You are a junior management accountant for a medium-sized enterprise in the manufacturing sector called Synergy Manufacturing Co. Ltd. You are one of the graduate management trainees that the company has recruited. As part of your probation your line manager has asked to carry out some activities to demonstrate your understanding of management accounting systems and practices. You line manager has asked you to prepare a formal report on the role and function of the management accounts department, covering the management accounting systems operating in the organisation as well as the range of methods and techniques used to report management accounting. You are also asked to demonstrate your ability to apply management accounting techniques and carry out calculations. Your formal report should include the following:

Required:

A critical evaluation of how Management Accounting systems and Management Accounting reporting are integrated within the organisational processes of your enterprise.

An evaluation of the benefits of the Management Accounting systems and their application within an organisational context.