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Report on Management Accounting Information

   

Added on  2019-12-03

18 Pages4077 Words127 Views
Management accounting

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................4TASK1 BE ABLE TO ANALYZE COST INFORMATION WITHIN THE BUSINESS OFBUCCANEERS LTD......................................................................................................................4P1.1 .............................................................................................................................................4P1.2 .............................................................................................................................................5P1.3 .............................................................................................................................................5P1.4..............................................................................................................................................6TASK 2 BE ABLE TO PROPOSE METHOD TO REDUCE COSTS AND ENHANCE VALUEWITHIN THE BUSINESS..............................................................................................................7P2.1 .............................................................................................................................................7P2.2 .............................................................................................................................................7P2.3 .............................................................................................................................................8TASK 3 BE ABLE TO PREPARE FORECASTS AND BUDGETS FOR A BUSINESS............8P3.1 .............................................................................................................................................8P3.2 .............................................................................................................................................9P3.3 ...........................................................................................................................................10P3.4 ...........................................................................................................................................10TASK 4 BE ABLE TO MONITOR PERFORMANCE................................................................12P4.1 ...........................................................................................................................................12P4.2 ...........................................................................................................................................13P4.3 ...........................................................................................................................................13CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15.......................................................................................................................................................16

INTRODUCTIONIn today’s competitive and rapidly changing environment, it is essential for the organizations todecide effective course of action. In order to effectively plan business course of action, the variedrange of management accounting information is required. The financial information tends tosupport effective decision making within the organization. It is through access to wide range offinancial information that the business unit is able to decide effective course of action. The reportinto consideration develops deep understanding of manner in which management accountinginformation helps in decision making process. Moreover, the manner in which managementaccounting techniques helps in supporting strategic management decisions. Moreover, it throwslight on manner in which budgeting and forecasting techniques is considered to be effectivedecision making tool. It also helps in understanding ways through which managementaccounting techniques can be used in the current competitive era of business.TASK1 BE ABLE TO ANALYZE COST INFORMATION WITHIN THE BUSINESS OF BUCCANEERS LTD.P1.1 4

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