Managerial Accounting : Sample Assignment

Managerial
Accounting

ABSTRACT
Purpose of this report is to identify the important of management accounting system in
multinational organization. It help the manager to develop strategy that required to perform in
order to achieve business gaols & objectives.

Table of Contents
ABSTRACT.....................................................................................................................................2
INTRODUCTION...........................................................................................................................1
QUESTION 1...................................................................................................................................1
Identification of different types of management accounting methods and techniques from
given case - .................................................................................................................................1
QUESTION 2...................................................................................................................................3
Relevance of MAS in the context of contemporary organisations - ...........................................3
QUESTION 3...................................................................................................................................5
Role of management accounting systems in today's business environment................................5
QUESTION 4...................................................................................................................................6
Learning outcomes from selected articles and how it will be useful for management
accountants...................................................................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Managerial accounting is defined as identifying, evaluating, measuring, analysing
and communicating the the information and data to the management of the business so
that they can make the decision related to manufacturing business in order to achieve
the business goal and objectives. This is the process that is generated the
organisational reports and documents that assist to the manager in the decision making
process (Braun And et.al., 2014). The accounting is based on the accounting
techniques like budgetary control, cost system. This project report covers the different
type of management accounting methods and techniques from the case study. It further
covers compare and contrasting as per case study from the two article related to
management accounting tools. It also cover the relevance of MAS in the today's
competitive era of business environment and outcome, finding from the MA of the
particular organisation of Australian.
QUESTION 1
Identification of different types of management accounting methods and techniques
from given case -
Management accounting is elaborated as financial and non monetary data or
provision that assistance to the manager of the company to alleviate the gathered data
and information to measure the business data to know the profitability and productivity
is meeting is with goals and objectives (Butler and Ghosh, 2015). The function of the
MA includes different tools that can be adopted by a business to enhance the functional
and operational activities of the business. It help in the implementation of the business
function and strategies in order to redefine the long term goal as well as better
managing the operational activities. In the relevance of the presented case study, the
following systems have been identified and described below:
Just-In-Time (JIT) system:
This is the management approaches that is aligned with manufacturing unit of a
particular business that includes a process of order of the material as per the production
schedule. This is the process of the inventory management techniques at the production
unit that avail the raw-materials at right time of the manufacturing of product and
1