Managerial Accounting

Running head: MANAGERIAL ACCOUNTING
Managerial accounting
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MANAGERIAL ACCOUNTING
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Executive summary
The study topic deals with the management accounting examples for company namely
activity based costing technique, just in time technique, balance scorecard method which are
considered as an effective management technique. On the other hand the relevance of the
management accounting technique as a whole. Furthermore another separate article has been
chosen in this case will be related to the effective business requirement as a whole. Lastly the
two general outcomes of these accounting tools and techniques have been generated along
with a supportive conclusion at the end.

MANAGERIAL ACCOUNTING
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Table of Contents
Introduction....................................................................................................................3
Discussion......................................................................................................................3
Examples of different type of management accounting methods..............................3
Activity-based costing technique...............................................................................4
Just in time technique.................................................................................................5
Balance scorecard method..........................................................................................5
Relevancy of the modern management system..........................................................5
Increasing exposures to global competition...............................................................6
Comparison and contrast............................................................................................7
Conclusions related to the management accounting process over certain and
uncertain market conditions...................................................................................................8
Lessons learned from the management accounting process....................................10
General issues...........................................................................................................10
Research design issues.............................................................................................10
Conclusion....................................................................................................................11
References....................................................................................................................12

MANAGERIAL ACCOUNTING
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Introduction
The above study assignment deals with the specific management examples related to
accounting systems like ‘Total Quality Management”, “just In Time management” and
“Balance Scorecard” methods which is considered as the most critical aspect of management
accounting policies and process. On the other hand the relevance of the current management
accounting process concerning the regulatory organisations has also been addressed. Since
management accounting deals with accounting for company managers, therefore it is to be
considered as an essential aspect for the business to grow. Apart from this, the overall
outcomes have also addressed over this case topic along with a suitable conclusion at the end.
Discussion
Examples of different type of management accounting methods
“Contemporary Management Accounting system” such as “Activity-Based Costing”
method, “Balanced Scorecard” process, “Just in Time”, “Value Chain Analysis”, and “Total
Quality Management” technique. These are the practises which have gained prevalent actions
during bookkeeping. Especially in the 20th century where the accounting information system
is not appropriately kept for meeting uncertain expectations, the relevance of the management
accounting system had faced a lot of questions by the business managers. Thus the purpose of
the academic research is to maintain the significance of the process of organisation
accounting is known as the noble pursuit, and there exists lack of achievement and worth.
Hence these types of contemporary management system are essential for the firm’s .therefore
the selection of inappropriate system may result in harmful effect over the tactical and
decision making process over operational and positioning of the firms. The aids of these
“contemporary management accounting system” are evident, realistic and positive operation
of the same technique can draw practical benefits. The industry challenges seek global