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

State the second element of capital budgeting decision, State the second el...

State the second element of capital budgeting decision The second element of capital budgeting decision is the analysis of risk and uncertainty. As the benefits from investment

Amortizing/non-amortizing assets, The asset that acts as a coll...

The asset that acts as a collateral for an asset-backed security can either be an amortizing or a non-amortizing asset. In an amortizing asset,

Compute the interest, (a) These are merely the differences of the two pric...

(a) These are merely the differences of the two prices. Consequently the mark to market losses are given by { Q 1 - Q 0 ,Q 2 - Q 0 ,Q 3 - Q 0 ,Q 4 - Q

NPV, Roxanne invested $560,000 in a new business 7 years ago. The business ...

Roxanne invested $560,000 in a new business 7 years ago. The business was expected to bring in $8,000 each month for the next 26 years (in excess of all costs). The annual cost of

Explain career counselling process, Q. Explain career counselling process? ...

Q. Explain career counselling process? The career counselling process should contain the following elements: a. The employee's should goals, aspirations and expectations wit

Push strategy, Push Strategy This is referred for marketing approa...

Push Strategy This is referred for marketing approach in which a manufacturer uses its sales force and trade promotions to sell a product actively to retailers and wholesa

Calculation of weighted average cost of capital, Calculation of weighted av...

Calculation of weighted average cost of capital (WACC) Market values Market value of equity = 5m × 4.50 = $22.5 million Market value of preference shares = 2.5m × .0762 =

Describe working capital decision, Q. Describe Working Capital Decision? ...

Q. Describe Working Capital Decision? Working Capital Decision: - It is anxious with the management of current assets. It is a significant function of financial management. Cur

State what is average cost, State what is Average cost Average cost rep...

State what is Average cost Average cost represents weighted average of the costs of each source of fundsemployed by enterprise, weights being the relative share of each source

What number of seats generates that maximum revenue, Q. In planning a resta...

Q. In planning a restaurant, it is estimated that a revenue of $6 per seat will be realized if the number of seats is at most 50. On the other hand, the revenue on each seat will d

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