Management Accounting Practices within PPHE: A Case Study Report

Desklib provides past papers and solved assignments. This report analyzes management accounting in PPHE.

Management Accounting

Table of content
• Introduction
• About PPHE
• Propose of management accounting
• Difference between management and financial accounting
• Cost accounting system
• Benefits of management accounting systems
• Integration use in PPHE
• Conclusion
• References

Introduction
• Management accounting is the essential part of the
organisation to achieve the organisational goals.
• Management accounting is identifying, analysing,
interpretation and giving the effective decision.
• It discuss the uses of management accounting, and
systems in the different department.
• It is also discuss the benefit of management accounting
is the organisation.

About PPHE
• PPHE Hotel group is an international hospitality real
estate group.
• £1.6 billion portfolio
• It is also deals with the Radisson Hotel Group one
of the largest hotel groups.
• Primary activity is owing, developing and operating
hotels.

Propose of management
accounting
• Primary goal of management
accounting to make a decision.
• Planning and controlling
• Long-term decisions

Propose of management
accounting
• Income determination
• Inventory valuation
• Policy making

Difference between management
and financial accounting
Management
• Management is to
make the decisions of
financial accounting.
• Optional
• It is use in internal part.
• It makes in quarter and
annual or per period.
Financial accounting
• Record and
implementing the data
of transactions.
• Mandatory
• It is use in external part
of organisation.
• As needed, it can be
use.

Cost
accounting
system
Inventory
systems
Price
optimising
Absorption
costing
Marginal
costing
Job costing
Cost accounting system
Cost accounting is the system provides the basis of
cost estimation of the products doe defining the
profitability.

Inventory system
Inventory management is the managing process to
manage all the inventory making and delivering the
orders to the customers.

Price optimising system
• Price optimising system is
the analysis of the different
prices in the market.
• Set a price to satisfy the
customer, it means the
customer gets the worth to
the price is taken by the
organisation.

Absorption costing
Absorption costing is the
method to find the cost of
product by indirect expenses
and (overheads) as well as
direct cost.
It includes
• direct materials
• direct labor
• variable manufacturing
overhead
• fixed manufacturing overhead

Marginal costing
Marginal costing is also the type of costing to get
the cost of product from the fixed cost.