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Managerial Accounting Report - Boral Limited

   

Added on  2020-05-16

9 Pages2528 Words105 Views
Running head: MANAGERIAL ACCOUNTINGManagerial AccountingName of the Student:Name of the University:Author Note
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1MANAGERIAL ACCOUNTINGTable of ContentsIntroduction......................................................................................................................................2An insight into Boral Limited..........................................................................................................2Time Driven Activity Based Costing system – its characteristics...................................................3Comparison between the traditional system of costing, ABC costing and TDABC.......................4Traditional System of Costing.....................................................................................................4ABC system of costing................................................................................................................5TDABC Costing system..............................................................................................................5Appropriateness of the TDABC system to Boral Limited...............................................................6Conclusion.......................................................................................................................................6References........................................................................................................................................8
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2MANAGERIAL ACCOUNTINGIntroductionThe suitability of the Time Driven Activity Based Costing has been aimed to beevaluated and examined in this particular study. The essentialities of the study have been lookedat from the viewpoint of a graduate consultant who has been readily employed in a managementconsultancy firm. For the purpose of the study, it has been assumed that the organization namedBoral Limited is an important client of the consultancy firm. Boral is one of the topmanufacturing firms of the nation. The first segment of the report stresses the business activitiesthat are essentially carried out by the leading manufacturing firm. The next part of the studyexecutes the scrutiny of the Time Driven Activity Based Costing and its essential characteristics.Lastly, the differences between the three different systems of costing namely activity basedcosting system, traditional systems of costing and Time Driven Activity Based Costing has beendiscussed. Furthermore, it has been analyzed whether the Time Driven Activity Based Costing issuitable for implementation in Boral Limited (Rasouli and Timmermans 2014).An insight into Boral LimitedBoral Limited is a leading manufacturing firm and is essentially a multinationalcompany. The company is based out of Australia and has its branches in USA and Asia as well.The entity primarily deals in the construction and manufacturing materials. The financial year of2017 marked the organization generating sales revenue of 4.39 billon AUD with a number ofemployees ranging around 16,000 and more than 700 operating sites. There are three operatingdivisions in Boral, which include Boral Australia, USG Boral and Boral North America.The management of Boral Limited in considering the implementation of the TDABCsystem in the organization and that is the reason this organization has been chosen for this study.The main products of the organization include concrete, quarry, asphalt. Cement, concreteplacing, bricks, roofing, masonry, softwood and hardwood timber. This particular division of theorganization deals in and is a major supplier of the products or materials that are required for thepurpose of construction that may be residential or commercial in nature along with engineeringmarkets and roads (Hill caes et al., 2016).
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