Management Accounting Report: FCF, DCFV, and Valuation Analysis

This report delves into the realm of management accounting, focusing on the application of Discounted Cash Flow (DCFV) and Free Cash Flow (FCF) analysis. It begins by examining the FCF of General Mills, Inc., including its level after 2009 and its growth at a 3% rate. Subsequently, the report investigates the FCF of Kimberly-Clark Corporation, employing two distinct methods to determine its value. The content includes the identification of FCF and its implications within the context of the two companies. The report also includes a bibliography with citations to academic research on management accounting practices. The report provides a practical application of financial valuation techniques, using real-world examples to illustrate key concepts and calculations.

Running head: MANAGEMENT ACCOUNTING
Management Accounting
Name of the Student:
Name of the University:
Authors Note:

MANAGEMENT ACCOUNTING
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Table of Contents
General Mills, Inc- Chapter 4: Discounted Cash Flow Valuation (DCFV)...............................2
a. Level of FCF after 2009:........................................................................................................2
b. FCF after 2009 when it grows at 3% rate:.............................................................................3
Kimberly-Clark Corporation - Chapter 11: Free Cash Flow (FCF)...........................................3
a. Using Method 1 and Method 2 for detecting FCF:................................................................3
b. Identifying FCF:.....................................................................................................................4
Bibliography:..............................................................................................................................5

MANAGEMENT ACCOUNTING
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General Mills, Inc- Chapter 4: Discounted Cash Flow Valuation (DCFV)
a. Level of FCF after 2009:

MANAGEMENT ACCOUNTING
3
b. FCF after 2009 when it grows at 3% rate:
Kimberly-Clark Corporation - Chapter 11: Free Cash Flow (FCF)
a. Using Method 1 and Method 2 for detecting FCF:

MANAGEMENT ACCOUNTING
4
b. Identifying FCF:

MANAGEMENT ACCOUNTING
5
Bibliography:
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culture compatibility and perceived outcomes. Management Accounting Research, 34,
59-74.
Chenhall, R. H., & Moers, F. (2015). The role of innovation in the evolution of management
accounting and its integration into management control. Accounting, Organizations
and Society, 47, 1-13.
Cooper, D. J., Ezzamel, M., & Qu, S. Q. (2017). Popularizing a management accounting idea:
The case of the balanced scorecard. Contemporary Accounting Research.
Fullerton, R. R., Kennedy, F. A., & Widener, S. K. (2014). Lean manufacturing and firm
performance: The incremental contribution of lean management accounting
practices. Journal of Operations Management, 32(7), 414-428.
Hopper, T., & Bui, B. (2016). Has management accounting research been
critical?. Management Accounting Research, 31, 10-30.
Kotas, R. (2014). Management accounting for hotels and restaurants. Routledge.
Otley, D. (2016). The contingency theory of management accounting and control: 1980–
2014. Management accounting research, 31, 45-62.
Renz, D. O. (2016). The Jossey-Bass handbook of nonprofit leadership and management.
John Wiley & Sons.