Management Accounting Techniques for Goods Clothing Limited

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[MANAGEMENT ACCOUNTING]

Contents
INTRODUCTION........................................................................................................................2
TASK 1...................................................................................................................................... 3
TASK 2.................................................................................................................................... 16
TASK 3.................................................................................................................................... 22
TASK 4.................................................................................................................................... 27
CONCLUSION.......................................................................................................................... 31
REFERENCES........................................................................................................................... 32

INTRODUCTION
The main purpose of the report is to emphasize the principle of management accounting so
as to improve the performance of Goods Clothing Limited. GCL is a cloth manufacturing
medium size company that produces low-cost goods for independent and emerging
designers. It also presents a cost analysis technique for improving the efficiency in the
business operations of GCL. The application of certain management accounting tools and
techniques can help the manager to improve the soundness of the business activities (Andor
et al., 2015).
The report also presents the income statement based on Marginal costing & Absorption
costing. It provides insight into various planning tools for budgetary control and
performance appraisal. Thus, the integration of the management accounting system can
help the organization to respond to various financial problems (Aren and Sibindi, 2014).

TASK 1
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Slide 4

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Slide 9