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Management Accounting of DELL - Doc

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Added on  2020-09-17

Management Accounting of DELL - Doc

   Added on 2020-09-17

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Management Accounting of DELL - Doc_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Concept of management accounting system and their different types use in it................1P2 Techniques which are essential for Management Accounting reporting..........................2M1 Benefits of Management Accounting Systems................................................................2D1 Integration of Management Accounting System and Management Accounting Reporting.3TASK 2............................................................................................................................................3P3 Calculation of cost per unit by using marginal and absorption costing methods..............3Calculation of cost per unit:...................................................................................................3M2 Income statement under Marginal costing.......................................................................5D2 Financial report.................................................................................................................6TASK 3............................................................................................................................................7P4 Advantages and Disadvantages of budgetary control.......................................................7M3 Usage of planning tool's applidcation..............................................................................9D3 Use of planning tools for solving financial problems.....................................................10TASK 4..........................................................................................................................................10P5 Examination with the challenger for choosing management accounting system............10M4 Management accounting in respond to financial problems...........................................11REFERENCES..............................................................................................................................13
Management Accounting of DELL - Doc_2
INTRODUCTIONManagement accounting is a managerial tool in which manager of an organisationprepare accounting reports. In the report, all the information will be collected by the managerand prepared in a managerial report. Organisation use this accounting system to improve theperformance level of an organisation (Ward, 2012). In this report, DELL company is use to makeeffective management accounting techniques. This report gives the complete information ofmanagement accounting and their importance in an organisation. It also describes the varioustypes management accounting system and Computation of cost per unit also explain in thisreport. Furthermore, it also helps to prepare a financial reporting by use absorption and marginalcosting techniques. This report includes the advantages and disadvantages of different types ofbudgetary tool and planning system. By making comparison of DELL with HP, effectivemanagement accounting techniques are used so that organisation can work more better.TASK 1P1 Concept of management accounting system and their different types use in itIn management accounting, it consider all the know-how and idea which are useful tomake effectual preparation, choosing best alternatives among various alternatives which are bestfit for the organisation. To make effective decision in an organisation, all the information iscollected and classified as per such manner that such information can be used appropriately foran organisation (Vosselman, 2014). Thus, to make effective decision in an organisation,information is collected, classified and analysed by the manager.Management accounting is essential for every organisation. Thus, DELL company usevarious kinds of systems so that they can measure their performance, identify the risk and useresources optimally. There are various kind of management accounting system, which are asfollows:Batch costing: In this type of costing in which group of products and services areproduced which generated the cluster cost. Such cost is not easily identified and it is consideredas the best tool in which cost of batch is transferred to the individual while making the costaccounting.Process costing: This type of costing is suitable for those activity in which large numberof homogeneous products are produced by the organisation. In this method, cost of products isidentifying at each stage of production.1
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Contract costing: This costing is used to identify the cost of product while makingcontract with the customers. In this agreed party make a contract in which both parties are unitedupon certain kind of compensate to the institution.P2 Techniques which are essential for Management Accounting reportingCost Report: Cost report all the techniques which is used to calculate the cost of rawmaterial, labour and overheads. Hence, all this information are recorded in cost report which is asummarized form, so that it will help the organisation for making effective planning and controlon profits.Budgets: Budget is very essential of management accounting because by making thebudget organisation can forecast their future activities. It includes collection of all the incomeand expenses, so that by analysis these information organisations can identify the futurecondition in the market (van der Meer-Kooistra and Vosselman, 2012).Performance report: In a performance report, it includes the variation between the actualexpenses and income in an organisation. It is a new form of budget, which help to analysis thedeviation in performance by the organisation.Other reports: It includes all the additional information of organisational activity whichare used by the manager to make comparison of different activities which make positive as wellas negative impact on organisation.M1 Benefits of Management Accounting SystemsPlanning: Management accounting helps to prepare an effective plan for effectiveoperations which are used by the DELL company. To prepare and implement a plan, companyneed to identify the objectives and as per decided objective effective planning helps toaccomplishes such goals and objectives. Controlling: Management accounting system also help to make effective control onvarious kinds of deviation which is generated from actual and standard performance. Throughthis accounting methods it helps the DELL company to make effective control in each deviation.Coordinating: DELL company also make effective coordination between variousdepartments by use of management accounting system. It makes effective coordination betweenproduction, sales, finance etc. departments for effective functioning. 2
Management Accounting of DELL - Doc_4

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