Management Accounting: Planning Tools and Financial Problem Solving

MANAGEMENT
ACCOUNTING

Table of Contents
 Merits and demerits of various planning tools used for budgetary control
 Comparison of how organization are adopting management accounting for
responding to financial problems
 Use of various planning tools & application for preparation of forecast and budgets
 Application of planning tools for responding to various financial problems
 Conclusion
 References

Introduction
Management accounting is regarded as a profession that consist of various systems
that are helping in increasing the level of performance in a organisation. There
are various fundamental of accounting system that is applied in the macro
environment and is helping organisations in operating in the environment. The
present report is based on Brush electrical machines that is involved in
manufacturing of electrical generators.

Merits and demerits of various planning tools used
for budgetary control
Budget: It is a estimation that is used in future and for making prediction of
financial performance. It is used as a base for evaluating the performance and
finding what areas of business are more productive and are less. It is also helpful for
family, individual, grousp and business, in case of Brush Electrical Machines, this
is a very integral tool for managing the performance and making of forecasts.