Reference no: EM133111886 , Length: word count:1500

Learning Outcome 1: Analyse the importance of the role of management accounting in business

Learning Outcome 2: Examine the key problems with traditional management accounting techniques when applied in a modern business environment

Assignment Brief:

You have been recruited as an intern at Zinc Limited, which is an established medium size manufacturing company operating in the UK.

In the recent meeting of the Business Accounting Team, Jackie Williams, the team leader, has suggested the need for modernisation and a move from the current traditional methods in the company. Moreover, Jackie Williams pointed out that she had recently participated in a conference where the speaker had said "One key issue of Activity Based Management (ABM) is that it treats all products and all customers the same".

Following the meeting, you have been asked to produce a report for Jackie Williams, addressing the following issues:

a) Using relevant examples, discuss and distinguish management accounting and financial accounting in modern businesses.

b) Discuss the roles that management accountant plays in business organisations

c) Critically discuss the above highlighted statement that Jackie Williams had quoted from the conference.

d) With the aid of relevant examples, discuss the benefits and limitations of ABM.

Guidelines:
Structure of your submission:
Your report should contain the following structure:

• Appropriate coversheet (as attached in this document)
• Title Page, including the given title in full.
• Introduction
• Main body, which should also be organised under appropriate headings.
• Conclusion
• Appendices, if any, which should be numbered.
• Make sure you refer your reader to them as required.