Reference no: EM131765980 , Length: 4000 Words

Management Accounting

Task 1

a) Prepare a well-researched written report on the functions of Management Accounting. Your presentation should cover among other things
i) Definition of Management Accounting and to distinguish Management Accounting from Financial Accounting
ii) 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 disadvantage
b) The process of preparing budgets
c) Pricing strategies

Task 4
Explain 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 problems
II. How it can be used to improve financial governance and development of effective strategies.