Managerial Accounting (Reflection)

Managerial
Accounting
(Reflection)
1

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Gibbs' Reflective Cycle...............................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6
Books & Journals........................................................................................................................6
2

INTRODUCTION
Managerial accounting conception is critical portion of all business-entity to manage
their all key process and undertaking concerned with accounting as well as organisation's
management. It is mainly concerned with decision-making as well as strategy making which is
formulated to perform their task in an effective manner (Dhaliwal, Singh and Singh, 2018). The
present report is a reflective section in which all the experience and thoughts which is gained by
an individual person while doing the managerial accounting project. In the managerial
accounting project activity based costing is the topic on which whole report is developed. For
discussing the overall experience, I am going to use Gibbs reflective model is this reflective
report so that all my experience and learning will be identified by me in an effective manner.
MAIN BODY
Gibbs' Reflective Cycle
Overview of the model: Gibbs' Reflective Cycle was coined in the year 1988 by Graham
Gibbs so that they can give a set format and structure to the learning gained by a person from
their overall experiences. This model includes 6 different stages which will assist me in order to
understand the overall learning gain by me at different level of the project. These stages are
going to be discussed as followed:
Description of the experience: This is the first step of this model where the experience of
an individual person are discussed in a detail manner. For every business entity it is very
essential to define their task and then distribute them to their team members so that all the
operations will be attained in an effective manner. While working in the organisation as the
position of a senior manager, different small teams are developed by me so that activity based
accounting system will implemented in an effective manner within the business organisation (E-
portfolio, A.K.S., 2019). While doing this process, it has clearly been understood by me that my
skills and capabilities related to team management skill is quite effective which will assist me in
near future for my overall growth and development in my professional life.
Feelings and thoughts about the experience: In the second step, all the thoughts and
feeling of a person related to the experience has been identified by me. At the first point I was
very happy and excited to start the project but when the whole task started it has been
3