Management Accounting Tools or Techniques
Added on 2021-02-20
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Management Accounting
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Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................31. Effect of fluctuating electricity prices and intermittent interruptions to supply for small tomedium businesses......................................................................................................................32. Management accounting tools or techniques could these businesses use to determine thefinancial impact of the current South Australian situation..........................................................4Businesses use to determine the financial impact of the current South Australian situation withthe help of using these tool and techniques.................................................................................43. Recommendation.....................................................................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONManagements accounting is known as managerial accounting which provides theinformation to the managers in their decision taking process (Bender and et.al., 2018). It requireaccounting skills to manage the accounts and financial information. The present report studiescase scenario of north powers station in South Australia which experiences the series of powerinterruption including state wide disruption. The report will discuss effects of fluctuating pricesand intermittent interruptions to supply for small business. Study on the tools and techniquesused in management accounting. MAIN BODY1. Effect of fluctuating electricity prices and intermittent interruptions to supply for small tomedium businessesTheir is symbiotic relationship between business and the electricity. Energies have animportant impact on the small scale business. The supply of electricity is the critical factor forthe small business (Dziawgo, 2018). When theirs is fluctuating electricity prices and intermittentinterruptions then the performance of the business results in the poor quality of supply of theservices by the small business and their inability to meets the growing demands of the customersdue to which the customers are not able to get satisfied by the product quality. Due toinappropriate tariff charges which often results in the political interferences with the tariffcharges below the marginal cost (Sinobad, M.D., 2019). Due to poor governances or unstablegovernments raises the issues for regional and ethnic conflicts. As a consumer of electricity itcreates the frustration for tariff charges and the small scale industry have less financialflexibility. As in the fluctuation price the supplier of the electricity looks for earning of the extraincome.The infrastructure of the small business affects the prices of the electricity as when thebusiness consumes more electricity the business energy prices will increases which requires toincreases the operating cost and the construction of the power station which causes to increasesthe cost charges and electricity bills (Czytelnicy, 2018). Weather also affects the businesselectricity prices when some times the power cuts are due to atmospheric condition which aredamaging the power lines and require to be repaired many times due to which the business of
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