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
Working and function of stock exchange

Determine about the call and put option A call/ put option provision allow both issuing company and investor to redeem the bonds at a specified amount before maturity date. Lon

What does it mean when we say that the correlation coefficient for two variables is -1? What does it mean if this value were zero? What does it mean if it were +1? Correlation

what business organization do you preffer ? service concern,trading concern or manufacturing concern

Assume Intel''s stock has an expected return of 26% and a volatility of 50%, while Coca-Cola''s has an expected return of 6% and volatility of 25%. If these two stocks were perfect

Following is the information furnished by a private port for investing Rs. 10 crore in a 20 Tonne Gantry Crane. The entire funding is from a loan carrying an interest of 11%. The l

define matching principle of working capital financing

Cost of Retained Earning: - It is on occasion argued that retained earnings carry no cost since a firm isn't required to pay dividend on retained earnings. Nevertheless this isn't

Tax-backed debt obligations are the debt instruments issued by counties, states, cities, towns, special districts and school districts. These are secured by some

How are translation gains and losses handled in a different way as per to the current rate method in comparison to the other three techniques, which is the current/noncurrent metho