StudentShare solutions
Triangle menu

Management accounting - Assignment Example

Nobody downloaded yet
Before I begin discussing this statement, I would like to make my stand known. I disagree with this statement and I welcome the opportunity to argue and defend my case; this disagreement will form the bedrock of my whole discussion. Based on research and my professional experience, modern developments like activity-based costing (ABC) have brought significant benefits and advantages to businesses and organizations everywhere regardless of the size (small, medium-sized and large). These developments have allowed businesses and organizations to implement more efficient systems that guarantee long-term growth provided the implementation process is done correctly and professionally (Cotton 2001, pg. 29). ABC, for example, is a recent modern development/innovation that has been rapidly adopted by organizations in many industries. Governments and NGOs have also been quick to adopt and implement ABC and to make it a core component of their management policies. This shows that there must be something beneficial about these modern developments and ABC in particular, their fanciness is inconsequential to their primary functions. It is important to note that the adoption of such developments/innovations is not done in a wholesale manner because they come with their own disadvantages that must be addressed (Lucas 2006, pg. 39). However, overall, such developments are more beneficial and therefore rightfully warrant adoption and adoption.
Let us go back to ABC. This is a technique employed in determining correct costs. It is used to assign resource costs (based on activities that are conducted) to cost objects like customers products, or services. The basis for the ABC approach to costing is that an organization’s products or services stem from activities. Activities consume resources which in turn incur costs. In ABC, the costs of resources are normally assigned to activities on the basis of ...Show more
Cite this document
  • APA
  • MLA
(“Management accounting Assignment Example | Topics and Well Written Essays - 1000 words - 2”, n.d.)
Retrieved from
(Management Accounting Assignment Example | Topics and Well Written Essays - 1000 Words - 2)
“Management Accounting Assignment Example | Topics and Well Written Essays - 1000 Words - 2”, n.d.
  • Cited: 0 times


Commenting on the results, I would say that both methods (conventional absorption costing and activity based costing) are effective ways of preparing budgeted profit statements. Looking at the results, I would say that the answers I came up with are valid confirmations that…
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"Management accounting"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Management accounting
The main purpose of the operating statements of income statement is to help the companies to evaluate their performance on the basis of sales and expenses. The income statement reflects strongly upon the profit and loss occurred in the company according to the sales and expenses of the firm.
7 pages (1750 words) Assignment
Management accounting
The management process is dynamic consisting of various activities, elements and functions (Hermanson 2010). The key major management functions involve planning, controlling, decision making and communicating. It is notable that management accounting information is very vital in executing these management functions in an organization.
4 pages (1000 words) Assignment
Management Accounting
The main reason for doing this is that, these investments involve commitment of large sums of funds; they take a long time, require much commitment from the management and are irreversible. The four major techniques used for evaluating investment in capital projects include: accounting rate of return (ARR), Payback period technique, net present value (NPV) technique, and internal rate of return (IRR) (Gotze, et al., 2007).
11 pages (2750 words) Assignment
Management Accounting
The decisive issue in management accounting is whether the government, organization or consumer is more contented with the transaction or dealing made. Civic actions will tend to generate either more benefits or demerits that determine
6 pages (1500 words) Assignment
Management accounting
ements and the information provided by the company, it is evident that the company is producing and selling units less than its budgeted figures show. The variance analysis is the most commonly used tool for evaluating the performance of a business by comparing its costs and
7 pages (1750 words) Assignment
Management accounting
The use of these methods provides a convenient and effective way of preparing and documenting financial statements. There is
4 pages (1000 words) Assignment
Management Accounting
The cost driver in a particular group is selected depending on the cause effect link in the cost object and the firm’s ability to have overhead costs. The Institute of Management Accounting indicates that ABC is advantageous
2 pages (500 words) Assignment
Management accounting
The organizing fee comprises decoration of the room with the help of balloon or room enhancements or theme party. She is about to start her business
6 pages (1500 words) Assignment
Management Accounting
However, following changes in overhead costs during 2015 saw the cost or producing one foot of pipe rise to $0.40 and the selling price remaining at $0.39. At this moment, if the company is making one foot of pipe at a cost of $0.40 and sells it at $0.39, it
4 pages (1000 words) Assignment
Management Accounting
The primary purpose of the costing systems in companies is to ensure that the cost of production, operation and other activities are determined and controlled. The management accountants
7 pages (1750 words) Assignment
Comments (0)
Click to create a comment
Let us find you another Assignment on topic Management accounting for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us