Accounting Management Accounting Course

Coursework



Guidelines for implementation of student work on the subject "Management accounting".


Management accounting is defined as an internal process in an organization (enterprise). Management accounting is designed to provide managers will take the organization (company) information necessary for decision-making and good governance.

Properly delivered management accounting provides the information needed to prioritize the activities of the organization and planning of future activities, provides a basis for assessing the prospects of the opportunities and provides mechanisms for control over the implementation of decisions taken ..

Students need to learn the most important aspects of Western management accounting - factors and causes, historical and national characteristics, structure and basic elements. This is the main objective of the implementation of the course work.

Course work includes two sections:

1. Theoretical

2. Practical

The theoretical section is writing an essay on the coverage of the most pressing issues and problems of microeconomic materials from periodicals of newspapers and magazines. (Subjects abstracts listed below.

The practical part is based on the standard deviation of production standard costs.

Before carrying out this part of the course work, read the chapter 7 "Deviations from the standard production costs" manual "Management accounting".

(Practical and theoretical sections of the course work sent in one envelope)


Bottom section


1.Firma A produces C during the month activity of the company is as follows (in euros)

Unit price (euros) Number of output, pcs. Total cost (EUR)

The standard value of 8600

The actual value of 10,620

Difference


Using the data, calculate the deviation of the table on the use of deviations in price and the total deviation.


2. Information about the firm A are as follows:

Actual production volume for the reporting period amounted to 620 units

The actual general expenses - 1240 EUR

Flexible budget formula is as follows: EUR 400 permanent general expenses for the period, plus 2 euros variable overheads per unit of output,

Normative output is 600 units.

Calculated:

1. The estimated cost in the actual production volume

2. The rate of absorption

3. Absorption of costs for actual production

4. Clean the deviation

5. Rejection by volume

6. Deviation of actual costs


Sample topics abstracts:

1. The essence and purpose of financial accounting

2. The nature and purpose of management accounting

3. The concept, structure and cost structure

4. Standard Cost, complex costs

5. Principles of budgeting investments

6. Management Control

7. Budgeting Organization