The assignment is in the form of a two-part individual business report: Part 1 A. Explain management accounting and give the essential requirements of different types of management accounting systems. B. Explain different methods used for management accounting reporting. C. Evaluate the benefits of management accounting systems and their application within an organisational context. D. Critically evaluate how management accounting systems and management accounting reporting is integrated within organisational processes. Part 2 Analyse three planning tools (such as benchmarking, activity based costing, cash flow budgeting, discounted cash flow methods, breakeven analysis) used in management accounting, indicating how effective you judge each to be and why. Your judgements should be supported by evidence.
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