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Management Accounting "Zylla"

   

Added on  2020-06-03

17 Pages4534 Words55 Views
MANAGEMENTACCOUNTING

Table of ContentsFROM: MANAGEMENT ACCOUNTING OFFICER..................................................................1TO,...................................................................................................................................................1GENERAL MANAGER..................................................................................................................1ZYLLA COMAPNY ......................................................................................................................1SUB: MANAGEMENT ACCOUNTING SYSTEM .....................................................................1INTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1: Management accounting and its types:............................................................................1P2: Diverse methods implemented by the management accountant for managementaccounting reporting:..............................................................................................................3M1: Merits of implementing accounting:...............................................................................4D1: Critically evaluate Reporting system...............................................................................4TASK 2............................................................................................................................................4P3: Net profits as per the marginal costing and absorption costing:......................................4M2: Different accounting techniques.....................................................................................6D2: Critical evaluation of income statements........................................................................6TASK 3............................................................................................................................................7P4: Benefits and limitation of using planning tools...............................................................7M3: Critically evaluation of planning techniques..................................................................9D3: Tools used for resolving financial issues.......................................................................10TASK 4..........................................................................................................................................10P5: Financial issues which are present in organisation and measures to reduce them.........10M4: Evaluation of financial issues.......................................................................................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13Books and Journals...............................................................................................................13

FROM: MANAGEMENT ACCOUNTING OFFICERTO,GENERAL MANAGERZYLLA COMAPNY SUB: MANAGEMENT ACCOUNTING SYSTEM INTRODUCTIONManagement accounting helps each and every firm to attains its pre-set targets with thespecified time limit. However, there are certain tools which are used by organisations for makingeffective execution of the operational works. Although, the company needs to appoint amanagement accountant who could know about the procedures for applying the managementaccounting tools (Ahadiat, 2013). There is a need to adopt these tools that can create efficiencyfor the firm. Under this report, the Zylla company is striving hard to improve their performanceby applying diverse management accounting in an effective manner. On the basis of thesemanagement accounting tools, Zylla makes certain reports which would ultimately helps theorganisation for making effective decisions. Under this report, net profits is calculated byimplementing absorption and marginal costing. Various planning tools are going to discussedunder this so that the certain strategies can be made. Various management tools such as KPI,Benchmarking, Financial governance are used under this for identifying and improving thefinancial distress of the organisation.TASK 1P1: Management accounting and its types:Management accounting is the process of knowing, calculating, assessing, evaluating andcommunicating information for meeting the company's pre-set targets. This is the branch ofaccounting which is also known as the name of cost accounting. In other words, this is the act offorming sense of financial and costing data and changing that data into the useful information forthe management so that the managers could make strategies in such a manner by which they cangain the sustainable development (Dillard and Roslender, 2011). This additionally means1

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