Managerial Accounting Case Study

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Managerial Accounting Case Study Help
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Define Managerial Accounting

• Managerial accounting is the practice of
  identifying, measuring, analyzing, interpreting,
  and communicating financial information to
  managers for the pursuit of an organization.

• Managerial accounting focuses on internal users
  such as executives, product managers, sales
  managers, and any other professional who use
  accounting information to make important
  decisions.

• The most important role of a managerial
  accountant is to conduct a relevant cost analysis
  to determine the existing expenses and give
  future activities suggestions.

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Scope Of Managerial Accounting In Various
Accounting Field

• Financial accounting

• Cost accounting

• Budget and forecasting

• Revaluation Accounting

• Cost control procedure

• Statistical Methods

• Inventory control

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• Reporting

• Taxation

• Methods and procedure Design and installation

• Internal Audit

• Financial management

• Interpretation

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Features of Managerial Accounting

• Selective Nature

• More emphasis on the future

• Provide only information but no decision

• The problem of choice

• Study causes and effects relationship

• Importance to elements of costs

• Not bound by the rules of financial accounting

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• Reorganization of non- monetary variables

• It modifies, analyzes, and interprets data

• No specific rules and conventions

• Achievement of objectives

• Improving efficiency

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Principles Of Managerial Accounting

• Designing and Compiling

• Integration

• Management by Exception

• Absorption of Overhead Cost

• Control at Source Accounting

• Utilization of Resources

• Accounting for Inflation

• Controllable and Uncontrollable Costs

• Utility

• Forward-looking Approach

• Use of Return on Investment

• Appropriate Means

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Objectives Or Functions OF A Managerial Accounting

• Presentation of Data

• Modify The Present Data

• Forecasting

• Analysis and Interpretation of Data

• Help in Organizing

• Means of Communication

• Planning

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• Facilities Control

• Decision-Making

• Using Qualitative Information

• Coordination

• Special Cost and Economic Studies

• Motivating Employs

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Accounting Topics Where A Managerial Case Study
Is Used

• Cash Flow accounting

• Containers and Consignments accounting

• Investment and insurance claims

• Bankruptcy and liquidation accounting

• Accounting for partnership

• Branch accounting

• Public sector accounting

• Executor-ships law and accounting

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The Standard Format Of Managerial Accounting Case
Study Assignments

• Title page

• Executive summary

• Introduction

• Background information

• Problems

• The proposed solutions

• Recommendation

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