Q Role of management accounting and management accounting systems Unit 5 Management Accounting Assignment Help - Unit 5 Management Accounting - Level 4 (Diploma in Business) Previous << >> Next Unit 5 Management Accounting - Level 4 (Diploma in Business) Get premium-quality online Diploma assignment help from the experts on our team. At a minimum price, according to your requirements, we will create and send you original assignment solutions worthy of top grades. Part A 1. Principles of management accounting a) Influence: b) Relevance: c) Analysis: d) Trust: 2. Role of management accounting and management accounting systems a) Planning: b) Organizing: c) Controlling: d) Decision making: 3. Use of techniques and methods used in management accounting 4 Calculation of income statements 5. Integration of management accounting to the organization and its benefits. Part B Scenario 1 A) A budget is a forecast of what is expected to happen in a business during the next year.' b) ‘Activity-based budgeting is an approach that takes account of the planned volume of activity to .deduce the figures to go into the budget.' Scenario 2 (i) A. Cash budget is a plan that shows the inflows and outflows during the period for which it is calculated. It helps in evaluating if the business has sufficient cash to operate its day to day activities or not. It includes revenues and expenses paid by the business and reflects the position as surplus or deficit. Cash budget is significant for a business. b. The cash budget is as follows: C .Information required by the banker for granting overdraft for further expansion:- Scenario 2 (ii) Scenario 3 i) ‘Afavorable direct labor rate variance can only be caused by staff working more efficiently than budgeted.' ii) ‘When calculating variances, we ignore differences of volume of output, between original budget and actual, by flexing the budget. If there were a volume difference, it is water under the bridge by the time that the variances come to be calculated.' iii)‘ Most businesses do not have feedforward controls of any type, just feedback controls through budgets.' Scenario 4 b) (I) Calculation of NPV, IRR and payback period (ii) Selection of a project Scenario 5 A. Cost plus pricing B. It is important to hold inventories. c. (i) Calculation of ratios to measure efficiency of working capital management for two years (ii) Inventory management tools (iii) Operating cycle Unit 5 of the Level 4 Diploma in Business covers the principles and techniques of management accounting. Topics include cost accounting, budgeting, variance analysis, decision-making, and performance measurement. The assignment for this unit requires students to apply the concepts of management accounting to a real-world business scenario. Here are some of the key skills and knowledge that students will learn in Unit 5: How to identify and classify costs How to prepare budgets and track actual results How to analyze variances between budget and actual results How to use decision-making tools to make informed choices How to measure and evaluate performance Are you not able to complete your HND assignment? Need someone who can complete your paper before the deadline? Miracleskills.com is the best place for you. We provide HND assignment help before the promised deadline. Strategic Financial Management Assignment Help Human Resource Planning Assignment Help Study on a Smart Hybrid Car Development Project Computing Research Project Assignment Help Engineering Science Assignment Help Performance and Reward Management Assignment Help Team and Individual Leadership - Mentoring & Coaching Others Law for Licensed Premises Assignment Help Research Project Assignment Help Dog Grooming BTEC Level 3 Creative Digital Media Production BTEC Level 3 BTEC Qualifications in Business Want to Excel in Course? Hire Trusted Writers for Help! —> https://miracleskills.com/ Login to Track Access multiple benefits of your account – access coupon code and track your order instantly! Account Login Submit New Assignment New user can place an assignnment order instantly and take full access of tutor's services. Order Now