Relevant and irrelevant cost, Financial Management

The first involved the creation of spreadsheets to resolve some problems for an organization. You will need to model the problem roughly before you start to spreadsheet and you will need to be as organization as possible to create your solution. You will need to use relevant costing approach- this means that there could be a long way to get to the solution, which will not earn you much, and a much quicker way which will reward you. Unfortunately the quicker way involves more thinking. The spreadsheet should be shown as an appendix to the report to management that you will have to write. Note that there will be some degree of repetition between your spreadsheets. You will need to think about how to make your report tidy and well referenced. The written report will be 1000 words in length, plus the spreadsheet appendices, assumptions and any references.

The second part of the work is much more open end and asks you to consider how management accounting could help a real organization of your own choice. You chould not undertake any primary research to do this but use online and library sources to find out the needs of your chosen organization in terms of management accounting. The best report will understand what the chosen organization actually does and what its information needs are. The report will be about 2000 words in length, plus references and appendices (appendices might include your detail about the organization). You must choose a different organization to the one you chose the first time

 The structure of your report is very important and you should give attention to this. You should also use Harvard referencing. Information on report writing and referencing will be given on BREO

PART 1: Case study- Fernhill

You are to compile a report for the manager of Fernhill, considering All the options available to Fernhill. You should fully consider the relevant and irrelevant cost, and the relevant time frame appropriate to the cost. In reaching your recommendations, you should also consider other factors of a financial and non financial nature. You should also note what additional information you would have needed and what assumptions you had to make.

PART 2- Research assignment

Choose an organization of which you have some knowledge or which you are interested. Explain how management accounting can supply information to assist the management of the organization. The organization you choose should be the real one. You should not investigate and report on the organisation's actual management accounting system.

Posted Date: 2/22/2013 7:35:28 AM | Location : United States







Related Discussions:- Relevant and irrelevant cost, Assignment Help, Ask Question on Relevant and irrelevant cost, Get Answer, Expert's Help, Relevant and irrelevant cost Discussions

Write discussion on Relevant and irrelevant cost
Your posts are moderated
Related Questions
Q. Describe Historical cost and future costs? Historical cost and future costs: another problem in the determine of cost of the capital arise on the accounts of the difference

Functions of Treasurer:- (1) Cash Management: - It comprises the managing of cash receipts and cash payments of the business. (2) Banking Relations: - It comprises operating

(a) The BEQ is 200 customers per month, i.e. $3,000 / ($20 - $5) (b) The margin of safety is 300 customers, i.e. 500 - 200 (c) Graph (d) New break-even is 334 customers, i

where you deposit 1000dollars at the end of each year for 4 years, what will be the amount of deposits at the end of each year if it is compounded at 12% semi-annually?

Question 1 Cost of capital is the minimum rate of return required by a firm on its investment in order to provide the rate of return by its suppliers of capital. Explain the co

Q. Show Certificates of Deposits? Certificates of Deposits: Certificate of deposits is papers issued by banks acknowledging fixed deposits for a specified period of time. CPs i

Managerial Finance Functions Need skilful planning, control and execution of the financial activities. There are four significant managerial finance functions. These are as sho

Loans from the financial institutions: Financial institutions such as the commercial bank life insurance corporation, industries financial development corporation bank of the

What is the Ratio uses To compare results over a period of time To measure performance against other organisations To compare results with a target To compare against

Multicollinearity As the degree of correlation between the independent variables increases, the regression coefficients become less reliable. That is, although the independent