What is managerial accounting?

Running head: MANAGERIAL ACCOUNTING
Managerial Accounting
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MANAGERIAL ACCOUNTING
1
Executive Summary
The analysis considers two different journal articles which would be analysed
and would be shown for two different companies following different cost accounting
practices. The assessment also shows the importance of standard as well as target
costing needs to be effectively used for enhancing the productivity and reduce the
risks which is associated with a business. The analysis shows features and
relevance of the two different methods and which method is more effective is also
shown in the analysis. In addition to this, the analysis also includes a comparative
study for selection of the most appropriate method of costing depending on the
business situations. The analysis of the two journal articles would be the main
analysis for the assessment.
Table of Contents

MANAGERIAL ACCOUNTING
2
Introduction...................................................................................................................3
Discussion....................................................................................................................3
Features of Standard Costing System......................................................................3
Relevance of Standard Costing................................................................................4
Features of Target Costing.......................................................................................5
Relevance of Target Costing....................................................................................6
Comparison between Standard and Target Costing................................................6
Conclusion and Recommendation...............................................................................7
Reference.....................................................................................................................8