TASK 11 P1 Management Accounting Systems

3 TASK 25 P3 Costing Techniques to prepare income statements.5 TASK 310 P4 Advantages and disadvantage of different planning tool 10 TASK 414 P5 Management accounting in response to overcome financial issues. 2 Difference between Management Accounting and Financial Accounting |Financial accounting.|Management accounting| |It is basically related with an |This accounting system is useful to | |accounting system, which have main |deliver meaningful information to| |focus on proper preparation of financial|internal manager

Management Accounting

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1Management accounting and different types of management accounting systems...........1
P2 Various types of useful reports..........................................................................................3
TASK 2............................................................................................................................................5
P3 Costing Techniques to prepare income statements...........................................................5
TASK 3..........................................................................................................................................10
P4 Advantages and disadvantage of different planning tool................................................10
TASK 4..........................................................................................................................................14
P5 Management accounting in response to overcome financial issues................................14
CONCLUSION..............................................................................................................................15
REFRENCES.................................................................................................................................17

INTRODUCTION
The concept of management accounting is relate with procedures that are deliberately
combines together in respect to give essential understanding and knowledge of business
operation to internal decision maker (Management Accounting, 2019). In general, the method of
determination, evaluation, examination, accumulation, interpretation and communication of
meaningful information that is further used by manager to measure, control and maximise the
best possible use of resources in order to increase profit, but overall to accomplish the business
strategy. In this project, Aon Consulting, is selected that is a average size consultancy firm that
is providing consultancy service to Sewport is selected that have main operation producing
designer cloths.
In scenario 1 of this assignment various reports and system of management accounting
are discussed. This reports also covers various costing methods in order to determine the net
profit and prepare income statement. On the other side in scenarios 2 various planning tool are
used to prepare budgets and management accounting system are implemented to overcome
financial issues.
TASK 1
P1Management accounting and different types of management accounting systems.
Management accounting: The concept of management accounting is related with
controlling, monitoring the business activities so business can be more efficient in the term of
effective planning and business action. It is a process that give financial information to
management of company so they can make accurate decision for better control of the organisation.
Some of the crucial kind of system are discussed below:
The concept of management accounting was started with the review of cost accounting
development from 1850 through and the use of double entry bookkeeping have been used for
more than 300 year by the very first time emerged as a recognized filed.
Principle of management accounting

The main principle of management accounting that help businesses in to perform better
function. Such as control at source accounting, use of return on investment, integration and
utility.
Difference between Management Accounting and Financial Accounting
Financial accounting. Management accounting
It is basically related with an accounting
system, which have main focus on preparation
of financial statements so that financial status
can be determined and presented to
stakeholder. It have the main purpose of
recording only monetary information, not just
record it, it also uses it.
This accounting system is useful to deliver
meaningful information to internal manager so
that they can easily prepare plans, policies and
strategies for running business effectively is
known as management accounting. It mainly
focuses on monetary and non-monetary
transaction for example assessing the
performance of employees and making
required modification in order to attain the
desired results.
Management accounting systems are essential for running and managing business
operation in profitable manner. As they help to maintain a systematic record of every transaction
into proper accounting so that meaningful decision are made by internal manager. Each system
have its own importance like keeping records of cost, inventory, price that is very much essential
for companies like Sewport. These system are integrated within organisational process that aid
management to make effective results which make better improvement. System like cost
accounting is used to control cost and remove unprofitable activities, price optimisation support
to fix best price of product which help to make maximum profit.
Inventory management system: It is a structured, and methodological approach of
storing, arranging, managing, maintaining the flow of the goods at warehouse of an organisation.
It is a process of keep tracking the inventory level, stock order etc. Sewport uses inventory
management system to managing the detailed record of the new, return and maintain inward
and outward stock at warehouse centre of the company (Abdelmoneim Mohamed and Jones,
2014). The main object of the stock management is to decrease or reduce the cost of the present
or stored stock to better control of inventory management. It ensures that right product is
available at right time of demand of customer at low costs. With the help of this system

