Management Accounting and Different Types of MAS

Introduction
Management accounting (MA) is a method of accounting relating to the
structured process of gathering a firm's financial non-monetary data for the
preparation of accounting documents. Such reports allow companies to take
remedial action for better governance. This power point presentation is
focused on a company headquartered in East London which is Prime
furniture. The presentation includes details about the various MAS and the
importance of these systems for businesses.

TABLE OF CONTENT
• Introduction
• Explanation of MA and different types of MAS
• Benefits of different MAS
• Various methods of MA reporting
• Evaluation of MAS and MA reports which are integrated
with process of companies
• Conclusion

Explanation of MA and different types of MAS
• Cost accounting system- It is an integrated system that tracks the expenses incurred in different
functions in depth. In the Prime limited company, their accountants use this system for
management of overall expenses
• Stock management system-The stock of businesses is carefully managed in this MA management
system. The production manager of above Prime limited company, use this accounting system to
enable better usage of stored materials.
• Price optimisation system- The management accounting system relates to the process of pricing of
goods and services in conjunction with data collected on feedback from customers on different
prices. In the above company their marketing department to set prices of furniture accordance of
this accounting system.
• Job costing system-It has been identified as an accounting system that is connected with the
assignment of manufacturing costs for a specific production unit. In this respect of above company
this allows them to determine efficiently the costs of each operation.