Higher National Certificate in Business: Unit 5 Project

This assignment is a comprehensive project on management accounting, designed for a Higher National Certificate in Business program. It comprises two main parts: a portfolio of completed calculations for financial statements, specifically income statements using variable costing, and a 10-minute PowerPoint presentation with 5 minutes allocated for questions. The project covers key learning outcomes such as demonstrating an understanding of management accounting systems and applying various techniques, including cost accounting, financial planning, and budgetary control. The presentation and portfolio should showcase an understanding of variable costing and its application in financial statements, with supporting calculations and Harvard referencing. The project integrates various management accounting methods and techniques, including data centralization, planning, decision-making, and performance control within organizations. It also explores the roles of management accounting in areas like cost management and quality management. The assignment aims to provide a practical application of management accounting principles, offering insights into the integration of different techniques and their functions within an organization.

MANAGEMENT
ACCOUNTING
PRINCIPLES

MANAGEMENT ACCOUNTING
PRINCIPLES
MANAGEMENT
ACCOUNTING
PRINCIPLES

ROLES OF MANAGEMENT
ACCOUNTING
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ROLES OF MANAGEMENT
ACCOUNTING
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ROLE OF MANAGEMENT
ACCOUNTING SYSTEMS
ROLES OF
MANAGEMENT
ACCOUNTING
SYSTEMS
DECISION-
MAKING
PLANNING
EFFICIENCY
DATA
CENTRALIZATIO
N

MANAGEMENT ACCOUNTING
METHODS AND TECHNIQUES
Cost Accounting
Analysis of Financial Statements
Financial Planning
Analysis of Cash Flows and Fund
Flows
Ratio Analysis
Budgetary Control

MANAGEMENT ACCOUNTING
METHODS AND TECHNIQUES

MANAGEMENT ACCOUNTING
METHODS AND TECHNIQUES

MANAGEMENT ACCOUNTING
INTEGRATION WITHIN ORGANIZATIONS
Different techniques of Management Accounting can be
integrated within the organizations in two specific areas;
they are
 In the processes and procedures of Cost Management, and
 In the processes for Quality Management for constant
enhancements

MANAGEMENT ACCOUNTING
FUNCTIONS
Management
Accounting
Functions
ORGANIZING
PLANNING &
FORECASTIN
G
COORDINATI
NG
PERFORMANC
E CONTROL

MANAGEMENT ACCOUNTING
FUNCTIONS
Management
Accounting
Functions
ANALYSIS
AND
INTERPRETAT
ION
BUSINESS
ASSET
PROTECTION
COMMUNICA
TION
TAXATION
POLICIES

REFERENCES
 Needles, B.E., Powers, M. and Crosson, S.V., 2013. Principles of accounting. Cengage Learning.
 DRURY, C.M., 2013. Management and cost accounting. Springer.
 Taipaleenmäki, J. and Ikäheimo, S., 2013. On the convergence of management accounting and financial
accounting–the role of information technology in accounting change. International Journal of Accounting
Information Systems, 14(4), pp.321-348.
 Hiebl, M.R., Feldbauer-Durstmüller, B. and Duller, C., 2013. The changing role of management
accounting in the transition from a family business to a non-family business. Journal of Accounting &
Organizational Change, 9(2), pp.119-154.
 Chiarini, A. and Vagnoni, E., 2015. World-class manufacturing by Fiat. Comparison with Toyota
production system from a strategic management, management accounting, operations management and
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 Otley, D., 2016. The contingency theory of management accounting and control: 1980–2014. Management
accounting research, 31, pp.45-62.
 Lavia López, O. and Hiebl, M.R., 2014. Management accounting in small and medium-sized enterprises:
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 Chenhall, R.H. and Moers, F., 2015. The role of innovation in the evolution of management accounting
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 Fullerton, R.R., Kennedy, F.A. and Widener, S.K., 2013. Management accounting and control practices in
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