Management Accounting and Types of Management Accounting Systems

management
accounting

Executive summary
Management accounting is helpful in improving efficiency of computer system so that operations
can be performed efficiently. Budgetary control helps management in terms of budget, pricing
etc. this will help business in calculating expenses and carry investment activities efficiently.

Table of Contents
INTRODUCTION ..........................................................................................................................4
MAIN BODY...................................................................................................................................4
P1 management accounting and requirements of types of management accounting systems.....4
P2 methods for management accounting reporting.....................................................................5
P3 covered in PPT .......................................................................................................................7
P4 advantages and disadvantages of types of planning tools which are used for budget control7
P5 : adaption of management accounting system........................................................................8
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................12

INTRODUCTION
Management accounting is the procedure of preparing reports about the business and its
operation and help the managers to take decisions about short-term, mid-term and long term
decisions (Nathwani, 2020). In this report a company called Marshall is being taken which
is indulged in the business of superior natural stone. In this report marginal costing,
absorption costing and income statement for the company have been made. Along with this
different characteristic of marginal costing and absorption costing is mentioned in this
report. Different management gave been described in this report. Methods of management
accounting is mentioned in this report.
MAIN BODY
P1 management accounting and requirements of types of management accounting systems.
Management accounting:
management accounting is the method through which financial information can be
measured, identify, analyse and communicate so that company's objectives can be achieved. The
aim of management accounting is to provide assistance to the managers so that they can make
decisions whereas financial accounting is done so that information can be given to external
parties of the company (Meaning and Definition of Management Accounting., 2021). The
objective of preparing management accounting is that they provide statistical and financial
information to managers so that they can take daily decisions. The reports are made so that
management requirements can be fulfilled.
Managerial accounting system: