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Managerial Accounting - Sample Assignment

   

Added on  2021-02-20

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ManagerialAccounting.
Managerial Accounting - Sample Assignment_1

ABSTRACT The study summarises how various aspects of management accounting systems incontext of corporation and ways by which they assists in enhancing results and fiscalperformance. Also it explains how different systems affects personnels' performance andaggregate performance of corporation which provide assistance in acceleration in efficienciesand operational effectiveness.
Managerial Accounting - Sample Assignment_2

Table of ContentsABSTRACT ....................................................................................................................................3INTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Different types of management accounting methods from the given case study:...................12. Relevancy of management accounting system with contemporary organization:...................33. Role of management accounting system in competitive market and uncertain businessenvironment.................................................................................................................................64. Learning outcomes based on research findings which will be helpful for Australianmanagement accountants:............................................................................................................7CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
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INTRODUCTIONManagerial accounting generally regarded as cost accounting, the whole process of itcovers identification, measurement, analysis & interpretation of data which helps the manager tounderstand financial position of the company(Bennett and James, 2017). Managerial accountingcommonly regarded as cost accounting where this method includes recognizing, evaluating,reviewing and communicating figures and facts that enables manager to know the corporation'seconomic and financial status. It distinct from process and term "financial accounting" sinceprimary goal here is to provide manager with right data to make efficient decisions to attain theirtargets & objectives. This study is mainly based upon two papers or articles to effectivelyunderstand this topic. To better understand the concept of managerial accounting company Ahave been selected from the given article that is a manufacturing company. Itconcentrates oneffective implementation or execution of modern or contemporary management accountingsystem on manufacturing corporation operating in multiple nations. These journals/articles willassist readers to completely understand about management accounting system (MAS) and towhat extent it is advantageous for corporation which trying to maximize their manufacturinglevel and scope as well as it's net operating and profit margin. The study covers explanation about key concepts like techniques associate withmanagement accounting and its major relevance in context of corporation. It also include thecomparison of different article findings and how it is relevant to the competitive market. Aproper comparison have been discussed with the support of article and the comparison companyis Reinforcing Steel BarMAIN BODY1. Different types of management accounting methods from the given case study:Management accounting is mechanism of gathering fiscal data and being usedappropriately, further assisting executives and managerial personnel to create efficient decision-making to accomplish enterprise targets. This accounting system involves different methods andmethods that help evaluate the tasks of the corporation (Burritt and Tingey-Holyoak, 2012). Inaddition, it enhances organizational operations that maximize productiveness, earnings andprofitability. There was some techniques or systems that the organisation pursued to enforce andsucceed in achieving required results. Some of these are discussed here, as follows: 1
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