Management Accounting: Systems, Evaluation, and Application

Management Accounting

Table of Content
• Introduction
• Management Accounting Systems
• Evaluation of benefits of MA system
• Critical evaluation of application and integration of MA system
• Absorption costing
• Marginal Costing
• Conclusion
• References

INTRODUCTION

Management Accounting Systems
• Management accounting (MA) is internal systems which is used by the firm in order to
measure and evaluate the process for management.
• Thus, the tools and reports are assist to raise efficiency, productivity and profitability.
• In the same way, by using same tools and techniques, Crest Dairy can ensure effective
management of operations.

Types of management accounting system
Managemen
t Accounting
system
Cost Accounting
Price
Optimization
Inventory
Management
Job Costing

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Cost Accounting
• This system is used by the firm for inventory evaluation, profitability analysis
because it is link with cost of product/services.
• Along with this, cost accounting assist the management of Crest Dairy in order
to measure the financial performance by comparing the actual output with
standards.