Management Accounting Systems and Reporting

MANAGEMENT
ACCOUNTING

Contents
Contents...........................................................................................................................................3
INTRODUCTION...........................................................................................................................5
TASK 1............................................................................................................................................5
P1 Explain management accounting and give the essential requirements of different types of
management accounting systems – this is the right assessment criteria......................................5
P2 Explain different methods used for management accounting reporting – this is the
appropriate requirement...............................................................................................................7
M1 Mention the advantages linked with management accounting systems along with their
applications in business context...................................................................................................8
D1 critically evaluate the manner in which systems and reporting of management accounting
are integrated in business processes.............................................................................................9
TASK 2............................................................................................................................................9
P3 Measure costs by using cost analysis techniques for formulating an income statement by
usage of absorption and marginal costs.......................................................................................9
M2 Precisely apply various techniques of management accounting and formulate documents
of financial reporting.................................................................................................................16
D2 Prepare a financial report which appropriately use and interpret financial data for different
kind of business operations and activities..................................................................................16
TASK 3..........................................................................................................................................17
P4 Mention various benefits and limitations of using planning techniques or tools in context
with budgetary control...............................................................................................................17
M3 Evaluate the role of various planning tools along with their application in creating and
forecasting of budget.................................................................................................................18
TASK 4..........................................................................................................................................19
P5 Compare and contrast the manner in which different organisations adapt account
management systems to deal with their financial worries.........................................................19

M4 Analyse the manner by which management accounting responds toward financial
problems and attains organisational success..............................................................................20
D3 Analyse how planning techniques for accounting helps in resolving financial issues to
achieve sustainable success for the organisation.......................................................................21
CONCLUSION..............................................................................................................................21
REFERENCES..............................................................................................................................22