Unit 5: Management Accounting
[Application of Management Accounting in Business Context]
Student Name: Md Lutfur Rahman
ID: 26091614120
Page | 1
Table of Contents
Introduction................................................................................................................................3
Q1: Explaining management accounting and importance of integrating management
accounting systems within an organization (P1)........................................................................3
M1 Benefits and application of management accounting systems........................................3
Q2 Explaining different techniques and methods used for management accounting reporting
(P2).............................................................................................................................................5
D1 Critically evaluating the integration of management accounting systems and reporting
within organizational processes.............................................................................................5
Q3: Calculating costs using appropriate techniques of cost analysis to prepare an income
statement using marginal and absorption costs (P3)..................................................................6
M2 Application of Management Accounting techniques to produce financial reporting
documents..............................................................................................................................6
D2 Interpretation of complex business activities based on financial reports.......................10
Q4: Explaining the advantages and disadvantages of different types of planning tools used for
budgetary control (P4)..............................................................................................................10
M3 Analysis of the use and application of the planning tools in preparing and forecasting
budgets.................................................................................................................................10
D3 Evaluating how the planning tools respond to the financial problems..........................10
Q5: Evaluating ways of management accounting in response to financial problems and
effectiveness of management accounting to prevent financial problems (P5).........................13
M4 Analysis of how management accounting responds to financial problems...................13
D3 Evaluating how management accounting planning tools solve financial problems.......13
Conclusion................................................................................................................................15
References................................................................................................................................15
Page |