategic management system which is generally helpful for the company.3
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