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Management Accounting
Task 1
a) Prepare a well-researched written report on the functions of Management Accounting. Your presentation should cover among other thingsi) Definition of Management Accounting and to distinguish Management Accounting from Financial Accountingii) The importance of management accounting information as a decision making tool for department managers
b) Explain the different types of Management Accounting Systems and how it can be used by other departments to improve their reports. Your explanations should cover among other things: An explanation of
Task 2
You are required to prepare income statements for the month of September using;
Prepare income statement for Imda tech (UK) Limited by using Absorption costing & marginal costing method
Task 3
Written report on planning tools
a) Different types of Budgets and its advantage and disadvantageb) The process of preparing budgetsc) Pricing strategies
Task 4Explain what a Balance Score Card approach is and describe how the implementation of a balanced scorecard can deliver a range of performance measures (financial and nonfinancial).
I. How it can be used to identify and respond to financial problemsII. How it can be used to improve financial governance and development of effective strategies.
In its first year of operations, Eagle produced and sold 10,000 tables. The tables sold for $120 each. How would Eagle's variable costing net operating income have been affected in its first year if only 9,000 tables were sold instead of 10,000?
Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs.
Sales were $780,000 for the year, variable selling and administrative expenses were $88,400, and fixed selling and administrative expenses were $170,000. There was no beginning inventory. Assume that direct labor is a variable cost.
The Wall Street Journal reported that recent law school graduates were having a very difficult time obtaining jobs in the legal profession.
Explain the fundamental differences between mergers in Cournot and in Bertrand industries. What is meant by the ‘coordinated effects' of a merger. Discuss.
Five years ago, Jack Cadence left his position at the large company to start Advanced Technologies Co. (ATC), a software design company. ATC's first product was the unique software package which seamlessly integrates networked PCs.
How does company manage and develop this value (Through advertising/ branding/ innovation/ acquisition of legal rights/takeover activity of competitors in recent years?)
requiredstudy the information given below and determine which of the two investment opportunities it should choose.
Budgets play a critical role in management activities such as planning, controlling and motivating employees. Reflect on whether or not the budgets were effectively applied and whether your experience was positive or negative.
phipps manufactures circuit boards in division a a country with a 30 income tax rate and transfers them to division b a
Classify all manufacturing costs and selling and administrative expenses as either variable or fixed and prepare a contribution margin income statement separating all variable and fixed costs into their own categories.
An employee writes an anonymous blog on her experience at Sears that provides insights into the company's strategy for success.
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