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Management Accounting - Assignment

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Added on  2021-02-19

Management Accounting - Assignment

   Added on 2021-02-19

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Management Accounting
Management Accounting - Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Management accounting and its types..................................................................................1P2. Different methods used for management accounting reporting............................................2TASK 2............................................................................................................................................2P3 Income statement under absorption and marginal costing.....................................................2TASK 3............................................................................................................................................2P4. Advantages and disadvantages of different types of planning tools used for budgetarycontrol.........................................................................................................................................2TASK 4............................................................................................................................................2P5. Comparison of organisation in order to sort out financial issues by help of managementaccounting system.......................................................................................................................2CONCLUSION ...............................................................................................................................2REFERENCES................................................................................................................................2
Management Accounting - Assignment_2
Management Accounting - Assignment_3
INTRODUCTIONManagement accounting is a way of recording company's monetary and non monetarytransactions in an effective manner with an objective of management of internal aspects(Fullerton, Kennedy and Widener, 2013). Under this accounting internal reports are produced formanagers so that they can take suitable actions in the direction of achieving company's goals andobjectives. Basically, the main objective of this project report is to describing and understandingterm management accounting in a detailed way. For better understanding of different task ofproject report a business is selected which is Q clothing company. This company is located inLondon, United Kingdom and operates in manufacturing of cloths. The project report coversabout vital range of accounting systems, MA reports, income statements as well as role of MASin order to assess financial issues. TASK 1P1. Management accounting and its types.The management accounting is broad term which starts with process of collectingmonetary and non monetary outcomes of companies and ends with preparation of internalreports. This accounting consists a vital range of functions which are mentioned below such as :Provide data – This is a main function of MA which consists information aboutquantitative and qualitative transaction about company. Modify data – Another function of MA is to analysing and modifying collected data sothat it can be utilised for further use (Kihn and Ihantola, 2015).Analyse and interpret data – As well as MA is linked with analysing and interpretation ofdata so that managers can aware about financial position.Quantitative and qualitative – This is the main function of MA which states that under itboth kind of information is gathered including financial and non financial transaction. Types of accounting system:Financial accounting system – This can be defined as a kind of accounting systemwhich is applied in companies for collecting and analysing financial information. It isformulated financial system which are being represented to both stakeholder internal andexternal. Within this, it is crucial to perform auditing of whole developed financial1
Management Accounting - Assignment_4

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