LO1 Demonstrate an understanding of management accounting systems.

Unit 5 Assignment: Management Accounting

Introduction The submission is in the form of an individual written report. This should be written in a concise, formal business style using single spacing and font size 12. You are required to make use of headings, paragraphs, tables, and subsections as appropriate, and all work must be supported with research and referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system and conclusion reflecting on you learning. The recommended word limit is 1,500–2,000 words, although you will not be penalised for exceeding the total word limit.

Learning Outcomes (LO)

LO1 Demonstrate an understanding of management accounting systems.

LO2 Apply a range of management accounting techniques.

LO3 Explain the use of planning tools used in management accounting.

LO4 Compare ways in which organisations could use management accounting to respond to financial problems

Assignment Brief

Scenario

Wiz Phone (UK) Limited, is a producer of special charger for mobile phones and other gadgets for retail customers in the UK. You are a Junior Management Accountant at the business, who attended the last senior management meeting, where some department managers complained about the lack of financial information to improve their decision making. The Director of Finance in Wiz Phone (UK) Limited has asked you to produce a report which will also be presented to all the department managers at the next meeting. As part of the presentation you have been asked to produce a range of supporting handout portfolio that identifies a range of management accounting techniques including planning tools and a comparison in the ways in which the organisation can respond to financial problems.