manager are able to modify their business strategy in order to maximise the
management of raw material and finished goods of company to make huge profit.
Cost accounting system: Sewport uses this report to monitor the production costs that
incurred at particular location. It also help to evaluate accurate cost of the inventory that help to
assess the total production cost for a specific time frame. Manager of respective firm are able to
control excess expenses due to which performance of other operation gets impacted, they are also
able to determine the non-profitable activities and remove them which ensure the proper
utilisation of resources to maximise profit margin. This system assess the input cost of material
at every step like raw material, work in progress and trading, delivering these goods at certain
price are helpful to maintaining the profit and cost control activities in the Sewport.
Job costing system: This system includes the process of assigning or gather the cost
associated manufacturing outcome of a particular units. Sewport normally using this method to
analyse the different items that are produced in same manufacturing unit are specifically
contrasting with each other and also each has its particular cost. The cost information from
warehouse department is also useful to determine the deciding maximum retail price that enables
Sewport to gain a reasonable profit (Bagautdinova, Kundakchyan and Malakhov, 2013).
Price optimisation system: This system of management accounting is practical model
that calculate how the product or item demand vary the price of the product at certain level.
Sewport decide the product price as per the basis of the production cost but it may vary on the
manufacturing scale of the unit. Price optimisation system can be used by the Sewport to decide
the price for particular customer division by imitating how a target customer will respond with
these price alteration in current market plan. With best suitable prices company are able to
increase sales volume and expand customer base to remain successful in competitive
environment.(Good)
Benefits of different system.
System Benefits
Cost Accounting system This system help in determination of cost by
dominating unpredicted expenses.
Inventory Management System It help company to gain reputation in market
due to its reliable supply.

Job Costing system This system is advantageous in quotation cost
plus contract.
Price Optimisation System It help to set the best price of goods to increase
profit margin that further beneficial to fulfil the
business strategy and gain better positioning.

P2 Various types of useful reports.
There are different methods used for management accounting reporting that are being
used in Sewport. These reports have meaningful characteristic which makes them relevant for
user such as:
Reliability: This means that all those items that are presented in report must be reliable
and can be verified or can be consistently used by investors and creditors in order to make
valuable investment or lending decision. It is that attribute which license users of data to count
upon it with assurance as representative of what it intent to represent.
Accuracy: The report presented for the period must be precise in all context so that any
types of error or misrepresentation's can be solved at initial stage.
The concepts of understandability states that information presented in financial reports
must be easy to read and understandable by user so that investment decision are made by
different interested stakeholder. In respective company, manager prepare all reports so that actual
performance can be easily understandable by the other stakeholder of company. These report are
essential for company as they provide the detail information about the overall financial position
of business which are defined underneath:
Management accounting reporting: This report is includes the detailed financial
information that provided by the head of the department to firm's manager in order to handling
day to day business activities (Bloomfield, 2015). Sewport uses this report to make short term

financial decision with the help of internal stakeholder in term of conducting the business
operations. These financial reports and information help to management in formulating and
implementing the business strategies.
Account receivable report: This report shows the unpaid customer list in books of
accounts of the organisation. In Sewport, account receivable report is initiated by the
management to determine the over due payment from its customers or how much amount need to
cover from debtors. This report provide strength to the credit policy of company as they can
make more sales on credit basis in case if customer are paying outstanding amount on accurate
date and time.
Budget report: This report is generated by the management of an organization to
compare the data related to estimation of the budget and actual result. Sewport company
basically prepare this report to verify the conducted business activities are able to perform as per
the set standard. In case of any deficit, proper action are made against those operational activities
due to which company was unable to produce budgeted targets.
Inventory management Report : This report is used to track the actual output of goods
sold, inward unit at warehouse, stock details, inventory level. Sewport management generates
this on quarterly basis to track the real time goods movement in the manufacturing units. There
are the certain method for valuation of the stock such as LIFO,FIFO and weighted average
method to identification of the closing stock value.
Performance report: This is detailed report which is being prepared by manager in
order to measure the efficiency and overall performance of particular functions, operation and
worker within an origination (Collis and Hussey, 2017). Sewport management formulated this
report to analysis the current performance with previous years data. This report is made to
analysis the achievement of workers in order to complete the given task in certain time period
and contribution made by them in achieving the business objects too.
TASK 2
P3 Costing Techniques to prepare income statements.
Cost is defined as an amount that which have to be paid by the buyer in order to buy
something for seller. In term of business cost in something that is usually a monetary valuation
of efforts, material and resources. There are different kind of cost that are needed to be consider

