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Management Accounting Assignment (Sample)

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Added on  2020-05-28

Management Accounting Assignment (Sample)

   Added on 2020-05-28

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Running head: MANAGEMENT ACCOUNTING
Management Accounting
Name of the Student:
Name of the University:
Author Note:
Management Accounting Assignment (Sample)_1
2
MANAGEMENT ACCOUNTING
Table of Contents
Executive Summary.........................................................................................................................2
Assessment Task Part A..................................................................................................................3
Requirement a:.............................................................................................................................3
Requirement b:.............................................................................................................................5
Requirement c:.............................................................................................................................6
Assessment Task Part B...................................................................................................................7
Requirement a:.............................................................................................................................7
Requirement 2..................................................................................................................................8
Requirement 3................................................................................................................................13
Conclusion.....................................................................................................................................14
Reference List................................................................................................................................15
Management Accounting Assignment (Sample)_2
3
MANAGEMENT ACCOUNTING
Executive Summary
Management accounting is one of the processes used for preparation of management
reports as well as accounts that render accurate and timely financial information in front of
managers so that they can undertake both short-term and long-term decisions. On the other
hand, Financial Accounting provides information to the financial users that help managers inside
the business enterprise with decision-making. The role of management accounting in business
enterprise helps in forecasting the future and make or buy decisions. Furthermore, management
accounting employs different tools for forecasting business trends that include financial
modeling, simulations, ratio analysis, Management Information System, Key Performance
Indicators, Game theory as well as balance scorecards and skills to analyze financial statements.
The tools as well as techniques used in the management accounting can be categorized
under certain heads. The current segment or study explains two methods of management
accounting and these methods are cost accounting as well as cash flow analysis.
Cost accounting help in calculating cost of goods sold, produced by using various tools as
well as techniques or methods. In the first assignment, the main purpose of the report is to
compute the overhead costs for calculating the production cost. In addition, there are different
techniques used in the assignment that help in allocating the overhead expenses to specific
product. After evaluating several techniques, it is found that Activity based costing help in
allocating overheads as well as determining the product cost in an accurate way. It is even
mentioned in the first assignment that there are different overheads that are allocated to the
Management Accounting Assignment (Sample)_3
4
MANAGEMENT ACCOUNTING
product based on its benefits consumed from various related activities as shown in the Activity
based costing method.
As far as second assignment is concerned, it deals with explaining cash flow analysis as it
is treated as one of the significant tool used by the managers to understand the cash flows of any
business in an effective way. Cash flow analysis techniques had been used in the second
assignment for measuring the potentiality of a new plan.
Assessment Task Part A
Requirement a:
Activity
Activity
Cost Activity Driver
Annual
Quantit
y
Cost per
Unit of
Activity
Process Receivables $15,000 No. of Invoices 5000 $3.00
Process Payables $25,000
Nos. of Purchase
Orders 2500 $10.00
Program Production $28,000
Nos. of
Production
Schedule 1000 $28.00
Process Sales Order $40,000
Nos. of Sales
Order 4000 $10.00
Dispatch Sales Order $30,000 Nos. of 2500 $12.00
Management Accounting Assignment (Sample)_4

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