Management and Accounting - Assignment Example

Only on StudentShare

Extract of sample
Management and Accounting

Breakeven analysis of the results has also been prepared to determine the volume of sales at which the company will be able to cover its fixed costs. There are a number of financial tools and techniques available to assist business managers to monitor and control their operations. They include budgeting, ratio analysis, breakeven analysis and sensitivity analysis. 2.0 Budgeting Budgets are useful methods of monitoring and controlling costs and organisations prepare a number of them in order to monitor and control expenditure. They include revenue budget, material budget, labour budget, cash budget, budgeted income statement, and budgeted financial statements. The revenue budget is normally the first budget to be prepared. The revenue requirements are determined and a forecast is done of the revenues that the company will generate over a period and when the actual amounts will be received (See Appendix A). The material budget and the labour budget is then prepared based on the information in the revenue budget. These budgets indicate the cost of materials that are required in each period in order to achieve the targeted revenues. ...Show more


To: The Managing Director From: A.M. Project Manager Subject: Budget Analysis of Famished! Limited Date: Report Table of Contents 1.0 Terms of reference 2.0 Budgeting 3.0 Ratio analysis 4.0 Breakeven analysis 5.0 Sensitivity analysis 6.0 Conclusion Appendices References 1.0 Terms of reference This report provides various budgets for the first year of operations of Famished Ltd…
Author : trey11
Save Your Time for More Important Things
Let us write a custom assignment on your topic
"Management and Accounting "
with a personal 20% discount.
Find out more

Related Essays

Management Accounting
It states the best in management accounting advise such as how to apply the budgeting process, the impacts of a budget and how to incorporate a budget in an organization. I can use this to illustrate the role played by a budget in management accounting. This book concludes that budgeting is important in managing a business and this is true since it forecasts profitability, costs and thus used for decision making.
10 pages (2500 words) Coursework
Management Accounting --
This contingency management depends on the manager’s personal leadership style. It also relies upon the talent and behaviours of the regular employees. The contingency theory is a line of thinking that there is no one ideal way of leadership. It also contends that certain leadership styles may be effective in some situations, but not so in others.
3 pages (750 words) Essay
Financial Management and Accounting
In this paper, I seek to discuss aspects of financial management and accounting in a healthcare organization’s setup – nursing home. Identification of the Type of Organization – Nursing Home A nursing home refers to a set of “facilities with three or more beds that routinely provide nursing care services” (Evashwick, 2005, p.
3 pages (750 words) Essay
management accounting
Since the director’s of companies cannot execute their company’s strategies on their own, they have to rely on people and thus create an organization structure that allows decentralization of management responsibilities. According to Hoskin & Macve (1990, pg.
6 pages (1500 words) Essay
Financial Management and Accounting
The wide range of institutions included in this particular health care organization means that there are diverse sources of funding. But, nonetheless, the entire organization is privately funded and operates within a conventional framework of raising revenues.
3 pages (750 words) Essay
This paper contains an introduction to the topic of discussion, literature review, a research methodology that was used to collect data, a section for analyzing the data, and a last section for conclusion. Table of Contents 1 1.0 Introduction 3 2.0 Literature review 4 2.1 Accounting 4 2.2 Management control/ accounting systems 5 2.3 Management accounting and decision-making 6 3.0 Research methodology 7 4.0 Analysis 8 4.1 Supporting arguments for Johnson and Kaplan’s (1987) argument 8 4.1 Arguments against the criticism issued by Johnson and Kaplan 9 5.0 Conclusion 11 References 12 1.0 Introduction The field of management has witnessed numerous transformations that are mainly attributed to
10 pages (2500 words) Essay
management accounting
Question One: The economies of Europe and that of America experienced a financial crisis because of too much liberalization of their economies. The European Union and the United States government advocated for a free market economy. The definition of a free market economy is rather an ambiguous concept.
3 pages (750 words) Essay
Financial Case Study Analysis and Excel Work
The other factor that leads to the profitability is the good advertising skills. The jokes that are involved in the phone calls are appealing to the customers and that makes them to become brand loyal. The valuation will
5 pages (1250 words) Case Study
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email