Relevant and irrelevant cost, Financial Management

Assignment Help:

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.


Related Discussions:- Relevant and irrelevant cost

Define the term corporate and financial relations, Question: (a) Define...

Question: (a) Define the term "corporate and financial relations" and clearly state its components. (b) By using one example, identify the steps required to establishing cor

Calculate the changes in the margin account, Suppose today's settlement pri...

Suppose today's settlement price on a CME DM futures contract is $0.6080/DM. You comprise a short position in one contract. Your margin account at present has a balance of $1,700.

State the term- adequate working capital, State the term- adequate working ...

State the term- adequate working capital If a firm doesn't have adequate working capital, that is, it doesn't invest sufficient funds in current assets, it can become illiquid

Players in primary market, PLAYERS IN THE PRIMARY MARKET Some important...

PLAYERS IN THE PRIMARY MARKET Some important players in the primary market are: Merchant Bankers When a company approaches the public for funds, merchant bankers manage

Time Value of Money, Two years ago, Randburg Ltd needed to accumulate a tot...

Two years ago, Randburg Ltd needed to accumulate a total of R250000 by the end of 5 years to acquire new imported machinery. To do so Randburg Ltd makes quarterly-annual deposits i

Treasury auction process, All treasury securities are issued on the b...

All treasury securities are issued on the basis of auction. The auction process is computerized and hence qualified broker-dealers can access it electronically. T

Discuss how a firm can maintain adequate working capital, Question 1 An...

Question 1 Analyse the financial requirements of a FMCG company 2 If you are an investor and are interested in finding out the value of an amount of Rs 10,000 to be received

Determine the circumstances is a warrant’s value high, Under what circumsta...

Under what circumstances is a warrant’s value high?  Explain. A warrant’s value would be high while the stock prices, time to expiration, and/or expected stock price volatility a

Activity-based budgeting - abb, It is a method of budgeting in which the ac...

It is a method of budgeting in which the actions that incur costs in every functional area of a company are recorded and their relationships are defined and evaluated. Activities a

Discuss risk from perspective of capital asset pricing model, Discuss risk ...

Discuss risk from the perspective of the Capital Asset Pricing Model (CAPM). The Capital Asset Pricing Model or CAPM be able to be used to compute the appropriate required rate

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd