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Management Accounting and Costing Methods

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Added on  2023-01-13

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This presentation discusses the use of costing methods in management accounting and evaluates different management accounting systems. It also explores budgetary options and the application of management accounting tools in organizations.

Management Accounting and Costing Methods

   Added on 2023-01-13

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MANAGEMENT
ACCOUNTING
Management Accounting and Costing Methods_1
Table of content
Introduction
Main Body
Conclusion
References
Management Accounting and Costing Methods_2
INTRODUCTION
Management accounting helps in preparation of
different financial reports that help in analyzing the
operation and performance of the business.
This report will identify the use of costing methods for
ascertaining the financial performance and the different
types of management accounting systems that can be
used.
The report will also evaluate different budgetary
options and conclude how the management accounting
tools can be used in an organization.
Management Accounting and Costing Methods_3
Management accounting and different
types of management accounting system
Financial accounting system
It could be defined as specialized accounting branch
for keeping track of the financial transactions of
company.
With the use of standard guidelines, transaction are
recorded, than summarized & presented in the
financial reports or the financial statements like
income statement or balance sheet (McLaren,
Appleyard and Mitchell, 2016).
Management Accounting and Costing Methods_4

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