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Management Accounting of Triplex Safety Glass

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Added on  2020-07-23

Management Accounting of Triplex Safety Glass

   Added on 2020-07-23

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MANAGEMENT ACCOUNTING
Management Accounting of Triplex Safety Glass_1
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1P1 Management accounting and essential requirement of utilising various MA system...........1P2 Various methods of management accounting reporting(Triplex Safety Glass).....................3TASK 2............................................................................................................................................5P3 Calculation of cost with the help of various methods............................................................5TASK 3............................................................................................................................................8P4 Different forms of budgetary control and their advantages and disadvantages.....................8P5 Use of various methods on responds on different financial problems.................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
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INTRODUCTION Management accounting is one of a most helpful term in context of any organisation.This methodology is very one of the best approach through which managers can find outdeviations which are taking place during an accounting year in short run activities of business.This is made with combination of two terms which are management and accounting. A briefexplanation about these terminology is to manage the account reports in a proper manner so thatbeneficial decisions can be taken out on their basis (Ahadiat, 2013). With assistance of theseshort term reports which formulates by managers, management become able to take importantand suitable actions which are just for the long term survival of an organisation. This presentreport is based on Triplex Safety Glass which generally deal with automotive windscreen. Theydeal at small scale. In this assignment necessity of management accounting in companies arediscussed. Moreover types of MA are also described in this study with evaluation of costconcept. Further there are some more factors are also briefly explain in this judgement whichsignifies about that if an organisation leads to face any financial problem then how they going torespond upon them. TASK 1P1 Management accounting and essential requirement of utilising various MA systemAt each and every workplace, management plays a crucial role in making success of anyoperational activity. Whole work are the essence and do not get complete without appropriatetechniques which used by authorities. Hence, one of a act which get done in making anorganisation financial viable is management accounting. This method is used by many small andlarge firms to identify that their working are going in right direction or not. With properassistance of all such information which are identified with help of management accounting,financial reports get prepared (Arroyo, 2012). Main reason behind preparing these reports are toprovide benefit to internal audiences of a company. This element provide a platform for managers to take and formulate proper reportsthrough which they can take right decisions in very short period of time. Thus this procedureleads to provide growth to these small and large firms. Unlike financial reports which areprepared at the end of each year and on those basis, decision makers formulate strategies, thisapproach aid in taking and changing schemes which are based on long run. Thus, main purpose1
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