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Management Accounting - Solved Assignment

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Added on  2021-02-19

Management Accounting - Solved Assignment

   Added on 2021-02-19

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MANAGEMENTACCOUNTING
Management Accounting - Solved Assignment_1
INTRODUCTION...........................................................................................................................4TASK 1............................................................................................................................................4P1. Management accounting system and essential requirements of these systems.....................4P2. Various kind of method management accounting reporting.................................................6M1. Benefits of management accounting systems......................................................................7D1. Management accounting systems and management accounting reporting is integratedwithin organisational processes...................................................................................................8TASK 2............................................................................................................................................8P3. Preparation of an income statement using marginal and absorption costs...........................8M2 Management accounting techniques for preparation accounting reports............................12D2. Interpretation of financial reports.......................................................................................13TASK 3..........................................................................................................................................13P4 Advantage or disadvantage of planning tools which is used for the budgetary control.......13M3 Uses of different planning tools and their application for preparing and forecasting budget...................................................................................................................................................15P5 Compare how organisations are adapting management accounting systems to respond tofinancial problems.....................................................................................................................15M4Responding to financial problems, management accounting can lead organisations tosustainable success.....................................................................................................................17D3 Evaluate planning tools for accounting period to respond financial problems appropriately...................................................................................................................................................17CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................19
Management Accounting - Solved Assignment_2
Management Accounting - Solved Assignment_3
INTRODUCTIONThe management accounting system can be defined as a kind of accounting system apartfrom other accounting system which provides information to the managers for better decisionmaking. In other words, it is an accounting system that includes all kind of information includingfinancial and non financial that becomes a basis for preparation of policies and plans in thecontext of organisations (Abdelmoneim Mohamed and Jones, 2014). Though this accountingsystem is not mandatory for the companies to apply but now these days due to its benefits it isbecoming very crucial for the organisations To understand in detail about managementaccounting, alpha financial consultancy company is selected which provides financial services totheir clients who operates in retail, manufacturing etc. Their client company is TPG processingcompany which is involved in the manufacturing sector. Overall in the project report differentkind of management accounting systems, reports are mentioned as well as use of costingtechnique is described for preparation of financial statements. Apart from it, in the reportadvantages and disadvantages of planning tools and role of management accounting system inresolving the financial issues is also described.TASK 1.P1. Management accounting system and essential requirements of these systems.The management accounting system consists different kind of system which plays animportant role in the context of organisations. Like the alpha financial consultancy provideguidance to their client company. Herein, below some types of management accounting systemsare mentioned below:Price optimisation system- This is a kind of accounting system which provides aframework for deciding the prices of products and services. As per this accountingsystem companies assign the price in an effective manner which is beneficial for both tothe customers and companies. Except from it, this accounting system plays an importantrole in analysing the customers feedback on different pricing levels. So this is essentialfor two activities first one is fixing the price of products and services as well asevaluation of customers on different prices. Same as in the TPG processing company they
Management Accounting - Solved Assignment_4

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