by Sewport such as Fixed, variable, Direct, indirect, product, period cost. Cost analysis is used
by manager to analyse the overall cost so that actual financial position of company can be
determined.
Cost-volume profit: It is one of the most valuable analyse that is used in Sewport to
ascertain the change in cost and volume of production which affect the production revenue and
net income. There are some assumption to made while performing this analysis Sales price,
variable price and total per unit is constant.
Flexible budgeting: It is related to the techniques that is used by management of
Sewport to see the impact of operation on different level of output so that profit can be
maximised.
Cost variances: It is related with the difference among the actual cost spend on different
operation and budgeted cost for specific period. This variance is consider to be main portion of
standard costing system that is used by Sewport.
Marginal costing: The above costing method is virtually linked to the substantive
method wherein marginal cost is invoiced to the maximum unit of cost, while on the other side
variable cost is write off over a given period of time toward overall contribution over a period. It
primarily means the increased cost used in the production of an extra item. The equation for
calculating costs of production to analyse the credible net revenue outcome for a particular time
span.
Absorption Costing: It is linked to the accounting techniques also recognized as
organizational or price accounting that use to provide all costs associated with both the
production of a particular product and product cost. it is crucial for internal GAAP disclosure. It
involves alike varied as well as fixed costs such as salaries, raw material costs and other
overheads linked to the price foundation of producing an item.
Cost allocation: It is related to methods of determining and assigning of cost to different
product within organization. In respective company it is used for financial reporting that aid to
spread cost between different section or stock items. There are different types of cost that are
elaborated below:
Fixed Cost: This kind of cost do not changes with the changes in the level of output and
are also know overheads cost. In case Sewport either manufacture 100 piece or 1000 piece these
cost are fixed same for the specific period.

Variable Cost: On the other side these cost changes with the fluctuation in the level of
production. In Sewport, cost of labour, material are variable cost that raise as the volume of
production increase.
Normal costing: It is used to mechanism the total cost of a commodity that includes the
respective components such as actual cost of material, labour. This methods is used in Sewport
to implement the actual cost to various goods and overheads rates.
Standard costing: It is related with substituting an awaited cost for an actual cost within
the annual reports. In Sewport, setting alternative variance is done to display the difference
among actual and expected costs.
Activity based costing: It is one of the best accounting process that identify and assigns
cost to each overheads function and then allocate these costs to respective goods of Sewport.
All these cost are helpful in fixing best possible price of product by controlling the
expenses incurred on manufacturing different cloths in Sewport.
Inventory cost: This type of costs are mainly connected with storage, procurements and
managing of goods within company. These are categorise in three crucial parts such as ordering
cost, carrying cost and out of stock or replenishment cost. It is very much important for Sewport
to reduce these cost as it increase the profit and make sure that saved amount in spend on other
crucial activities.
Valuation methods: There are different types of stock valuation methods that are
adopted by Sewport which increases the level of production and grow business (Bromiley and
et.al, 2015). Such as
LIFO: It is related with making of goods from the raw material that was brought last,
which help in clearing of storehouse and delivering goods at regular basis.
FIFO: This is related with manufacturing of goods from raw material that was first, so
that company production process keeps on going.
Overhead: This consider an ongoing business expenses that are not related with direct
labour or material that are used in creating valuable product. In context of Sewport some
overheads cost are rent, insurance, office supplies, salaries that are not related with product
specific.
Income statement under Marginal costing method for month of May & June
Particular May June
(in £) (in £)

