Management Accounting: Systems, Benefits and Applications

Management Accounting (Task 1)

Table of contents
 Introduction
 Management accounting.
 Different management accounting systems
 Benefits and application of management accounting system.
 Conclusion
 References

Introduction
Management accounting can be defined as a process
of planning and directing financial as well as non-
financial aspects of an organisation in the direction
of the goals of a company. It assists directors in
taking various decisions for an organisation. The
company chosen in this report is Prime Furniture. It
is a UK based dormant company with registered
office in Birmingham. It was established in the year
2019. There is only one director of the firm- Mr.
Haider Ali.