Management Accounting: Methods, Tools, and Reports

Management accounting

INTRODUCTION
This presentation focuses on the critical discussion on the
management tool its methods and tools to evaluate the
performance of company.
The different types of management accounting system and its
essential requirements have been analyzed.
The application of the management accounting is also done.
The different type of the management accounting report is also
identified.

IMPERATIVENESS OF MANAGEMENT
ACCOUNTING INFORMATION
 It is used to evaluate whether company has adequate resources to
implement proper business decision.
 It is also used to control the cost of the business and increase the overall
effectiveness.
 It helps in opting particular investment project in determined approach.

DIFFERENT TYPE OF THE MANAGEMENT ACCOUNTING SYSTEM
• Job Costing system- It is system for the
allocation of cost arise from the
manufacturing to other individual items.
• Inventory management system- This
system is used to manage the minimum
and maximum inventory quantity in the
business.
• Price- Optimization system- This system
is used to determine how client will react
with the changes in price of the offered
goods and services.
• Cost report- It shows the COGS and
process costing.
• Budget- It estimate the future expenses
and incomes (Utley, 2016).