Managerial Accounting

Running head: MANAGERIAL ACCOUNTING
Managerial Accounting
Name of the Student:
Name of the University:
Authors Note:

MANAGERIAL ACCOUNTING
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Executive Summary:
The overall assessment aims in evaluating the significance of budgeting process, which can
be used by organisation for detecting the overall expenses and income that needs to be
incurred in next fiscal year. In addition, the financial performance of the organisation is
mainly evaluated for devising the budgeted, which can adequately support the cash inflows
and outflows during the next fiscal years. Moreover, the components of the master budget are
mainly discussed, which is an essential part of the budgeting process, as it allows the
organisation to prepare an appropriate budget for future fiscal years. The financial budget of
Ambertech Limited is mainly calculated for detecting the overall budget for 2019, which can
help in detecting the incoming and expenses for the organisation. The analysis of the master
budget components directly allows the management to detect the expenses and income that is
estimated for future operations of the organisation. The analysis of the future projected
annual report can eventually help in understanding the measures that has been taken by the
company to generate the required level of income in 2019. Lastly, the comparison of 2018
and forecasted budget for 2019 is mainly conducted in the assessment for detecting the
opinion on the changes, which has been conducted while preparing the forecasted annual
report.

MANAGERIAL ACCOUNTING
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Table of Contents
Introduction:...............................................................................................................................3
a. Explanation of the elements of Master Budget:.....................................................................4
b. Discussing about the comparison of top-down and bottom-up approach to the budget
process and analyse, which detecting the most suitable chosen for the company:....................8
c. Producing the budget of Income statement for 2019:..........................................................10
d. Comparing the data and providing relevant opinion on the changes for 2019 budget and
2018 actual income statement:.................................................................................................11
Conclusion:..............................................................................................................................13
Reference and Bibliography:....................................................................................................14

MANAGERIAL ACCOUNTING
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Introduction:
The assessment aims in evaluating the financial performance of Ambertech Limited
for the financial year of 2018 and projecting future income, which can be generated by the
company. In addition, there is further evaluation that has been conducted in the assessment
regarding the top-down and bottom-up approach to the budget process, which can help in
analysing the budget process. Furthermore, the income statement for the financial year of
2019 has been projected, which can help in determining the future incomes of the company.
Adequate analysis of each elements of the master budget has been conducted for determining
the impacts, which can be conducted on the financial performance. The analysis of the master
budget components directly allows the management to detect the expenses and income that is
estimated for future operations of the organisation. The analysis of the future projected
annual report can eventually help in understanding the measures that has been taken by the
company to generate the required level of income in 2019. Lastly, the comparison of 2018
and forecasted budget for 2019 is mainly conducted in the assessment for detecting the
opinion on the changes, which has been conducted while preparing the forecasted annual
report.