Question 1.Define management accounting and discuss the role of a management accountant in an organisation (role include Long-term and Short-Term Planning, control, decision making, Developing Management and Information, Maintaining capital structure.

Question 2. Demonstrate in detail the scope of the role of management accounting and the part it plays within each function of the business (include Financial Accounting, Cost Accounting, Budgeting And Forecasting, Inventory Control, Interpretation Of Data, Reporting To Management, Internal Audit And Tax Accounting.

Question 3. Examine the key differences between a management accountant and financial accountant whilst at the same time exploring any areas where the two disciplines may overlap.

Question 4.Examine the different types of cost reports that are produced in management accounting, highlighting the differences between each type of cost reporting and evaluating the benefits of each report.

Explore other types of reports that may be produced by management accountants and evaluate the benefits to a business of these different types of report, including adding value to the organisation and how these feed into the achievement of organisational objectives.

Please include in your discussion:

Job costing (discussion include benefit)

Batch Costing (discussion include benefit)

Inventory Costing (make sure you discuss methods to reduce cost of stock and benefit)

Activity based costing (make sure this includes direct, indirect, fixed and semi variable costing and benefits)

Question 5. Provide a written explanation as to why break-even analysis is important to the organisation.

Question 6. . Provide a written explanation Why net profit calculation is important to role of the management accountant and how this calculation is used within the organisation to drive other organisational objectives. For example, investment decisions.