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
Treasuries are the securities that theUS government issues for the completion of government projects. They are of different types like, treasury bills, treasury bon

Market Value Ratios Price-Earnings Ratio P/E ratio shows how much investors are willing to pay for earnings per share of the company. Market-to-Bo

You have just had your 30 th birthday. You have two children. One will go to college 12 years from now and require four yearly payments for college expenses of RM11,000, RM12,000

discuss the applicability of an operation cycle in a vegetation business

Q. Three-phase source voltages and phase sequence? The elementary three-phase, two-pole generator shown in Figure has three identical stator coils (aa, bb, and cc) of one or

Explain the risk–return relationship The relationship among the risk and required rate of return is termed as the risk–return relationship.  It is a positive relationship since t

A drug company has developed a new painkiller for chronic pains, although it is doubtful whether the new drug actually has any effect. The company conducts a double-blind experimen

Q. Determine Interest coverage ratio? Current interest coverage ratio = 7000/500 = 14 times Increased profit before interest and tax = 7000 × 1.12 = $7.84m Increased inte

Q. Basic Methods of Risk Management? Risk is inherent in business and hence there is no escape from the risk for a businessman. However, he may face this problem with greater c

ARROW as an FSA's risk based approach to regulation ARROW stands for Advanced, Risk-Responsive Operating Framework. In January 2000, FSA set out a proposed approach to regulati