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Management Accounting Assignment - Dell company

Added on - 11 Feb 2020

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Management accounting1
Table of ContentsINTRODUCTION................................................................................................................................4TASK 1.................................................................................................................................................4P1. Management accounting and requirement of different type of management accountingsystem..............................................................................................................................................4Management accounting..................................................................................................................4P2. Different methods used for management accounting reporting:...............................................6P3.....................................................................................................................................................9INTERPRETATION.............................................................................................................................9P5...................................................................................................................................................13CONCLUSION..................................................................................................................................14References..........................................................................................................................................15REFERENCES...................................................................................................................................182
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INTRODUCTIONManagement accounting is provision of accounting information in order to informthemselves before they decide mater with their organisation, which aids their managementperformance and control (Banerjee, B. and Das, U., 2017. A per the Institute of managementaccountants (IMA) "Management accounting is a professions that involves partnering inmanagement decision making, dividing planning, and performance management system andproviding expertise in financial reporting and control to assist management in formulation andimplementation of organisational strategy. This project is about management accounting used inDell corp (Bhimani, A. and et.al., 2013). Management accounting and requirement of managementaccounting, methods of management accounting are explained in this report. Furthermore benefitsof management accounting system and their applications in dell. Then evaluating benefits MAreporting is integrated with organisational process in context of dell is explained. Cost per unitabsorption costing, marginal etc have been calculated.TASK 1P1. Management accounting and requirement of different type of management accounting systemManagement accountingManagement accounting is the accounting information which is used by management i.e. financialor non-financial to make the decision. Management accounting is the process of preparing themanagement reports of Dell for better planning of the management. Management takes the decisionon the basis of management accounting (Gurski, F., Rethmann, J. and Yilmaz, E., 2017). Thefunctional area of management accounting is not limited to provide cost information it also providesbudgeting and helps to set the goals.Difference between financial accounting and management accounting.Basis for comparisonFinancial accountingManagement accountingmeaningFinancial accounting is theaccounting which focuses onthe preparation of the financialstatement for the company. Itincludes all the financialinformation of the about Dell'soperations.Management accounting is theaccounting which provides theinformation to the managementto make the decision for theDell manager's.InformationIt consists of monetaryinformation of Dell. All therecords of transaction inIt consists of monetary as wellas non monetary information.Non monetary information4
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