Management Accounting in Natural Window Limited : Report
Added on -2020-07-22
| 18 pages| 5312 words| 36 views
Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 4 of 18 pages
MANAGEMENTACCOUNTING
To: General Manager of Natural Window Limited.From: Management Accounting OfficerSubject: Accounting report that will help in making proper decision and strategies with use ofeffective technology too.
Table of ContentsINTRODUCTION...........................................................................................................................2TASK 1............................................................................................................................................2P1 Management Accounting and its various types of accounting systems.................................2P2 Different method used for accounting report.........................................................................4TASK 2............................................................................................................................................6P3 Technique of Cost analysis using marginal and Absorption cost..........................................6TASK 4..........................................................................................................................................10P4 Advantages and disadvantages of planning tools and for budgetary control.......................10TASK 4..........................................................................................................................................13P5 Organization which adopt the management accounting system..........................................13CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................141
INTRODUCTIONIn today's scenario, Management Accounting is such which help company to have properdecision in firm and they also record the financial and non-financial activity. These term is thatwho aid in making investment in better way. Generally, every individual firm look forward toconduct research in order to gain information of market as where investment can be made andmaximum return can be gained (Arroyo, 2012). Moreover, technology is playing crucial role inaccounting and helping enterprise to record every transaction at single place in right context.Normally, changes in outside environment does affect the working of organization and for suchfew creativity in policy and procedure do help in handling and maintaining the situation in betterway. The report is based on Natural Window Limited, as offer various wooden doors andwindows in a reasonable range that attract the customers to take their product and services andmake them to satisfy. Firm themselves uses effective technology according to requirement toimprove their working in better way too. Management accounting is that as uses differentmethod. Although, planning tools with comparison of two entity and also help in many financialissues of company. TASK 1P1 Management Accounting and its various types of accounting systems.To: General manager of Natural WindowFrom: Accounting officer. Management Accounting: Management accounting help to determine the process ofmeasuring, identifying, interpreting, analysing and communicating financial information toaccomplish a firm's goals, known as accounting. There is a difference between managementaccounting and financial accounting; management accounting provides detailed financialinformation and develops reports for internal and confidential use for a company's managers totake decisions, whereas financial management aid in offering information to the external partieslike stakeholders,public regulatory and lenders, in accordance with general accounting principalsof an organization (Chenhall and Smith, 2011). The purpose of preparing management accountsand reports is that; it offers a timely and accurate statistical and economical information which isrequired by the managers to establish routine and short time decisions with efficiency. There are2
Found this document preview useful?
You are reading a preview
Upload your documents to download
or
Become a Desklib member to get accesss
Paid Plans
Free Plan
Single Unlock
Monthly Plan
Yearly Plan