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Unit 5 Management Accounting - Management Accounting Principles

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Added on  2023-01-10

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This presentation provides an overview of Unit 5 Management Accounting, focusing on the principles of management accounting and its role in decision making. It covers topics such as financial statement preparation, income statement under variable costing, and integration of management accounting with organizations. The presentation also includes calculations for preparing financial statements and discusses the different types of management accounting reports. References are provided for further reading.

Unit 5 Management Accounting - Management Accounting Principles

   Added on 2023-01-10

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TITLE
UNIT 5 MANAGEMENT ACCOUNTING - MANAGEMENT ACCOUNTING
PRINCIPLES- A1
Unit 5 Management Accounting - Management Accounting Principles_1
Table of content
Introduction
Calculation for preparing financial statement (Part A)
Income statement under variable costing
Calculation of closing stock
Principles of management accounting:
(Part B)
Role of MA and MAS.
MA reports
Method used for preparation of income statement
Integration of MA with organization.
Role of MAS
Conclusion
References
Unit 5 Management Accounting - Management Accounting Principles_2
INTRODUCTION
Management accounting (MA) is a form of accounting that is aligned
with procedure of colleting all the information which can be used for
decision making. After collection of data, this is used for preparation of
internal reports and these are presented to management department of
companies so that they can take viable judgements..
Unit 5 Management Accounting - Management Accounting Principles_3
Calculation for preparing financial
statement (Part A)
Overview of financial data:
Activities AMOUNT
Produced and sold units 10000 Units
Selling Price per Unit £25
Direct Material £50,000
Direct Labor £30,000
Variable Manufacturing Overhead £20,000
Fixed Manufacturing Overhead £40,000
Variable Selling Overhead £30,000
Fixed Selling and Administrative
Overhead
£30,000
Unit 5 Management Accounting - Management Accounting Principles_4

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