Total Sales 50 15000 25000
Less: variable cost
Opening stock - 3200
D.L. 5 2500 1900
D.M. 8 4000 3040
Variable Cost 3 1500 1140
Less: Closing stock -3200 -1280
Total Variable cost 4800 8000
Contribution 10200 17000
Fixed indirect production cost 4000 4000
Selling & Distribution costs 4000 4000
Administrative costs 2000 2000
Sales commission cost 750 1250
N.P. (Net profit) -550 5750
Absorption Cost per unit
Direct Labour cost per unit 5 5
Direct Material cost per unit 8 8
Variable cost per unit 3 3
Marginal Cost per unit 16 16
May June
Opening stock - 200
Produced units 500 380
Sold Units 300 500
Closing stock 200 80
Income statement under absorption costing method for month of May & June
Particulars May June
(in £) (in £)
Total sales 50 15000 25000
Less: Cost of Goods sold
Opening stock
D.L. 5 2500 1900
D.M. 8 4000 3040
Variable production cost 3 1500 1140
Fixed indirect production expenditure 4000 4000
Closing stock -4800 2122.4
Total cost of goods sell 7200 7957.6
G.P. (Gross profit) 7800 17042.4
Selling & Distribution expenses 4000 4000

Administrative cost 2000 2000
Sales commission expenditure 750 1250
N.P. (Net profit) 1050 9792.4
Absorption Cost per unit
Direct labour cost per unit 5 5
Direct material cost per unit 8 8
Variable cost per unit 3 3
Fixed indirect production expenses per unit 8 10.53
Total Absorption Cost per unit 24 26.53
May June
Opening stock - 200
Units produced 500 380
Sold units 300 500
Closing stock 200 80
Valuation of closing stock using LIFO
Date Reference Purchase Issues Balance (Inventory)
Units £/Units £ Total Units £/Units £ Total Units £/Units £ Total
05/01 Previous balance
(inventory) 40 3.00 120.00
05/12 40 3.00 120.00
Bought 25 units
at £ 3.60 each 20 3.60 72. 20 3.60 72.00
05/15 20 3.60 72.
Issued 36 units 16 3.00 48. 24 3.00 72.00
05/20 24 3.00 72.00
Bought 20 units
at £ 3.75 each 20 3.75 75. 20 3.75 75.00
05/23 Issued 10 units 10 3.75 37.5 24 3.00 72.00
10 3.75 37.50
05/27 9 3.75 33.75
Issued 25 units 25 3.00 75.00
05/30 Issued 5 units 5 3.00 15.00 4 3.75 15.00
Valuation of closing stock by using weighted average method:
05/01 Previous balance
(inventory) 40 3.0000 120.0000
05/12 Bought 25 units at £
3.60 each 25 3.60 90. 65 3.2308 210.0000
05/15 Issued 36 units 36 3.2308 116.307
7 29 3.2308 93.6923
05/20 Bought 20 units at £
3.75 each 20 3.75 75. 49 3.4427 168.6923
05/23 Issued 10 units 10 3.4427 34.4270 39 3.4427 134.2653

05/27 Issued 25 units 25 3.4427 86.0675 14 3.4427 48.1978
05/30 Issued 5 units 5 3.44 17.2135 9 3.4427 30.9843
TASK 3
P4 Advantages and disadvantage of different planning tool.
In business world, budgets are refereed as systematic prediction of total income and
expenses in specific time frame. Budgets are also helpful in effective planning and making
strategies so that total expenditure can be reduced and maximum profit for period can be
generated (Demski, 2013). In Sewport budgets are basically prepared by analysing previous
trends and performance in order to increase the accuracy in budgeted figures. Budgetary control
is a valuable planning too that is used in Sewport to evaluate the projected budgets with real
information at a particular time frame. There are systematic steps to prepare budgets such as:
 Fix Realistic Goals
 Determine Income and Expenses
 Design budgets for accuracy
 Seasonal expenses
 Look for improvement.
There are various budgets that are prepared by management of respective company:
Cash budgets:
This type of budget is mainly formulated by accountant to work out the total inflows and
outflows of cash during a certain time period. In Sewport this budget is used to determine the
cash position and total cash holding to meet the business requirement.
Advantages:
 This support to maintain a proper record of total cash flows and relevant item within
particular time.
 With the help of cash budgets manager are able to arrange reserve funds so that future
unexpected (Kanellou and Spathis, 2013).
Disadvantage:
 It do not always provide the accurate estimation of cash as there are many contingencies
in business.
 There are many time situation of false presentation of cash information because manager
use to manipulate the transaction.
Master Budgets:

