Question: 1 Mini Project topic: Introduction to Management Accounting. You are the person in charge of the management accounting department of a manufacturing company. You are required to mentor your junior of the r staff on the essentials of the management accounting in the following areas: (Note: you may need to create an illustration to elaborate the following matters).
(A) Explain how to cost can be classified by their behaviour, with particular reference to the effects both on total and on until costs. Your report should: i) Say why it’s necessary to classify costs by their behaviour and (ii) Be illustrated by sketch graphs within the body of the report. (B) Cost classification used in management accounting include: (i) Product costs (ii) Period costs (iii) Direct costs (iv) Indirect costs Explain each of those classification, with examples of the type of costs that may be included. (C) Distinguish between, and provide an illustration of what constitute a “cost unit” and a “cost centre”. Question: 2 Mini Project topic: Essentials of Management Accounting A) Management accounting is the application of professional knowledge and skill in the preparation and presentation of information to all levels of management in the organization structure.
The source of such information is the financial and cost accounting. The information is intended to assist management in its policy and decision-making, planning and control activities. You are required to explain to your senior management of how the provision of management accounting informations can creates sustainable SUCCESS in an organization. B) Materials constitute a significant part of the manufacturing costs of an organization and therefore it is essential that proper control and accounting procedures be exercised in all aspects of the materials control system in the areas of: * Initial ordering and purchases * Inspection of materials * Storage * Stock control * Inventory stock-taking In relation to the above 5 integrated areas of material control system, you are required to explain the purposes, procedures & related documentation required so that material purchased is the most suitable for the intended purpose of usage and cost-effectiveness.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more