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Management Accounting Spread Sheet

   

Added on  2020-10-23

8 Pages1585 Words214 Views
Management Accounting

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Spread sheet to analyse organisational performance..............................................................1TASK 2............................................................................................................................................11. Calculation of BEP, margin of safety and budgeted net income............................................12. Requirement of funds..............................................................................................................23. Budgeted cash flow.................................................................................................................24. Cash Budget............................................................................................................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5

INTRODUCTIONManagement accounting is a process of recording, monitoring, controlling and analysinginformation of business performance and operations. The recorded data is presented in front ofinternal stakeholders of the company to in order to gain their trust and to represent thatorganisation is performing well or not (Bourne, and et. al., 2014). There are two major elementsof management accounting that are implemented in business to analyse the actual position. Theseelements are budgeting and cost volume analysis. Both of them are essential for a company toanalyse its actual performance. In this project report examination of organisation's performancehas been evaluated with the help of budgeting techniques and cost volume analysis.TASK 11. Spread sheet to analyse organisational performanceParticularAmountTotal BEP In units10Total margin of safety16.09Total profits11433Net profit9466Closing cash balance at theend of 6th month76803Required bank loan 15000Estimated sales15600From the above table it can be analysed that organisation can get a success in the marketas estimated sales for each month is 15600, profits are 11433 and closing profits are 76803which is estimation based of estimated information and figures.TASK 21. Calculation of BEP, margin of safety and budgeted net incomeCVP (Cost volume profit):This examination of various factor is process related to cost accounting that is helpful indetermining the break even point for various sales volumes and related cost modules. This gatherinformation further used by management in order to make effective short term economicdecision. This investigation makes various anticipate in order to be applicable, considering that1

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