Management Accounting Systems and Reports

Management
Accounting
Task 1

Table of Content
• Introduction
• Management accounting systems
• Benefits of management accounting systems
• Management accounting reports
• Integration of management accounting system and reports with
organisational processes
• Conclusion
• References

Introduction
Management Accounting is presentation of several reports and accounts
which is prepare by accountant to present in front of managers. On the
basis of these reports to management can take suitable decision. To
understand the concept of the presentation selected organisation, Dairy
Crest which leading in British dairy products. In the following
presentation covers different types of management accounting system
and reporting method. In addition, analysis the benefits accounting
system and evaluate integration in organisational process.

Management accounting systems
In present business scenario, accounting systems is the most
important tool which is required in businesses and various
activities of the same. It is the process through which the cost of
businesses and operations can be analysed effectively and
efficiently in order to prepare internal financial reports and
records. Thus, this will be important for Dairy Crest organisation
because with this, the company will be able to analyse and
predict the future. It will assist the company in analysing and
understanding the performance variances and rate of return.