Management Accounting: Planning Tools and Financial Issues

Management
Accounting
TASK 3 & 4

Table of Content
• Introduction
• Advantages or disadvantages of planning tools
• Use of planning tools
• How organizations adopt MAS
• Analyze how to respond financial issues
• Evaluate how planning tool helps in resolving financial issues
• Conclusion
• References

INTRODUCTION
Management accounting is the process of managing business
operations and all the activities which helps in maximising
overall productivity and performances (Banker And et.al.,
2018). It is essentially required components where managers
done strategic planning for the achievement of desired goals.
Tesco Plc selected for the better understating of management
accounting concepts.

Advantages and Disadvantages of
different planning tools
Budgetary control is described as the mechanism for
designing potential plans to increase financial results
by evaluating the company’s previous budgets.
• Flexible budget
• Capital budget
• Operating budget