offer
offer

Get Upto

55% OFF

-Coupon Code-

NEW25

offer
offer

Use Our Seasonal Offers!

Claim Now

4500+ Experts Writer

I am a certified academic writer in Strategy Management and is working with Global Assignment Help Australia to provide academic writing assistance to the students. I have been successful in delivering numerous high-quality research papers, assignments, reports and term papers to the college students on various topics like Globalization and the virtual firm, Internet and information availability, Strategy as adapting to change and as operational excellence, Quality Re-engineering, Perspectives on strategy, Strategy as problem solving, Creative vs analytic approaches, Non-strategic management, and many more. Also, my professional experience helps me to keep myself updated of the new researches in this field. The students can approach me for taking writing assistance on any topic related to this area.

Daniella Jospeh

Daniella Jospeh

Orders in Progress - 46

Orders Finished - 2411

Hire Now

With more than twenty years of experience in the field of Marketing, I have helped out a large number of students in fetching excellent grades. During my tenure at Global Assignment Help Australia, I have covered various topics of Marketing such as Marketing strategy, Marketing research, Consumer behavior, Marketing management, Product management and Promotion, and several others as well. Students can consult me to sort out their academic writing related issues and clear all their doubts regarding this subject.

Marshall Ray

Marshall Ray

Orders in Progress - 43

Orders Finished - 1143

Hire Now

After completing my post graduation in Music and Creative writing from the University of Sydney, Australia, I started offering academic writing services to the college students and have successfully delivered 2000+ projects and documents in the last twelve years. I hold expertise in all the topics that come under this field, and some of them are Literature, Media, Music, Creative Writing, Journalism, Television, Theatre, etc. Hire me to score brilliant grades in any of your academic paper related to this field.

Kate Olson

Kate Olson

Orders in Progress - 12

Orders Finished - 2456

Hire Now

With approximately ten years of experience as an academic writer in the field of Management Studies, I have helped the students to overcome the academic writing issues faced by them on a large scale. I have successfully covered topics such as Management Theory and Practice, Strategic Management, Accounting and Financial Management, Marketing Management, Research Methods, Communication in Business, Organizational Behavior and others to name a few. I am adept at helping out students with writing dissertations, theses, assignments, essays, coursework and case studies related to this topic. Students can consult me if they have any problems regarding this subject.

Antony Joseph

Antony Joseph

Orders in Progress - 32

Orders Finished - 2344

Hire Now

Affordable Prices

Top Grades at Cheap Rates!

    Prices Starts From
    USD 7.19
    Offer Discount 25 % Off
    USD7.19

    Get upto 51% OFF on Your First Order !

    Prices Starts From

    USD 7.19

    Amazing Features We Offer

    24*7 Help Service

    100% Satisfaction

    No Privacy Infringement

    Super-fast Services

    Subject Experts

    Professional Documents

    Management Accounting 6HR503 University of Derby Level 6

    Introduction

    Management accounting is much beneficial to managers so that they are able to take better decisions. Present report deals with importance of management accounting information in Tech (UK) Limited which is engaged in production of special chargers for mobile, telephone and carry-on gadgets for retail outlets. Requirements of such accounting, various managerial reports are explained. Moreover, marginal and absorption costing methods are used to prepare income statements. Furthermore, kinds of planning tools are discussed along with advantages and disadvantages. Use of management accounting systems is explained for resolving financial problems. Thus, such information is helpful for management to take enhanced decisions.

    Task 1

    A) Management accounting and requirements of management accounting

    Managers are quite benefited by implementing this type of accounting as it helps them to take structured decisions in the best possible manner. Financial information is provided to the managerial personnel so that they may analyse financial performance and take better decision so that organisation may be strengthened internally and desired outcome can be generated in the market by garnering profits .(Ahadiat, 2013).

    Difference between financial accounting and management accounting

    Financial Accounting

    Management Accounting

    1. It is a branch of accounting which takes monetary transactions and final accounts are prepared.

    1. This accounting not only takes information of monetary transactions but non-monetary aspects are also taken into account and managerial reports are formulated.

    2. Financial statements are to be prepared in accordance to the format provided by Companies Act 2006

    2. No format is prescribed by professional body and a firm can prepare reports of any format as per their requirements.

    3. Financial accounting imparts detailed financials of company on various operational segments (Bennett, Schaltegger and Zvezdov, 2013).

    3. Managerial reports are summarised ones about financial health of firm.

    4. The financials are prepared usually at the end of accounting period.

    4. There is no specific period to prepare managerial reports. It is formulated as when need arises for the same by management.

    Importance of management accounting information to departmental managers for decision-making

    The management accounting information is quite significant of departmental managers so that they may be able to assess performance of units and take better decisions in order to improve upon the same if deviations exist. On the other hand, there are various departments in Tech (UK) Limited which are integrated with one another and required to perform well to inject overall efficiency (Chenhall and Smith, 2011). Finance, marketing, operations, production and HR are some departments of an organisation. A production unit provides reports in which amount of inventory needed is listed. This is then provided to finance department to evaluate whether resources are available to buy raw materials or not. Thus, all the units are interrelated with each other and performance is measured with much ease and as such, management accounting information assists departmental managers of Tech (UK) Limited to take enhanced

    Amazing Discount

    UPTO55% OFF

    Subscribe now for More Exciting Offers + Freebies

    Download Full Sample

    Cite This Work

    To export references to this Sample, select the desired referencing style below:

    Students sometimes cannot express their inability to work on assignments and wonder, "Who will do my assignment?" To help them understand the complexities of writing, we are providing "samples" on various subjects. Also, we have experienced assignment writers who can provide the best and affordable assignment writing services, essay writing services, dissertation writing services, and so on. Thus, don't wait any longer! Place your order now to take advantage of discounted deals and offers.

    Limited Time Offer

    Exclusive Library Membership + FREE Wallet Balance