Management Accounting: A Comprehensive Guide for Zylla Company

Management Accounting
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Contents
Executive summary:...................................................................................................................3
Introduction:...............................................................................................................................5
LO1:...........................................................................................................................................6
P1 Explain management accounting and give the essential requirements of different types
of management accounting....................................................................................................6
P2 Explain different methods used for management accounting reporting...........................6
M1 Evaluate the benefits of management accounting systems and their application within
an organisational context........................................................................................................7
D1 Critical evaluation of how management accounting systems and management
accounting reporting are integrated within organisational processes....................................8
LO2:...........................................................................................................................................9
P3 Calculate costs using appropriate techniques of cost analysis to prepare an income
statement using marginal and absorption costing..................................................................9
M2 Apply a range of management accounting techniques and produce appropriate
financial reporting documents..............................................................................................12
D2 Produce financial reports that accurately apply and interpret data for a range of
business activities.................................................................................................................14
LO3:.........................................................................................................................................15
P4 Explain the advantages and disadvantages of different types of planning tools used in
budgetary control.................................................................................................................15
M3 Analyse the use of different planning tools and their application for preparing and
forecasting budgets...............................................................................................................16
LO4:.........................................................................................................................................18
P5 Compare how organisations are adapting management accounting systems to respond to
financial problems................................................................................................................18
M4 Analyse how, in responding to financial problems, management accounting can lead
organisations to sustainable success.....................................................................................19
D3 Critically evaluate how planning tools for accounting respond appropriately to solving
financial problems to lead organisations to sustainable success..........................................19
Conclusion:..............................................................................................................................21
References:...............................................................................................................................22
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Executive summary:
As the management accountant of the Zylla Company, there are many changes occurred over
some time so it is important to manage the accounting system of the company. The reports
include the explanation of the management accounting systems. It is also explained how to
determine the marginal and absorption cost using the management accounting technique.
With the help of management accounting financial problems of the company is also resolved.
The report also recommend about the accounting management planning tools and the
methods of management accounting report. Report also include about the solving the
financial problem of the company which leads to the sustainable success of the organisation.
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Introduction:
Zylla Company is the large multinational organisational company. It is changing over some
time which results in the expansion of the business into new markets, structuring, acquisition
and location. Being the management accountant of the company to review and research the
management accounting methods, tools, techniques for the efficient working of the
organisation. It helps in the decision making of the company and improving the performance
of the organisation. Management accounting also helps in making management reports and
accounting which gives the proper financial information required by the Zylla Company.
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