Posted: May 9th, 2015

Managing Finance

Managing Finance

prepare a project that involves reporting on a specific organisation within an industry and the management accounting and finance practices that affect the value of the chosen firm or industry. This project should be a formal business report that provides both specific processes and strategies involving budgeting, costing, capital decision making, capital acquisition, and cost of capital structure of the chosen firm. These processes and strategies are to be supported with management accounting concepts. the tasks that need to be applied are:

Assess the budgeting process and procedures for the organisation with regards to preparation techniques, uses for evaluation, differences between business units/divisions, etc.
Analyse how the organisation collects, stores, and prepares management accounting information, particularly the use of a management accounting system (MAS) and how information is disseminated throughout the organisation.
Evaluate the costing process and procedures of the organisation with respect to method or approach utilised.
Assess the capital decision making process within the organisation with regards to what methods are utilised, how such methods are chosen, how projects are selected and managed, and what measures are employed to evaluate performance.
Evaluate the criteria or mechanisms used by the organisation for deciding how best to acquire capital and analyse the capital structure of the company.
In addition the outline that need to be followed are:
Brief description of company
Description of firm’s budgeting process
Management accounting information system
Costing process
Capital decisions
Capital acquisition and structure
Conclusion
At the end of the project you should also include a section on how and where you obtained the information sources as well as the methodology used to perform any analysis.