Description
With Example of Calculations. Report length : 1500-2000 words.
As a newly-qualified Management Accountant, you have been asked by your line manager to produce a report that analyses the organisation’s use of planning tools to ensure financial stability and performance as well as ways in which management accounting has played a key role in preventing and solving financial problems.
This assignment is in the form of a two-part individual management report:
Part A:
Compare and contrast three planning tools used in management accounting (P4),
Analyse how each planning tool could be used for preparing and forecasting budgets, indicating how effective you judge each to be and why (M3, D3).
Your judgments should be supported by evidence.
Part B:
With reference to specific examples, compare how organisations are adapting management accounting systems to respond to particular financial problems (P5).
Analyse and evaluate how, by using management accounting, an organisation can achieve sustainable success (M4, D3).
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