MGBAF1MA1 Management Accounting

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Understand and describe the budgeting process, apply appropriate techniques, and explain their significance in the business environment.

Use standard costing systems to determine and control an organisation’s performance and identify correct action.

This report will encourage the students to apply theoretical and practical assessments using Microsoft Word and Excel spreadsheets. The knowledge and skills gained in Management Accounting I will build onto Management Accounting II and will help learners address their skills in the budgeting process and costing systems. The report will further develop students’ knowledge, enhance their accounting skills, and address practical skills to resolve business problems. The assessment must be submitted in a report format.

You are a trainee management accountant attached to the Finance Manager of Kalifa Manufacturing Inc. The Finance Manager has just returned from a global business executive retreat that focused on the budgeting process, structure and compliance, and alternative costing methods as matters for strategic efficiency and effectiveness in businesses.
Kalifa Inc. is a British-based technology company that manufactures and sells diverse computer appliances such as personal computers (PCs), servers, data storage devices, network switches, software, computer peripherals, HDTVs, cameras, printers, and other electronics. They also function in repairs and support of related products and services. The audit reports for Kalifa Manufacturing Inc. suggest a downward competitive trend for the last four (4) seasons.
You have been asked to investigate and report to your boss at Kalifa Manufacturing Inc., using appropriate examples and report format in Microsoft Word and screenshots from Excel Spreadsheet where necessary. Your scope includes.
Evaluate how the budgeting process influences and controls organisational performance.
Discuss how structure and compliance are important in upholding ethical and efficient advancement in Kalifa Manufacturing Inc.
Evaluate the essence of alternative costing methods and recommend their application in Kalifa Manufacturing Inc., emphasising financial and non-financial decision-making criteria.

Price: £99

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