Cover Content INTRODUCTION CONCEPT OF MANAGEMENT ACCOUNTING ESSENTIAL REQUIREMENTS OF DIFFERENT MANAGEMENT ACCOUNTING SYSTEMS DIFFERENT TYPES OF MANAGEMENT ACCOUNTING SYSTEMS DIFFERENT MANAGEMENT ACCOUNTING REPORTS BENEFITS OF MANAGEMENT ACCOUNTING SYSTEMS INTEGRATION OF MANAGEMENT ACCOUNTING REPORTS CONCLUSION REFERENCES
INTRODUCTION Management accounting includes different kind of tools andtechniqueslikebudgeting,marginalcosting,risk analysis, standard costing, value analysis, cost volume profit analysis etc. All such techniques provides statistical and functional information to the executives of organization for planning, decision-making and selection of most profitable project which provides higher return.
Concept of management accounting UCK furniture is manufacturing organization which deals in two products Table and Drawer. It is understand by the management of organization that large number of benefits are gathered through implementation of management accounting systems.
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Benefits of management accounting systems Management accounting system enable in taking beneficial judgement on the basis of short period consideration. It is really important to understand such facts and things which reflect by the MAS so that effectiveness and efficiency could be maintain.
Integration of management accounting reports Integration and combination of two aspects make things correct and appropriate in nature so that better and suitable outcome could be enforce in gaining effective and absolute results. Managementaccountingreportsprovideregularbasis consideration of operations which assist in gaining and making better results.
CONCLUSION It has been concluded from the above report that, large number of benefits are gathered by the management of UCK Furniture through adopting accounting systems. It helps them to create more understanding among their different departments.
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REFERENCES Albelda, E., 2011. The role of management accounting practices as facilitators of the environmental management: Evidence from EMAS organisations.SustainabilityAccounting,ManagementandPolicy Journal.2(1). pp.76-100. Zang, A.Y., 2011. Evidence on the trade-off between real activities manipulation and accrual-based earnings management.The Accounting Review.87(2). pp.675-703.