Management Accounting Case Study - 2102 Words

Management accounting systems Case Analysis: HSBC Bank Student Name: Course: Academic Year: Module: Date of Submission: Executive Summary Management accounting over the years has really emerged very significantly in the field of banking and finance. There are numerous objectives and significance that has been reflected in numerous literatures mentioning the primary strategic and management significance management accounting has brought to the table in the field of international finance. As mentioned by many academic and financial scholars, management accounting has today emerged as the most important financial tool which helps them attain a strong position in the market by making sound and strong strategic decisions. This report†¦show more content†¦2.1 Comparing Management accounting with Financial Accounting Characteristic | Financial Accounting | Management Accounting | Monetary Vs. non-monetary | Information is much more monitory in nature and deals with financial figures and values | This includes both financial and non financial information relating to the business. | Relevance Vs. precision | This more precision focused | This is focused on relevance | Format | This is structured and is compelled to operate on the guidelines and formats acknowledged by International Accounting Standards (IAS) | No such standards or formats are to be followed and are bespoke to the business concerned. | Planning and control | Guides to make investment decision based on elements like credit ratings etc | This helps the management to make strategically sound decisions that are based on the various elements of cost, volume, revenue. | External Vs. Internal | This is focused to provide information to parties that are external to the business like investors, shareholders etc | This is internal to the bu siness to help management, employees and other internal players to analyse the current position of the business and make the required decisions. | Focus | Past oriented and measure historical information | Future oriented, used for budgeting and forecasting | GAAP | GAAP is compulsory | Not required | Time span | 12Show MoreRelatedCase Study for Management Accounting36912 Words   |  148 PagesCASES FROM MANAGEMENT ACCOUNTING PRACTICES Table of Contents Case 1: Case 2: Bal Seal Engineering Robin Cooper Bill’s Custom Planters William Stammerjohan Deborah Seifert Dublin Shirt Company Peter Clarke in assoc. with in assoc. with Paul Juras Wayne Bremser ECN.W William Lawler Endesa Gary M. Cunningham Scott Ericksen Francisco J. Lopez Lubian Antonio Pareja Kincaid Manufacturing Jon Yarusso Ram Ramanan Osram.NA John Shank Lawrence Carr William Lawler Pleasant Run Children’s Home Brooke E. SmithRead MoreCase Study for Management Accounting36918 Words   |  148 PagesCASES FROM MANAGEMENT ACCOUNTING PRACTICES Table of Contents Case 1: Case 2: Bal Seal Engineering Robin Cooper Bill’s Custom Planters William Stammerjohan Deborah Seifert Dublin Shirt Company Peter Clarke in assoc. with in assoc. with Paul Juras Wayne Bremser ECN.W William Lawler Endesa Gary M. Cunningham Scott Ericksen Francisco J. Lopez Lubian Antonio Pareja Kincaid Manufacturing Jon Yarusso Ram Ramanan Osram.NA John Shank Lawrence Carr William Lawler Pleasant Run Children’s Home Brooke E. SmithRead MoreCase Study Questions On Management Accounting1670 Words   |  7 PagesAssessment 2 – Management accounting written assignment NEXT Plc Case Student ID Number: 1423839 May 2016 Contents 1. Introduction 3 2. Background 3 3. 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