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Assignment: Managerial Accounting in Business - Doc

   

Added on  2021-02-19

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ManagerialAccounting
Assignment: Managerial Accounting in Business - Doc_1

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.................................................................................................................................54. Learning outcomes on the basis of research findings that will be useful for the managementaccountant of Australia................................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Assignment: Managerial Accounting in Business - Doc_2

ABSTRACT Purpose of this report is to develop understanding of management accounting system inthe organization and how it helps in generating more demand & revenue. Along with this, how itwill improve individual as well as whole organization performance which help in increasingefficiency as well as effectiveness.
Assignment: Managerial Accounting in Business - Doc_3

INTRODUCTIONManagerial accounting also refer to the cost accounting where this process include theidentification, measurement, analysis & interpretation of data which helps the manager tounderstand financial position of the company (Ahmed and Duellman, 2013). It is different fromthe financial accounting because main objective is to provide correct information to the managerto take effective decision in order to achieve their goals & objectives. For the betterunderstanding of this concept, this report based on two articles. It focuses on implementation ofmodern management accounting system on multinational manufacturing company. These articlesand journals help the readers to understand that, is management accounting system (MAS)beneficial for the current organization which maximise their production as well as profit margin. This report include the discussion about various topics such as management accountingtechniques and relevancy of MAS to the organization. It also include the comparison of differentarticle findings and how it is relevant to the competitive market. MAIN BODY1. Different types of management accounting methods from the given case studyManagement accounting is the process of collecting financial information and used ineffective manner which further helps the manager to develop effective decision in order toachieve business goals. This accounting system includes various method and techniques whichhelps evaluating organizational functions. Along with this, it helps in improving operationalactivities which maximise productivity as well as profitability. There some technology whichfollowed by the organization in order to implement and get success to achieve desired outcomes.Some of them discussed below: Total quality of management (TQM): It is the process of identifying, reducing,removing manufacturing error as well as in supply chain management. It will enhancecustomer experience and increase employees efficiency through providing effectivetraining. It help the manager to increase their product quality which satisfy customers aswell as improve their market share. Organization have to provide training to theiremployees to increase their skills which improve their performance. It help themultinational organization to identify error and then eliminate to increase theiroperational performance. TQM try to hold each party who involved in the production1
Assignment: Managerial Accounting in Business - Doc_4

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