Master budget is defined as a summary budget as it involves all other budgets that is useful
in evaluation and calculation of total performance of company. This mainly focuses to cover each
financial and other elements of company so that actual and elaborated position can be ascertained
(Maher, Stickney and Weil, 2012). In respective firm, this budget is use to make decision about
manufacturing and other operation in order to increase overall profitability. There are some
advantages and disadvantage of this budgets that are discussed below:
Advantage
 It is used to determine the situation and any other uncertain financial event that may
reduces the performance of company.
 This budget is main important for company to give essential information in order to
formulate valuable statements for company to compute total profit.
Disadvantage
 The preparation of this budgets requires more time and cost.
 There are more chances of error and mistake because master budgets are prepared by
including different budgets.
Capital budget:
The main purpose of preparing this budgets is to maintain detail information about capital
payments and receipts. In respective company this budgets keeps the record of capital receipts
that are additional loans that are raised by management from various financial institution and
government bodies (Malinić and Todorović, 2012). It also holds description about capital
payments that are related with expenditure on acquisitions of different assets such as land,
machine and valuable equipments.
Advantages
 It support in understanding risk and make decision in appropriate investments.
 This budgets helps in maintaining adequate control over expenses.
Disadvantage:
 Sometime it lead to wrong decision which lead to long term durability of company gets
affected.
 All those techniques used in preparation of capital budgets are assumed so they are
expensive and time consuming.
Alternative methods of budgeting:

Activity-Based Budgeting: This method that estimates expenditures on the basis of
activities actually will be performed in relation to predetermined drivers. The budgets are derived
from the activities using estimated cost rates.
Priority-Based Budgeting: In this method, all activities are re-evaluated every time a
budget is set and combination of cost of different activities is derived. Further the optimum
suitable combination is chosen which matches the level of resources available in any
organization.
Behavioural implications of budget:
Participative Budgeting: Participative budgeting is a bottom-up approach that involves
the lower-level employees in order to prepare the budget (Takeda and Boyns, 2014). This
approach is adopted so that employees feel like a cog of company machinery because they are
affected by the budget. This approach helps in motivating the employees and improving their
performance.
Budgetary Slack: Budgetary slack is a situation where managers continuously
underestimates revenue and costs and requests more funds for padding the budget. When
subordinate managers don't estimate budget effectively and variances or slacks takes place, they
started padding. In that situation senior managers may be temped to increase expected revenue in
order to reduce the costs.
Pricing Strategies: There are mostly four types of pricing policies which are as under:
penetrating pricing: this strategy follows practise of low prices to entire in the market and
raising it slowly.
Skimming Strategy: this approach includes strategy of increase the prices high so that
market may be evolved and then lowering the prices.
Cost-plus Pricing: In this method, a fixed desired profit rate is added in the cost on the
product.
Competitive pricing: In this approach, price charged for the products are similar as the
competitor pricing.
In order to gain success and attain the desired results it is the main objective of
competitor to conduct proper market research which makes them understand the actual situation,
trends and preferences of customer. This help them to produce the relevant product and set best
price which attract more and more customer.

