review the management accounting techniques used to achieve the set goal

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Expert Solution

VARIOUS TOOLS USED IN THE MANAGEMENT A CCOUNTING MAY BE CLASSIFIED AS FOLLOWING

BASED ON FINANCILA ACCOUNTING IFORMATION

1.Analysis of Financial Statements through Ratio Analysis

2.Analysis of Financial Statements through comparative statements, trend, graph and diagram

3.Fund flow and cash flow analysis

BASED ON COST ACCOUNTING INFORMATION

1.Marginal costing (including cost volume profit analysis).

2. Direct or incremental Costing and differential costing.

3.Analysis of Cost Variances.

BASED ON MATHEMATICS

1.Operations Research

2.Linear Programming.

3.Queing theory and Games Theory.

4.Simulation Theory.

BASED ON FUTURE INFORMATION

1.Budget and Budgeting

2.Budgetary control: Analysis of Budget Variance / Revenue Variance

3.Project Appraisal or Evaluation

MISSCELLANEOUS TOOLS

1.Managerial Reporting

2.Integrated Auditing

3.Financial Planning

4.Management Information System

5.Decision making Accounting

ekkarill92 answered 1 year ago

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