describe the type of work the newly recruited management accounting could do and how this could benefit the business use examples drawn from this course, analysis of fixed, variable and semi variable cost budgeting etc to illustrate any points you wish to make, 35% 600 words The roles of the new managerial accountant within ABX Co will be gathering information from reliable sources on financial and informational, which can aid managers to make decisions, they need not to worry about providing and preparing informations for shareholders, dethiers and creditoers as they are out side the ordganization, the managerial accountant will be accountable for organizing and running the business team, and also expected to help in decision making and preparation of strategies on which can help with development of new products and man diverse ways in selling old products which can lead to incressing profits, improve sales and decrease loss. They will also need to manage the cash book which will have records of past transactions. Managerial accounting information includes: Information on the costs of an organization’s products and services.
For Example, managers can use product costs to guide the setting of selling prices. In addition, these product costs are used for inventory valuation and income determination (Horngren and Foster, pp. 2). Budgets.
A budget is a quantitave expression of a plan. Performance reports:
These reports often consist of comparisons of budgets with actual results. The deviations of actual results from budget are called variances (Horngren and Foster, pp. 3) Other information which assist managers in their planning and control activities.
Examples are information on revenues of an organization’s products and services, sales back logs, unit quantities and demands on capacity resources (Kaplan and Atkinson, pp. 1). A cost composed of a mixture of fixed and variable components. Costs are fixed for a set level of production or...