Management Accounting Report : Zylla company

MANAGEMENT
ACCOUNTING

Table of Contents
FROM: MANAGEMENT ACCOUNTING OFFICER..................................................................1
TO,...................................................................................................................................................1
GENERAL MANAGER..................................................................................................................1
ZYLLA COMPANY.......................................................................................................................1
SUB: MANAGEMENT ACCOUNTING SYSTEM......................................................................1
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Management accounting tools and its various essential and its different types:...............1
P2. Various methods used by the management accounting officer for management accounting
reporting:................................................................................................................................3
M1: Merits of implementing accounting:...............................................................................4
P3 Net profits as per absorption costing and marginal costing:.............................................5
M2:.........................................................................................................................................6
D2:..........................................................................................................................................6
TASK 3............................................................................................................................................7
P4. Use of planning tools in the budgetary controls:..............................................................7
M3:.........................................................................................................................................8
D3:..........................................................................................................................................9
TASK 4............................................................................................................................................9
P5 Management accounting systems to respond financial problems.....................................1
M4:.........................................................................................................................................2
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3

FROM: MANAGEMENT ACCOUNTING OFFICER
TO,
GENERAL MANAGER
ZYLLA COMPANY
SUB: MANAGEMENT ACCOUNTING SYSTEM
INTRODUCTION
Management accounting is the tool which is used by each firm in order to make
sustainable development. There are certain management accounting tools such as traditional
accounting, lean accounting, cost accounting, job costing, inventory management system, and
much more. With the help of these tools, any organisations can get the competitive advantage
over the others. Although, This report is made on the Zylla company which operated in the retail
trade. It is of small & medium size entity. By using management tools , firm can gain the
competitive advantage over the other rivals. However, this is observed that the company is using
these tools in order to improve the performance of the firm (Casini, Marone and Scozzafava,
2014). Various reports are made on the basis of these management tools so that they could take
effective strategy which is beneficial for the firm. Under this report, absorption and marginal
costing tools are used by the firm for maximising the firm's profits. In addition to this, various
planning tools, their advantages and disadvantages are used by the firm so that the business can
make effective decisions for the firm. However, this is the most effective tools which can be used
by each and every firms for gaining their pre-set targets. Various management accounting tools
such as, KPI, Financial governance, Benchmarking, Balance score care and so on, are used for
responding financial problems (Takeda and Boyns, 2014).
TASK 1
P1 Management accounting tools and its various essential and its different types:
The management accounting is the process of making management reports which
ultimately aim to render exact and timely financial and statistical information needed by the
managers to for making daily and routine decisions. This is the brad term which covers all the
financial and non-financial information that ultimately provides deep information about the firm.
1