How to Create Unit 5 BTEC Level 5 Management Accounting Assignment

How to Create Unit 5 BTEC Level 5 Management Accounting Assignment

Type:
Case Study Report And Presentation

Introduction:
This report states the main management accounting principles and some important management accounting principles too. We will also discuss some essential requirements needed in General Sportswear to implement different management accounting systems. In this report we will also state the benefits which will be got by implementing management accounting in General Sportswear. We will also critically evaluate the implementation of management accounting system and reporting in General Sportswear. We will also have a look at different methods which are used for management accounting reporting. In this report an income statement will also be generated using marginal and absorption cost techniques. We will also produce some reporting documents by applying different management accounting techniques on the given data. This report also includes financial reports for a range of business activities at General Sportswear.

Table of Contents:

Introduction:

1. Management Accounting Principles (P1):

1.1. Principle of Causality:

1.2. Principle of Analogy:

2. Management Accounting and implementation of its types in General Sportswear (P1 & M1):

Cost Accounting System and its essential requirements:

Inventory Management System and its essential requirements:

Job Costing System and its essential requirements:

Price Optimization System and its essential requirements:

3. Different Methods for Management Accounting Reporting (P2):

Budgeting Reports:

Job Cost Reports:

Inventory and manufacturing reports:

Performance Reports:

Order Information Reports:

Business Situation or opportunity reports:

Accounts Receivable Aging Reports:

4. Critical Evaluation of Management Accounting Reporting:

Budgeting Reports:

Job Cost Reports:

Inventory and manufacturing reports:

Performance Reports:

Order Information Reports:

Business Situation or opportunity reports:

Accounts Receivable Aging Reports:

5. Income Statements:

Income Statement using Absorption Cost:

Income Statement using Marginal Cost:

6. Financial Reporting Documents (M2 & D2):

Balance Sheet:

Cash Flow Statements:"
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