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Management Accounting Evaluating

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Added on  2020-10-23

Management Accounting Evaluating

   Added on 2020-10-23

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TOPIC:ManagementAccounting
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1P3 Calculation of cost of production and preparation of income statement using marginal andabsorption costing techniques.....................................................................................................1P4 Advantages and disadvantages of various planning tools of the budgetary control..............4P5 Evaluating adoption of management accounting system to respond to financial problems..6CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONManagement accounting is a branch of the management in which the managerialaccountant analyses all the financial activities of the business organisation. further, in the processof management accounting, the managerial accountant summarised each detail related to thefinancial activities of the company and transfers to the managers as to help them in taking theirdecision regarding financial activities of the business. The present study shows disadvantagesand advantages of different types of tools of planning that are used for budgetary controlarrangement and their application in preparation and forecasting various budgets of the company.Further, the study also shows an explanation about various management accounting techniquesthat can be used by the managers in order to enable the company in responding to variousfinancial problems and helping the whole company in achieving a sustainable success as well. MAIN BODYP3 Calculation of production cost and income statement with the help of absorption and marginalcosting techniquescalculation of opening and closing inventory using fifo methodparticularOpening stock(a)Production(b)Sales(c)Closingstock(a + b- c)Year 1040000360004000
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