Management Accounting: Systems, Techniques, and Planning Tools

Management accounting
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Table of Contents
Introduction...................................................................................................................... 3
LO1: Demonstrate an understanding of management accounting systems.....................4
P1 Explain management accounting and give the essential requirements for different
types of management accounting.................................................................................4
P2 Explain different methods used for management accounting reporting..................6
M1 evaluate the benefits of management accounting systems and their application
within an organizational context................................................................................... 7
D1 provides a critical evaluation of how management accounting systems and
management accounting reporting are integrated within organizational processes.....7
LO2: Apply a range of management accounting techniques............................................8
P3 Calculate costs using appropriate techniques of cost analysis to prepare an
income statement using marginal and absorption costing............................................8
M2 Apply a range of management accounting techniques and produce appropriate
financial reporting documents.......................................................................................9
D2 Produce financial reports that accurately apply and interpret data for a range of
business activities.........................................................................................................9
LO3: Explain the use of planning tools used in management accounting......................11
P4 Explain the advantages and disadvantages of different types of planning tools
used in the budgetary control.....................................................................................11
M3 Analyze the use of different planning tools and their application for preparing and
forecasting budgets.................................................................................................... 12
LO4: Compare ways in which organizations could use management accounting to
respond to financial problems........................................................................................13
P5 Compare how organizations are adapting management accounting systems to
respond to financial problems.....................................................................................13
M4 Analyze how, in responding to financial problems, management accounting can
lead organizations to sustainable success.................................................................13
D3 Evaluate how planning tools for accounting respond appropriately to solving
financial problems to lead organizations to sustainable success................................14
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Conclusion..................................................................................................................... 15
References.....................................................................................................................16
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Introduction
In the management accounting, there are various techniques which are available and
will be used in business so that all the work can be performed in the best manner. In
this report, the systems which are used for collection of data will be considered together
with the reports that will be prepared by the use of them. The costing methods which
are available and will be used by the company in the making of income statements will
also be explained. This will be carried out in context of Zylla and budgets will be
described which will be used as a planning tool. The manner in which company will be
dealing with the financial problems will also be taken into account in which all the
techniques that can be undertaken will be discussed.
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