Define Management Accounting and to distinguish Management Accounting from Financial Accounting.

Management Accounting Report for Imda Tech (UK) Limited

Task 1

a) Prepare a well-researched written report on the functions of Management Accounting. Your presentation should cover among other things 3.

i. Define Management Accounting and to distinguish Management Accounting from Financial Accounting.
ii. The importance of management accounting information as a decision making tool for department managers.

b) Explain the different types of Management Accounting Systems and how it can be used by other departments to improve their reports. Your explanations should cover among other things: An explanation of-

Task 2
i. Absorption costing

ii. Marginal costing

Task 3
a) Different types of budgets and their advantages and disadvantages.

b) The process of preparing budgets

c) Pricing strategies

Task 4
a.) Explain what a Balance Score Card approach is and describe how the implementation of a balanced scorecard can deliver a range of performance measures (financial and non-financial).