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Management Accounting Assignment - Dell company

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Added on  2020-02-12

Management Accounting Assignment - Dell company

   Added on 2020-02-12

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Management Accounting Assignment - Dell company_1
Table of ContentsINTRODUCTION................................................................................................................................4TASK 1.................................................................................................................................................4P1. Management accounting and requirement of different type of management accounting system..............................................................................................................................................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. financial or non-financial to make the decision. Management accounting is the process of preparing the management reports of Dell for better planning of the management. Management takes the decision on the basis of management accounting (Gurski, F., Rethmann, J. and Yilmaz, E., 2017). The functional 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 accounting meaningFinancial accounting is the accounting which focuses on the preparation of the financial statement for the company. It includes all the financial information of the about Dell's operations.Management accounting is the accounting which provides the information to the management to make the decision for the Dell manager's.Information It consists of monetary information of Dell. All the records of transaction in It consists of monetary as well as non monetary information. Non monetary information 4
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