Supply and demands are the key factors that decide the price of any product or service.
Demand affect the price positively that means when demand increases the price also increases as
well whether supply impacts the price adversely that is when supply of any products raises,
prices goes down (Malinić and Todorović, 2012). There are so many factors that affect supply
and demand of an organization. The factors that plays a wide role in deciding pricing policies can
be understand by some techniques and methods, which are:
PEST Analysis: PEST analysis is a tool that analyse macro environmental factors that
affect pricing and revenue of an organization. PEST is an abbreviation for:
P-Political: Political Factors are that comply with governmental rules, laws and policies
that an organization have to follow to avoid any legal conflicts (Thomas, 2016). Sewport have to
comply with these rules and legislations so that it can create effective cost sheet and determine
the prices of their prices accordingly.
E-Economical: Economical factors include financial conditions and situations of a
market which are inflation/ recession, exchange rates, labour wages, competition, etc. These
sectors has major impression on financial statements of selected firm so the firm should analyse
impact of these factors on resources and decide prices accordingly.
S-Social: Social factors are the thoughts process, culture, education level, living standard,
gender ratio, etc. of the population of particular economy. These components decide quality,
specifications, ingredients and other measurements of the product which assist the firm to decide
pricing policies.
T-Technological: Newly emerging technologies, competitors' technologies, disposal of
previous machineries are the part of technological factors. The company should consider its
policies so that it can derive the output according to the customers and fix the prices efficiently.
SWOT Analysis: This is a type of analysis which categorise the strengths, opportunities,
weaknesses and threats for an organization regarding competitive market. SWOT analysis for
respective firm is:
Strengths Weaknesses
 The organization prefers to hire
skilled and experienced workforce.
 Quality of the material used in the
 The prices are a bit higher than
competitors.
 The firm is under huge debts.

products is very rich.
Opportunities Threats
 The firm is able to fulfil demands
with the use of updated technology.
 The firm is enjoying a huge loyal
customer base.
 Competition is very high in the
industryChanging in environmental
legislations may affect policies of the
firm.

TASK 4
P5 Management accounting in response to overcome financial issues.
In business scenario, there are many times situation for company when they are unable to
perform daily activities, pay salaries to employees and operation process also and these are
defined as financial problems. In the context of Sewport the main financial problems faced are
Late payments from customer and special order due to which sales for the period remain low and
there is decrease in overall productivity. Management accounting tool have been playing an
important role in identifying and resolving these issues and benefiting to upraise the performance
of respective company (Mitchell and et.al., 2015). These are elaborated below:
Benchmarking: This tool is mostly used by every company in order to figure out the
strategies implemented by other company dealing in same industry or they can adopt the strategy
of company from another sector in order to deal with a specific problem. With the help of this
tool in Sewport manager are able to determine the issue of Special order by comparing with other
organisation. Such as Airdri is able to deliver special goods to customer so manager of Sewport
are able to compare ways of producing special goods and applies strategies in order to produce
special goods.
KPI: This is defined as the crucial tool that focuses to show the real efficiency of
company in order to attain the desired goals. With the help of this tool manager are able to
analyse the internal performance of Sewport and determine the issue of late payment form
customer due to which they are not able to perform manufacture operations.
Financial Governance: It is consider to be most effective management accounting tool
that supports organisation to collects, control, manage valuable information in suitable format so

that future decision are taken by management (McLaren, Appleyard and Mitchell, 2016). In
respective company by using financial governance manager are able to solve the different issues.
Similarly it is also use to overcome the issue of special order by comparing the strategies with
other business firm producing special goods as per demand of customer.
This tool is also helpful for respective company in order to monitor strategies as it defines
the clear ownership and accountability which makes sure that financial data collected for various
operation are authentic.
Comparison on the basis of using accounting system.
Sewport Airdri
The company use to produce variety of cloths,
but at the same time facing the financial
problems of special order as they do not have
skilled worker due to which customer's
demand are not fulfilled. Customer demand for
new and designer cloths as per trends but
Sewport lack in provided required cloths.
The respective firm use to produce designer
hand dryer at reasonable price, but at the same
time facing the financial issue of more
spending than earning.
In order to resolve the issue of special order
manager are implementing the concepts of
inventory management system which help
them to maintain enough stock that support in
preparing the desirable cloths for customer.
This help in increasing brand image and
improve profit margin with more expanded
customer base.
To overcome this problem, management uses
the concept of cost accounting system that
support to maintain a systematic record total
cost incurred on production and promotion
activity and reduces of unprofitable operation.
The manager also uses benchmarking tool to
resolve the problems of Special order by
comparing there ways of producing such good
from those companies that are able to deliver
In respective company they uses KPI to
overcome this issues as they are able to analyse
the internal activities of due to which more cost
are spend on promotion either of creating
goods as per the demand of customer. favourable products.

