(Doc) Application Of Management Accounting Principles And Theories

   

Added on  2021-01-02

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MANAGEMENTACCOUNTING
(Doc) Application Of Management Accounting Principles And Theories_1
Table of ContentsINTRODUCTION...........................................................................................................................1Project 1...........................................................................................................................................1Covered in PPT...........................................................................................................................1Project part 2....................................................................................................................................1P3 Calculation of net profit by using various costing methods..................................................1M2 Various types of management accounting techniques..........................................................2D2 Data interpretation by using costing method.........................................................................2P4 Advantage and disadvantage of various types of planning tools...........................................2M3 Analysis of every expenditure for the month of July and August........................................3P5 Calculation of accounting system to analyse financial problems .........................................4M4 Analysing the measures to reduce financial problems in order to lead towards sustainablesuccess.........................................................................................................................................4D3 Analysis of planning tools used in company.........................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONManagement accounting is the branch of accounting which deals with providing theinternal management with the information regarding the financial health of the business andoutside economic condition of market. The preparation of managerial reports utilise the financialinformation of the company from the financial statements and it also includes the futureeconomic and non economic activities of market which assists the internal managers informulation of policies and objectives. This project discusses about the management accountingreports and application of various techniques of management accounting. Finally , the use ofplanning tools and how management accounting assists in responding to financial problems. Project 1Covered in PPTProject part 2P3 Calculation of net profit by using various costing methodsCalculation of net profit using marginal costing:PARTICULARSJanuaryFebruary Sales (35 per unit)315000402500less:Cost of Production (12+8+5)275000237500variable selling overheads (1 per unit)110009500variable cost286000247000Contribution29000155500less: Fixed cost expensesProduction overheads2000020000Administration & selling cost20002000Total fixed costs2200022000NET INCOME 7000133500Calculation of net profit using absorption costing:Particular JanuaryFebruarySales (35per units)315000402500Deduct: Cost of Production295020254790Gross Profit19980147710LESS:1
(Doc) Application Of Management Accounting Principles And Theories_3

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