Management Accounting: Types, Tools, and Techniques

MANAGEMANT ACCOUNTING

TABLE OF CONTENTS
INTRODUCTION.......................................................................................................................................3
P1 Management accounting system types and tools................................................................................3
P2 Management accounting reports.........................................................................................................6
P3 Marginal and absorption costing........................................................................................................8
P4 planning tools and budgetary control systems advantages and disadvantages..................................11
P5 performance appraisals to overcome financial problems..................................................................15
CONCLUSION.........................................................................................................................................16
REFERENCES..........................................................................................................................................17

INTRODUCTION
To have the favorable decision relevant with operational objectives of a business where,
management accounting plays the most efficient role. It enables the professionals in terms of
decision making as well as planning to enhance the efficiency of firm. The present report there will be
determination of various planning tools and budgetary control systems as well as the several reports
which in turn helpful for a business to make the most effective planning. There will be measurements of
revenue and expenditure of organization which will be on the basis of marginal and absorption costing
techniques. There will be analysis of various performance appraisals that will improve the operational
activities in an entity. Therefore, all the various necessary factors, types and parts of management
accounting will help the business in having the financial stability.
P1 Management accounting system types and tools
To have the most innovative ideas and new methods to resolve the financial or
operational obstacles in the firm there are several tools and techniques that will help the firm.
Therefore, while analyzing such features the professionals at organization will become able to
have the strong decision making. It will be very effective in terms of lowering down the costs of
operating activities (Garcia and et.al., 2016). There will be adequate operational activities which
will help the business to make the favorable growth as well as increment in the profitability.
These tools will help the organization in terms with acquiring the fruitful solutions as well as
ability to enhance the business performance.

Figure 1 management accounting techniques
(Source: Dragomir, Avram and Domnişoru, 2016)
In accordance with the above chart which has evaluated management accounting
techniques that will help the organization in making the fruitful improvement in the operational
activities, profitability as well as ability to meet the debts of firm. Therefore, it can be beneficial
in terms of presenting the accurate results of outcomes that will help the professionals in terms of
making innovative decisions (Bryer, 2013). Therefore, it can be analyzed as:
Tax Accounting: There is needed to make the adequate analysis of the taxation in trade
practices. However, accounting professionals in the firm will make the adequate analysis
accounts and make the accurate tax payments to the legislative authorities in UK there has been
payments of Corporate taxes and income taxes by the individual which are to be collected by