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Management Accounting - Coursework Example

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Annotated Bibliography Ahrens, T & Chapman, C 2007, Management accounting as practice, Accounting, Organizations and Society, vol. 32, pp. 1-27. This book gives the details of management accounting as a practice. It also gives more information on management accounting practices…
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Management Accounting

Download file to see previous pages... Available at: . Anderson, DR, Sweeny, DJ, Williams, TA & Martin, RK 2007, An introduction to management science: Quantitative approaches to decision making, 12th edn, Cengage Learning. This book is quite helpful in the field of management accounting and the quantitative perspectives in decision making. The book has a great deal of citations proving academic value of wide content. The methods, calculations and examples in the book are accurate and simple to understand and can be used for real world cases. This text demonstrates how quantitative measures including labour costs, units produced and hours worked can be analysed and findings used for decision making. I will use this book to show how quantitative measures can be applied in management accounting mainly in budgeting. This book shows the relevance of quantitative measures in decision making and I agree with this concept. Available at: . Atrill, P & McLeany, E 2003, Accounting and finance for non-specialists, 4th edn, Financial Times/Prentice Hall. In this edition, the text introduces fundamental values and principal concepts of accounting and finance. It takes on practical and non-technical perspectives that I can apply in management accounting and decision making. The text is written from a 'user' perspective, signifying ways in which accounting statements and financial information can be used to develop the value of decision making. This book gives the relationship between the financial and accounting principles and this has been proven by studies over the years. Available at: . Atrill, P & McLeany, E 2009, Management accounting for decision makers, 6th edn, Financial Times/Prentice Hall. This book gives a clear understanding of management accounting and how it is applied in decision making. This edition gives an introduction to the main principles in management accounting including costing, budgeting and strategic management accounting with a strong practical importance and avoids extreme technical aspects. It gives a clear description on how accounting information can be used by management to better the quality of decision making. I can use this book to discuss the major areas in my proposal which are: budgeting, strategic management accounting and decision making. The text delves on the positive impacts of proper management accounting in decision making process. Available at: . Callahan, KR, Stetz, GS & Brooks, LM 2007, Project management accounting: Budgeting, tracking, and reporting costs and profitability, John Wiley and Sons. The concepts in this text are centred on sound accounting practices that are used to improve the management of firms and their ...Download file to see next pagesRead More
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Management Accounting Assesssment
These changes are in the form of corporate strategy, business strategy and even in day to day operations. Before introducing the change, companies conduct in-depth analysis of its strengths as well as weaknesses. They also evaluate the external environment (political, economic, social, technical, legal and environmental) to identify external threats as well as opportunities.
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The Purpose of Managerial Accounting
This is also purposeful for making the non routine decision by managers related to the internal reporting and its functions (Chadwick, 1998). The management accounting is also purposeful for the external reporting of information to the shareholders, creditors, government, investors etc.
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Management accounting for business decisions Trailer Construct plc
The demand for construction of new trailers has been consistently rising through the five years to 2011, although demand for repair remained consistent throughout the same period. As a result, the company decided to raise its production level, however its policies and practices remained the same.
6 Pages(1500 words)Coursework
Management accounting and control
This has prompted the use of the balance scorecards approach which enables the organizations to balance the internal and process measures with results and the financial measures which gives the managers a complete picture of the organization as well as the areas where they should make improvements (Lipe and Salterio 2000).
15 Pages(3750 words)Coursework
Management accounting and control (5-8)
As time passes on, the roles of the accountant keeps changing. In addition, they become more diversified enabling the roles of the accountant to be viewed in varied forms of activities. Management accountant hence applies several forms of concepts and practices in the process of budgeting.
15 Pages(3750 words)Coursework
Management accounting and control (s-12 -1-4))
This variance from an organisation’s budget is what directs attention to important aspect of budgetary process, the control process. There is need for accountants to explore all variances as a practice of “management by exception” (Bunce et al 1995).In the management of public resources, it is important to adopt a control model that aids the process of good governance.
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Management accounting and control (s-12 -5-8))
Finance is all about managing and utilizing the funds of an entity from different angles and to assess them with different provisions organisations have to undertake different decisions in total (V.S.BAGAD, 2008, pp.52). Managing the funds and increasing the shareholder’s equity is not the only provision and lawsuit of an entity but it mainly depends on certain things.
15 Pages(3750 words)Coursework
Management accounting-Bias Budgets
In most cases, the approval process takes a longer time than preparing and this is because the managers have to decide on prioritizing and the involved discussion between the management team. In fact, the process of approving budget involves the following steps: budget consolation, reviewed by financial staff, reviewed by top management, discussion with division manager, and making the tough decision.
8 Pages(2000 words)Coursework
Supervisory management/managerial accounting
It is an activity on the part of management to get things done by others, willingly and not by compulsion. Leadership is the process of influencing subordinates in an organization for the achievement of organizational objectives. It is the mangers' ability to induce employees to perform their tasks confidently and enthusiastically.
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Strategic Management Accounting
The findings obtained accordingly reflect that proper strategic decision and market research were the key roles of the business. In the case scenario provided with regard to Fransoko,
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