Techniques used by management accountant and usefulness of management accounting information in the public sector
Contents Page
Introduction………….……………………………… 1
Discussion Part (A)….……………………….………2/
Discussion Part (B)…...………………….………..........
Conclusion.......................................................................
Bibliography....................................................................
Appendices.......................................................................
Introduction
According to the Chartered Institute of Management Accountants (CIMA), Management Accounting is "the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information used by management to plan, evaluate and control within an entity and to assure appropriate use of and accountability for its resources. Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders, creditors, regulatory agencies and tax authorities"(CIMA Official Terminology).
In this assignment I will be discussing about two points, which relate to management accounting.
In point (a), I will be discussing the various techniques which could be used by the management accountants in fulfilling their role.
In point (b), I will be discussing the usefulness of management accounting information in the public sector, although most of the applications of management accounting appear to relate to manufacturing companies, and also relating to the fact that, can management accounting methods be applied in other types of organisations other than manufacturing companies.
Discussion Part a):
Discuss the various techniques which could be used by the management accountant in fulfilling their role. Please draw from the given definitions and the methods you have studied so far in both the introductory and intermediate management accounting in answering this requirement. Your work should not just be a list of advantages and disadvantages
Introduction………….……………………………… 1
Discussion Part (A)….……………………….………2/
Discussion Part (B)…...………………….………..........
Conclusion.......................................................................
Bibliography....................................................................
Appendices.......................................................................
Introduction
According to the Chartered Institute of Management Accountants (CIMA), Management Accounting is "the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information used by management to plan, evaluate and control within an entity and to assure appropriate use of and accountability for its resources. Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders, creditors, regulatory agencies and tax authorities"(CIMA Official Terminology).
In this assignment I will be discussing about two points, which relate to management accounting.
In point (a), I will be discussing the various techniques which could be used by the management accountants in fulfilling their role.
In point (b), I will be discussing the usefulness of management accounting information in the public sector, although most of the applications of management accounting appear to relate to manufacturing companies, and also relating to the fact that, can management accounting methods be applied in other types of organisations other than manufacturing companies.
Discussion Part a):
Discuss the various techniques which could be used by the management accountant in fulfilling their role. Please draw from the given definitions and the methods you have studied so far in both the introductory and intermediate management accounting in answering this requirement. Your work should not just be a list of advantages and disadvantages
Bibliography: (Date Accessed: 09/03/2012) Time (13.00pm) Example of CVP in a Service Industry http://online.cit.edu.au/toolboxes/accounting/fnbacc14a/develop/keyprinciple/service.htm (date and time accessed 17:06pm 24/03/2012) Appendices Page http://online.cit.edu.au/toolboxes/accounting/fnbacc14a/develop/keyprinciple/service.htm (date and time accessed 17:06pm 24/03/2012)