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Managerial Control Systems - Assignment Example

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The author of this paper states that the first phase of the case study involves describing the present management accounting system, and the manner by which the firm’s effects on the environment are treated. Traditional accounting systems group operating costs indiscriminately together…
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Managerial Control Systems
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Download file to see previous pages The Blackbaud school accounting and reporting system is primarily a school management software catering to staff in all school office (Blackbaud website, 2012), and is limited in its outputs as far as management accounting is concerned. In its reporting capability, it generates the standard summary accounting information (chart of accounts, trial balance, the general ledger, and the income statement and balance sheet). There is no categorization or distinction among costs, all being reported together as overhead. These outputs are used to manually generate the pertinent spreadsheet leading to the more detailed income and expenditure statement and cash flow forecast, which have greater detail to support management decisions. Capital expenditures are distinguished as to capital works and capital replacements. Acquisition price form the sole criterion for deciding among projects, without taking into account the forecasted revenues/ benefits accruing therefrom. There is no system for monitoring costs after the acquisition of either capital works or replacement; in the case of the latter, replacements depend upon user requests and not upon any systematic capital budgeting method.
According to the case study, there are four environmental impacts of MLC’s operations. These are energy usage, paper usage, water usage, and waste management. Each of the costs associated with these impacts is coded directly into the firm’s expenses accounts. Expenses that go into energy, paper, and water usage are assigned to the broad category of “administration and general” overhead expenses, while costs incurred for waste management are recorded under “caretaking and cleaning” overhead expenses. ...Download file to see next pagesRead More
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