3MANAGERIAL ACCOUNTING
Introduction
Management accountant perform the series of the task for ensuring the
financial security of the tasks and handling of the all-financial matters of the company
for helping to derive the overall management and the strategy of the business.
Management accounting system is considered as the vital source of the information
for providing the strategic goals of the organizations. In case, if there is any kind of
inefficiencies as well as weaknesses in system then it will reduce the efficiency and
the productivity as well as creates the various problems in organizations. The
techniques of the contemporary management is consists of establishing the methods
and procedures to manage the company in effective and efficient manner.
Management account in the current business situation has the major role to provide
the managers with the accounting information, which helps in supporting the risk
management, strategic management as well as performance management.
Management accounting professions is consists of partnering in making the
decisions of management, providing with the expertise relating to the financial
reporting and the control, to devise planning and the system of the performance
management as well as to assist the management in the formulation and
implementations of organizational strategy (Armitage, Webb and Glynn 2016).
Therefore, this report will discuss on the various types and techniques of the
management accounting system. Moreover, relevancy of the management
accounting system will be discussed in relation to the two case companies. Further,
conclusions will be done on the relevancy of Management accounting system in the
uncertain and competitive business environment. Lastly, outcomes will be given
based on the research findings of the two articles regarding the usefulness of the

HI5017: Managerial Accounting - Analyzing Accounting Systems