This assignment discusses the various management accounting systems and reports used by Eastern Engineering Co. Ltd, a medium-sized manufacturing company. It covers topics such as cost accounting, inventory management, price optimization, and job costing. The assignment also includes the computation of costs using suitable methods and the preparation of financial statements. The benefits and drawbacks of each system are evaluated, along with their application in decision-making and performance evaluation. The assignment provides insights into how management accounting helps in achieving strategic objectives and improving financial performance.