Characteristic of good management accountant:
Acceptable personality: A management accountants personality must be acceptable by
all the employees so that he can convenience them and explain his views. these qualities and
skills can play an important role in order to solve the financial problems of selected organization
by his convincing power, analysis techniques and expertise and focus on increasing profitability.
Grasping Ability: A management accountant should have a quick grasping ability so that
he can grasp the managements views. An accountant must have the knowledge of management
skills as well as accounting skills.
CONCLUSION
In the end of this report, it is concluded that management accounting is an essential
process that helps to deliver meaningful information to internal decision-maker so that they can
make decision for improving operation in future situation. Different system and reports help
company to make valuable records and decision for better future results. Different costing
techniques like marginal and absorption costing in utilised to draw better outcome for net profit.
Flexible, cash and Fixed budgets are essential planning tool helping business entity to overcome
financial issues. Management accounting system have played an important in resolving the
various financial problem and support to attain the long term financial sustainability.

REFRENCES
Books and Journals:
Abdelmoneim Mohamed, A. and Jones, T., 2014. Relationship between strategic management
accounting techniques and profitability–a proposed model. Measuring Business
Excellence. 18(3). pp.1-22.
Bagautdinova, N., Kundakchyan, R. and Malakhov, V., 2013. Development of management
system of manufacturing companies on the basis of management accounting elements.
Bloomfield, R. J., 2015. Rethinking managerial reporting. Journal of Management Accounting
Research. 27(1). pp.139-150.
Collis, J. and Hussey, R., 2017. Cost and management accounting. Macmillan International
Higher Education.
Demski, J., 2013. Managerial uses of accounting information. Springer Science & Business
Media.
Kanellou, A. and Spathis, C., 2013. Accounting benefits and satisfaction in an ERP
environment. International Journal of Accounting Information Systems. 14(3). pp.209-
234.
Maher, M. W., Stickney, C. P. and Weil, R. L., 2012. Managerial accounting: An introduction to
concepts, methods and uses. Cengage Learning.
Malinić, S. and Todorović, M., 2012. How does management accounting change under the
influence of ERP?. Economic research-Ekonomska istraživanja. 25(3). pp.722-751.
McLaren, J., Appleyard, T. and Mitchell, F., 2016. The rise and fall of management accounting
systems: A case study investigation of EVA™. The British Accounting Review. 48(3).
pp.341-358.
Mitchell, R. K., and et.al., 2015. Stakeholder inclusion and accounting for stakeholders. Journal
of Management Studies. 52(7). pp.851-877.
Bromiley, P. and et.al, 2015. Enterprise risk management: Review, critique, and research
directions. Long range planning. 48(4). pp.265-276.
Malinić, S. and Todorović, M., 2012. How does management accounting change under the
influence of ERP?. Economic research-Ekonomska istraživanja. 25(3). pp.722-751.
Takeda, H. and Boyns, T., 2014. Management, accounting and philosophy: The development of
management accounting at Kyocera, 1959-2013. Accounting, Auditing & Accountability
Journal. 27(2). pp.317-356.
Thomas, T. F., 2016. Motivating revisions of management accounting systems: An examination
of organizational goals and accounting feedback. Accounting, Organizations and
Society. 53. pp.1-16.Grabner, I. and Moers, F., 2013. Management control as a system
or a package? Conceptual and empirical issues. Accounting, Organizations and Society.
38(6-7). pp.407-419.
Online
Management
Accounting.
2019.
[Online] Available Through:
<
h

t
t
p
18
s
: