This document explores the essentials of management accounting and reporting, including cost accounting systems, inventory management, job costing, and price optimization. It discusses different types of management accounting reporting, such as budget reports, performance reports, and cost management reports. It also examines the advantages and disadvantages of planning tools used in budgetary control, such as zero-based budgeting, capital budgeting, pricing strategies, and variance analysis. Additionally, it compares how Prime Furniture and Beck's Furniture respond to financial problems.