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(Management Accounting)how management accounting is integrated within organisation processes.




Planning:

Management accounting short term and long-term plans and implementation to achieve the particular goal of Amway Company.

When planning, management the accountant should use various techniques such as budgeting, standard costing, marginal costing and other to fixing targets to help Amway in future to control the cost, to achieve a particular level of profit. It is because the Amway products have an excellent reputation, so Amway should get a high level of profit.

 


Organizing:

Management accounting can help managers of Amway to provide reports and information to adjust the activity in the light of change conditions. For example, management accountant can provide sales report and production report of Amway product, so that managers in organization can decide whether to add or eliminate a product line in the current product.

 

Controlling:

Management accounting able to assist in the control function by producing performance reports and control reports, if which display discrepancy among expected and actual performances. The manager in the organization will usually investigate to determine what is going wrong and possibly, which employee or units might need help. So, these reports serve as a basis for taking necessary corrective action to control the operations of Amway.

 

Decision-making:

Management accounting should play an important role in the decision-making process. The management accounting can assist the management of Amway in formally structuring decision problems as well as placing the alternatives and their consequences in the form that will be easier for management to evaluate.

When developing and collection information for decision making the objective, the management accountant should involve qualitative information also in his report to help managers of Amway to complete their decision-making tasks.


Maintaining operational status:

The management accountant keeps a record of the functions that take place in the Amway. For example, it keeps a track of the work in progress and the stage of completion which the produced product of Amway is in. Further, it also helps in calculating and analyzing the cost of production altogether. And helps the managers in tackling those errors.

 


Performance rating:

The Management accountant in Amway can provide data on the inputs of employees from different departments and organizations. This data helps in analyzing the input rate and the resultant profit. Moreover, it helps in rewarding the deserving candidate.

 


Protection of Business Assets:

The management accounting will be responsible for the protection of Amway assets. The management accounting will pay attention to whether have enough funds are available for repairs, maintenance, and replacement of fixed assets so that the production ability of the Amway may not be badly affected. The management accounting also needs to ensure the assets of Amway are properly insured.

 


Provide good advice and strategy:

Management accounting also can provide useful information to departments of different functions for Amway. For example can supply necessary accounting information and suggestion for product price determination and pricing decisions and helps to make strategic decisions as seasonal or provisional suspension of production, make or replacement decision and expansion particular department.





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