We're Open

  100% Pass and No Plagiarism Guaranteed

Describe the usefulness and purpose for which Managers need accounting information.

Subject Title 
Managerial Accounting

Subject Description 
Accounting 533 continues the study of cost classification and cost behaviour and the use of standards for costing, managerial evaluation and financial planning. Final objectives are to provide management with relevant information for decision making. Its objectives are to analyse cost-volume-profit relationships, to determine income using segmented reporting and contribution margin, to prepare master budgets and evaluate divisional performance of various responsibility centres.

Learning Outcomes 
Upon successful completion of this subject the student will be able to:

1. Describe the usefulness and purpose for which Managers need accounting information.

2. Prepare a master budget including all supporting schedules, comprising sales, production, material purchases, labour, and manufacturing overhead, budgeted income statement, cash flow and budgeted balance sheet.

3. Demonstrate the use of standard cost and prepare standard cost variances analysis for materials, labour and manufacturing overheads. Understand the journalisation of all standard cost transactions.

4. Prepare flexible overhead budgets and explain their use in controlling department performance.

5. Allocate service department costs to segments of the organization, and compute the segment margin.

6. Compute internal transfer prices under conditions of full and idle capacity.

7. Prepare analyses of relevant costs of dropping of a product line, make or buy decisions, equipment replacements and the further processing of joint products.

8. Determine target prices for products and services under various market conditions by the use of cost-plus pricing under either absorption or contribution approach

100% Plagiarism Free & Custom Written,
Tailored to your instructions
paypal checkout

The services provided by Assignment Experts UK are 100% original and custom written. We never use any paraphrasing tool, any software to generate content for e.g. Chat GPT and all other content writing tools. We ensure that the work produced by our writers is self-written and 100% plagiarism-free.

Discover more

International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120

100% Pass Guarantee


We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples