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 Managementaccountingincludesdifferenttoolsand techniques like budgeting, marginal costing, risk analysis, standardcosting,valueanalysis,costvolumeprofit analysis etc. All such techniques provides statistical and functional information to the executives of organisation for planning, decision-makingandselectionofthemostprofitable project which provides higher return.
Concept of management accounting UCK Furniture is a manufacturing organisation which deals in two products Table and Drawer. It is understood by the management of firm that large number of benefits aregatheredthroughimplementationofmanagement accounting systems.
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Benefits of management accounting systems Managementaccountingsystemenablesintaking beneficialjudgementonthebasisofshortperiod consideration. It is really important to understand such facts and things which are reflected by MAS so that effectiveness and efficiency could be maintained.
Integration of management accounting reports Integration and combination of two aspects make things correct and appropriate in nature so that better and suitable outcomecouldbeenforcedingainingeffectiveand 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 numbers 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: EvidencefromEMASorganisations.Sustainability Accounting, Management and Policy Journal.2(1). pp.76- 100. Zang, A.Y., 2011. Evidence on the trade-off between real activitiesmanipulationandaccrual-basedearnings