Demonstrate an understanding of management accounting systems
Easy Seat Ltd is a manufacturer of portable chairs to be sold at vantage points within cities throughout the UK. You have been appointed to the position of Assistant Management Accountant reporting to the Management Accounts Manager. You have been invited to a management meeting at the end of the month to present a report on a range of issues that borders on the importance of management accounting in decision making.
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LO1: Demonstrate an understanding of management accounting systems
Explain Management Accounting and give the essential requirement of different types of management accounting systems and explain the different methods used for management accounting reporting. Briefly bring out the difference between Financial Accounting and Management Accounting. |
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Further, evaluate the benefits of management accounting systems and their application within Easy Seat Ltd. And critically evaluate how management accounting systems and management accounting reporting is integrated within organisational processes. |
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