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Decision Making with Managerial Accounting (Example)

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 Managerial Accounting  (Author’s name) (Institutional Affiliation) Managerial Accounting Managerial accounting is the process of identification of analyzing measuring interpreting and communication of accounting information with the aim of achieving organization goals. Managerial accounting is also referred to as the cost accounting. It is the part of accounting that helps the organization in making decisions that are ideal for the management. Role of managerial accounting and the management accountant in a business Managerial accounting deals specifically with the provision of important information and provision of reports to the internal users of the information such as managers entrepreneurs among others to help in the day to day running of activities of the organization. Ideally managerial accounting is used in Planning and budgeting Managers use techniques of managerial accounting in planning how to sell their products the price to charge for the items putting in mind the cost of production and acquisition is the kind of budget used in an organization in reporting the daily inflows and outflows of cash in an organization. It helps in giving accurate information on the amount the company uses in payments alongside the amount that flows into the organization. References Bromwich M. & Bhimani A. (2005). Management accounting: Pathways to progress. Cima publishing. Burns J. & Scapens R. W. (2000). Conceptualizing management accounting change: an institutional framework. Management accounting research  11(1) 3-25. Granlund M. & Malmi T. (2002). Moderate impact of ERPS on management accounting: a lag or permanent outcome?. Management accounting research  13(3) 299-321. Horngren C. T. Sundem G. L. Stratton W. O. Burgstahler D. & Schatzberg J. (2005). Introduction to management accounting. Upper Saddle River New Jersey: Prentice Hall. Kaplan R. S. & Atkinson A. A. (2015). Advanced management accounting. PHI Learning. Otley D. (1999). Performance management: a framework for management control systems research. Management accounting research  10(4) 363-382. [...]

Order Description:

Due to varying business characteristics, the managerial accounting techniques applied in each business may differ. For example, a business in the start-up phase may rely heavily upon budgeting and capital investment techniques; whereas, a business in the mature/maintaining phase may rely heavily upon cost management and quality control. Ultimately, the techniques used by management should assist the business in achieving its short-term and long-term goals through effective decision-making. For your Final Paper, you will analyze the role of managerial accounting in two parts. Part I will provide a general overview of managerial accounting. Part II will provide examples of how managerial accounting theories and principles are applied in the business world. You may find it helpful to reflect upon your own professional experiences for examples. Part I (at least 3 double spaced pages, excluding the title and reference pages) Present the following: Define managerial accounting Describe the role of managerial accounting and the management accountant in a business or organization Describes ethical issues/concerns for the management accountant Describes at least three managerial accounting techniques available and their application within a business or organization Part II (at least four double-spaced pages, excluding the title and reference pages) Select at least three of the five topics identified below: Cost Management Techniques Costing Methods Capital Investment Decision Techniques Budgeting Quality Control For each topic selected, present real world examples of the application of managerial accounting techniques within a business or organization. Examples may be gathered from your own professional experiences or from case studies obtained from credible sources (excluding textbook examples explored in previous weeks). Presentation of each example should include how a managerial accounting technique was applied in the business or organization’s decision-making model. Be sure to support your example with calculations when applicable. Writing the Final Paper The Final Paper: Must be eight to ten double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center. Must include a title page with the following: Title of paper Student’s name Course name and number Instructor’s name Date submitted Must begin with an introductory paragraph that has a succinct thesis statement. Must address the topic of the paper with critical thought. Must end with a conclusion that reaffirms your thesis. Must use at least five scholarly sources. Must document all sources in APA style, as outlined in the Ashford Writing Center.

Subject Area: Accounting

Document Type: Paraphrasing

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Project's rating is 5/5

Price $40

Words 825

Pages 3

Completed in 1 day

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Client Review

on time correct amount of pages good paper


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