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 decisions. • 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

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• 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

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• 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

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• 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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