Report on Management Accounting Management and Its Types

   

Added on  2020-06-04

18 Pages4746 Words57 Views
MANAGEMENTACCOUNTING
Report on Management Accounting Management and Its Types_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Report on management accounting system and its different types required for management.....................................................................................................................................................1P2 Different methods of Management accounting reporting......................................................4TASK 2............................................................................................................................................7P3 Calculation of absorption costing and marginal costing in identifying income statements. .7TASK 3..........................................................................................................................................11P4 A report on merits and demerits of various planning tools of budgetary control................11P5 Use of management accounting system to solve financial problem....................................13CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
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Report on Management Accounting Management and Its Types_3
From: Management accounting officerTo: General manager of ASDA StoresSub: Management accounting systemIn this report, being a Management Accounting Officer, details of the variety of MASthat assist ASDA Stores in make the proper decision while choosing the best alternatives hasexplained by me. Different types of Management Accounting Systems such as Traditional, Lean,Throughput and Transfer systems are the part of this report.INTRODUCTIONMAS or management accounting is a enterprise learning and transformation process inwhich practical application of accounting techniques while making report is done (Bac, 2013).These reports show the financial health of an organisation in meeting its future estimation plans.Management accounting plays several roles like analysing, planning, implementation andcontrolling programme designs (Banerjee, 2010). It helps management in knowing their financialstatus. These financial reports also help management in making decisions.In this assignment, Asda Stores Ltd. is considered for application of managementaccounting strategies. This company is British supermarket distributor and its headquarter is inLeeds, West Yorkshire. It was founded in 1965 (source: asdasecure).Various methods and types of management accounting has been discussed in report toGeneral manager. Merits and demerits of planning tools has also been explained to supportbudgetary control process. Case analyses of two different scenario's have been done to executeaccounting techniques into it. The study of these different scenario's will help management ofchosen company in proper application of these tools discussed in report for better decision-making.Main objective of this report is to identify different ways of using accounting methodssuch as profit analysis, marginal costing and absorption costing for company. TASK 1P1 Management Accounting System:1
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