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Management Accounting Assignment : Dell Company

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Added on  2020-02-03

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We will- Explain Management Accounting and give the essential requirement of different types of management accounting systems. Explain the different methods used for management accounting reporting.  Explain the advantages and disadvantages of different types of planning tools used for budgetary control. Compare Dell with one of the two Lenovo or HP in order to establish how organizations are adapting management accounting systems to respond to financial problems such as lack of view of what deals had been sold from a budgetary perspective as given in the case scenario

Management Accounting Assignment : Dell Company

   Added on 2020-02-03

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Management Accounting Assignment : Dell Company_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Explain Management Accounting and give the essential requirement of different types.....................................................................................................................................................3of management accounting systems............................................................................................3P2 Explain the different methods used for management accountingreporting.....................................................................................................................................6TASK 2............................................................................................................................................9P3 Calculate costs per unit under both absorption costing and marginalcosting and explain why do they differ . Explain how they are used toprepare an Income Statement under Marginal Costing and AbsorptionCosting.......................................................................................................................................9Income Statement as per absorption costing : ............................................................................9TASK 3..........................................................................................................................................12P4 Explain the advantages and disadvantages of different types of planningtools used for budgetary control....................................................................................................................................................12A. Compute the standard cost of PVC sheets required tomanufacture 4,000 keyboards. Also compute the differencebetween actual cost incurred and standard cost.......................................................................12B. Compute materials price and quantity variance...................................................................12Task 4.............................................................................................................................................13P5 Compare Dell with one of the two Lenovo or HP in order toestablish how organisations are adapting managementaccounting systems to respond to financial problems suchas lack of view of what deals had been sold from abudgetary perspective as given in the case scenario................................................................13CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
Management Accounting Assignment : Dell Company_2
Management Accounting Assignment : Dell Company_3
INTRODUCTIONManagement accounting contains the data of organisation which is related to the finance,which is generally used for the development of organisation. It is a process that can define,identify, measure, analyse and interpret information which is necessary to achieve theorganisational goals. It also helps in decision making process and also provide relevantinformation to the outsiders also. Dell is an multinational company which is based ontechnologies. It develops and repairs computers and also related products (Baldvinsdottir,Mitchell and Nørreklit, 2010). The purpose of this repost is to explain the managementaccounting methods which is useful for Dell. It also calculate the cost of absorption andmarginal. At the end of the year it is also necessary to interpret and evaluate the financial data tosee the performance of the company.TASK 1P1 Explain Management Accounting and give the essential requirement of different typesof management accounting systems.Management accounting helps management to carry out the functions that is moreeffective and efficient. It provides necessary information to the people who is is related to theorganisation. It also helps to provide financial information to the stakeholders, creditors, banksetc. For accounting proper knowledge and skills are required and it is essential to follow all therules and regulations which is related to accounting. Some techniques and process also need tofollow by the manager (Bodie, 2013).There are various functions which is related to the management accounting that ismentioned as below:Analysis and Interpretation of data: When management prepares the books oraccounts, it is necessary to analyse and interpret the data. Data which is available must bequantitative and comparable in nature. For comparison Dell company use some statements suchas comparative financial system, trend percentage, analysis with the help of ratios etc..Facilitating Management Control: Accounting is related to the management of thecompany and it needs proper control of management. It helps to control all the operations of the
Management Accounting Assignment : Dell Company_4

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