logo

Management Accounting Essay Report

   

Added on  2020-07-22

14 Pages4261 Words59 Views
MANAGEMENTACCOUNTING

Table of ContentsReport...............................................................................................................................................1INTRODUCTION...........................................................................................................................2TASK 1............................................................................................................................................2P1 Management accounting and its different types....................................................................2P2 Different methods of having reporting management accounts..............................................4TASK 2............................................................................................................................................5P3 Calculation of cost to make income statement with help of marginal and absorption cost...5TASK 3............................................................................................................................................8P4 Advantage and Disadvantage of different planning tool for budgetary control too. ............8TASK 4 ...........................................................................................................................................9P5 Management accounting system which respond to financial problem..................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11

ReportFrom:- Management Accounting officerTo:- General manager of firmSubject:- Preparing a management accounting system which does help company in making abetter decision and strategy in organisation.

INTRODUCTIONIn today's scenario, the company is working hard to become successful in market andmanagement accounting is such which help company in preparing a financial information whichdoes support managers in effective manner, so that they can produce a better decision andstrategy for firm. Financial accounting do assist in making investment and from which place amaximum revenue and money can be obtained and even in better manner as well (Albelda,2011). Technology is another aid context in entity which store the needed facts data andinformation for longer too. The report is based on Answer Lab, which provide effective solutionto corporate world in their hard times related to market and make them to overcome suchsituation in better way. Firm is having a group of around 36 employees and cater methodologiesto firm for their betterment. Assignment include methods which make company in calculatingvarious cost and will help in building a income statement. Advantage and disadvantage is alsoconsidered which help in controlling budget and management accounting for solving variousfinancial problem of firm. TASK 1P1 Management accounting and its different types.Management accounting is that which help in preparing the report and accounts ofcompany after having a proper information and data about different statistics, thus it makemanagers and top executives to make a better decision and strategy for firm so that they can earnhigher revenues as well. Moreover, report is that which is consist of transaction, cash flow,revenues and account payable and receivable or information of raw material etc. (Arroyo, 2012).Although such kind of information thus help in making a better strategy and decision which canimprove performance of firm and make them to earn higher revenues with achieving goals andobjectives of entity as well. Answer lab is firm which provide effective solution related to their problem they arefacing in market and they take money from firms on the basis of work they are doing for them, itcan be said that enterprise in cost effective too. Generally, entity is having a having habit ofmaintaining a balance sheet and profit/ loss account which normally make industry to know thatthey have went through higher income or loss. Therefore there are some ways of accounting system and it is be like:

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
P1 Management Accounting & its Different Types of System
|15
|5076
|213

Assignment on Management Accounting - Tech UK limited
|14
|3718
|45

Management Accounting System
|17
|4459
|387

Management Accounting of Zylla Company : Assignment
|13
|4420
|420

Management Accounting Essay - Unicorn Grocery
|16
|5309
|48

Management Accounting in Natural Window Limited : Report
|18
|5312
|36