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Management Accounting System

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Added on  2020-09-08

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|Basis|Financial Accounting|Management Accounting | |Financial Accounting is|is that which do follow| |proper way, so that firms can make an proper decision and product an strategy for the development of there company and can fight up with cut throat competition in better way. |Basis|Financial Accounting|Management Accounting | |Financial Accounting is|is that which do follow| |proper way, so that firms can make an proper decision and product an strategy for the development of there company

Management Accounting System

   Added on 2020-09-08

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MANAGEMENTACCOUNTING
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Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Management accounting and its systems..........................................................................3P2 Information of finance.......................................................................................................5TASK 2............................................................................................................................................7P3 Income statement using the operation and marginal costing............................................7TASK 3..........................................................................................................................................10P4 Different Kind of budget are there and having pros and cons of it.................................10TASK 4..........................................................................................................................................11P5 Management Accounting with financial problem too.....................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
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INTRODUCTIONIn today's scenario the competition is increasing at huge level and every industry dorequire to have an management accounting in effective way, so that firms can make an properdecision and product an strategy for the development of there company and can fight up with cutthroat competition in better way. Even though, it also help in maintaining the day to daytransaction (Garrison and et. al., 2010). Basically, entity also uses advanced technology forcoming up with proper solution to the risks and problems associated with financial accounting.The written report is based on the Tech UK which is serving million of people with the phones,special charger of cell phone and gadgets etc. Assignment will discuss about, comparison in between financial and managementaccounting and its significance by specifying management accounting. Different accountingreport and there significance with marginal and absorption costing etc. Apart from having anbudget with an pros and cons with its value as well. TASK 1P1 Management accounting and its systems.a.) Management Accounting and financial accounting with difference in between.Basis Financial Accounting Management Accounting Meaning.It is that which leads toclassify, analyse and alsorecord variety of componentsand also have in form ofconcise manner with financialaffairs with entity in properway. Management Accounting isthat which is considered asproducing effective decisionand strategies for Tech UKlimited. ApplicationFinancial accounting is aswhich shows maximumaccuracy in proper way andalso having an picture ofvarious financial affairs too ingreat way. Management Accounting isthus which do make an staff byhaving an meaningful stepsand various strategies too.
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