Accounting Management of Origin Energy Limited

Question :

This assessment will cover following questions:

• Origin Energy Limited is a supplier of electricity and gas. Identify the Activity Based Budgeting its unique features used by the Origin Energy Limited company.
• How Activity Based Budgeting is suitable for the Origin Energy Limited company.
• Differentiate between the Activity Based Budgeting and traditional budgeting system.

INTRODUCTION

Management accounting is the branch of accounting that refers to planning, analysing and interpreting the financial information for decision making. It is also known as cost accounting that is essential for the business enterprises and its managers to make decisions. Management accounting helps the managers to achieve their business objectives and goals. Management accounting has become a very broad area that is helping the organisation through its various techniques. There are various types of management accounting that are used by the organisations according to their operational activities (Bataineh, 2018). The report is about the budgetary method Activity based budgeting system. Study will reveal about the features of activity based budgeting how it aids in planning and controlling the activities of company. The report is based on the Origin Company Electricity providers and gas suppliers.