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Managerial Accounting Case Study


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Title: Managerial Accounting Case Study

Managerial Accounting Case Study Help
Define Managerial Accounting
  • Managerial accounting is the practice of
    identifying, measuring, analyzing, interpreting,
    and communicating financial information to
    managers for the pursuit of an organization.
  • Managerial accounting focuses on internal users
    such as executives, product managers, sales
    managers, and any other professional who use
    accounting information to make important
  • The most important role of a managerial
    accountant is to conduct a relevant cost analysis
    to determine the existing expenses and give
    future activities suggestions.

Scope Of Managerial Accounting In Various
Accounting Field
  • Financial accounting
  • Cost accounting
  • Budget and forecasting
  • Revaluation Accounting
  • Cost control procedure
  • Statistical Methods
  • Inventory control

  • Reporting
  • Taxation
  • Methods and procedure Design and installation
  • Internal Audit
  • Financial management
  • Interpretation

Features of Managerial Accounting
  • Selective Nature
  • More emphasis on the future
  • Provide only information but no decision
  • The problem of choice
  • Study causes and effects relationship
  • Importance to elements of costs
  • Not bound by the rules of financial accounting

  • Reorganization of non- monetary variables
  • It modifies, analyzes, and interprets data
  • No specific rules and conventions
  • Achievement of objectives
  • Improving efficiency

Principles Of Managerial Accounting
  • Designing and Compiling
  • Integration
  • Management by Exception
  • Absorption of Overhead Cost
  • Control at Source Accounting
  • Utilization of Resources
  • Accounting for Inflation
  • Controllable and Uncontrollable Costs
  • Utility
  • Forward-looking Approach
  • Use of Return on Investment
  • Appropriate Means

Objectives Or Functions OF A Managerial Accounting
  • Presentation of Data
  • Modify The Present Data
  • Forecasting
  • Analysis and Interpretation of Data
  • Help in Organizing
  • Means of Communication
  • Planning

  • Facilities Control
  • Decision-Making
  • Using Qualitative Information
  • Coordination
  • Special Cost and Economic Studies
  • Motivating Employs

Accounting Topics Where A Managerial Case Study
Is Used
  • Cash Flow accounting
  • Containers and Consignments accounting
  • Investment and insurance claims
  • Bankruptcy and liquidation accounting
  • Accounting for partnership
  • Branch accounting
  • Public sector accounting
  • Executor-ships law and accounting

The Standard Format Of Managerial Accounting Case
Study Assignments
  • Title page
  • Executive summary
  • Introduction
  • Background information
  • Problems
  • The proposed solutions
  • Recommendation

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