Scenario-1

You are a Management Accountant for an enterprise in the manufacturing sector and, in an effort to promote understanding between different departments in the organization, you have been asked by your managing director to make a report on the role and function of the management accounts department, covering the management accounting systems operating in the organization as well as the range of techniques used. The report should cover the following:

1.Critically evaluate how management accounting systems and management accounting reporting are integrated within organizational processes. In doing this you need to (a) Explain management accounting and give the essential requirements of different types of management accounting systems. And (b) Explain different methods used for management accounting reporting.

2.Evaluate the benefits of management accounting systems and their application within an organizational context.

3.Critically evaluate how management accounting systems and management accounting reporting is integrated within organizational processes.

Scenario-2

As a newly qualified Management Accountant, you have been asked by your line manager to produce a report which analyses the organization's use of planning tools to ensure financial stability and performance as well as ways in which management accounting has played a key role in preventing and solving financial problems.

The management report should cover the following:

1.A. Evaluate how planning tools for accounting respond appropriately to solving financial problems to lead organizations to sustainable success. B. In order to do this, you need to analyze the use of different planning tools and their application for preparing and forecasting budgets and how management accounting can lead organizations to sustainable success

2.C. Explain the advantages and disadvantages of different types of planning tools used for budgetary control and D. compare how organizations are adapting management accounting systems to respond to financial problems

3.Evaluate how planning tools for accounting respond appropriately to solving financial problems to lead organizations to sustainable success.