|University||Trinity College Dublin (TCD)|
Utilizing a well-known company of your choice, prepare a report to address the following aspects of modern management accounting. Your report should display a degree of originality and depth beyond merely replicating information from the internet or common accounting texts.
a). The importance of relevant cashflows is central to the purpose of management accounting. Illustrate how relevant cashflows costs are classified and how understanding their behavior will assist the business in planning for the future.
b). Breakeven analysis is a key tool that a modern business may use; outline with the aid of worked examples of how breakeven analysis is useful to the business you have selected.
c). A discussion of the aims, objectives, and usefulness, etc. of standard costing and variance analysis. Your explanation must be supported by relevant worked examples.