The study is helpful to explore different management accounting system and reporting practice to identify the organisational issues and allocate the resources for running the organisation efficiently.

1. MANAGEMENT N WHITES
CLEANACCOUNTANT: A CASE STUDY OING
(CASE STUDY)
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2. MANAGEMENT
ACCOUNTANT: A
CASE STUDY ON
WHITES CLEANING

3. TASK 1: DEMONSTRATING AN
UNDERSTANDING OF MANAGEMENT
ACCOUNTING SYSTEM
⦿ Management accounting is the practice of utilising the
financial data of the company in developing effective
strategic planning for the organisational success.
⦿ The study is helpful to explore different management
accounting system and reporting practice to identify
the organisational issues and allocate the resources for
running the organisation efficiently.
⦿ The report is effective to understand the management
accounting system in the company Whites Cleaning in
order to evaluate the use of different account system
and reporting technique.

4. TYPES OF MANAGEMENT
ACCOUNTING SYSTEM
⦿There are different
management accounting
system which are,
⦿Job costing system
⦿Price optimisation
⦿Cost accounting system
⦿Inventory management
system

5. CONTINUED
⦿ Inventory management system focuses on specialising
the stock of goods in the company and it is effective
for managing supply chain network and managing the
production and stick of the materials and final goods.
⦿ Job costing technique is also effective to list down
the cost including fixed and variable cost during the
production of the organisational products so that it is
possible to manage costing.
⦿ Cost accounting system is also effective to record the
production activities and managing inventory in the
organisations like Whites Cleaning.
⦿ Price optimisation is also effective which helps the
firm like Whites Cleaning to set effective price and
retain the customers in the market.

6. MANAGEMENT ACCOUNTING
REPORTING
⦿ Management accounting report is
the process to monitor the
organisational performance over
different accounting period where
the income statement, budget are
effective for the organisation to
develop creative solutions for
achieving future organisational
success.
⦿ There are different types of
management accounting reporting
which are,
⦿ Inventory and manufacturing
⦿ Job cost reports
⦿ Account receivable aging reports
⦿ Budget reporting

7. CONTINUED
⦿ Budget reporting is beneficial to develop proper
budgetary plan and review the previous budget and
balance sheet to control cost and improve efficiency
of the organisation for achieving future success.
⦿ Inventory and manufacturing report is also effective
where the organisational financial information are
utilised to control the inventory and management
waste, hourly labour cost and per unit overhead cost.
⦿ Job cost report shows the cost and profitability of the
organisation in near future.
⦿ Accounts receivable report is also another way to
managing accounts report and identify the cash flows
and credits of the customers and other stakeholders
in the company.

8. BENEFITS OF MANAGEMENT
ACCOUNTING SYSTEMS
⦿The benefits of management accounting
system are,
⦿Creating effective decision for the firm
⦿Maintaining profitability
⦿Explaining financial consequences in making
decision
⦿Monitoring expenses
⦿Cost control
⦿Developing effective solution through
problem solving (Chiwamit, Modell and
Scapens, 2017)

9. BENEFITS OF MANAGEMENT
ACCOUNTING REPORTING
⦿The advantages of management accounting
reporting are,
⦿Managing time and cost of the organisational
functions
⦿Policy formulation
⦿Predicting future growth of the organisation
⦿Managing performance of the employees
⦿Developing innovative solutions (Chiwamit,
Modell and Scapens, 2017).

10. EVALUATING THE MANAGEMENT
ACCOUNTING SYSTEM IN WHITES CLEANING
⦿ Management and accounting system is
effective for the firm Whites Cleaning to
review the financial performance and
profitability of the firm over the accounting
year.
⦿ The management accounting system provides a
scope to Whites Cleaning to analyse the
existing issues and identify proper solutions in
order to enhance their performance and retain
more experienced staff in near future.
⦿ The accounting information is effective to
design and compel the past and present
performance of the organisation Whites
Cleaning, where the leader and the
management team develops the record,
reports and financial statement to resolve the
specific problems in the organisation (Hopper
and Bui, 2016).

11. REFERENCE LIST
⦿ Hopper, T. and Bui, B., 2016. Has management accounting research been
critical?. Management Accounting Research, 31, pp.10-30.
⦿ Anessi-Pessina, E., Barbera, C., Sicilia, M. and Steccolini, I., 2016. Public
sector budgeting: a European review of accounting and public
management journals. Accounting, Auditing & Accountability Journal.
⦿ Grossi, G., Reichard, C. and Ruggiero, P., 2016. Appropriateness and use
of performance information in the budgeting process: Some experiences
from German and Italian municipalities. Public Performance &
Management Review, 39(3), pp.581-606.
⦿ Henttu-Aho, T., 2016. Enabling characteristics of new budgeting practice
and the role of controller. Qualitative Research in Accounting &
Management.
⦿ Chiwamit, P., Modell, S. and Scapens, R.W., 2017. Regulation and
adaptation of management accounting innovations: The case of economic
value added in Thai state-owned enterprises. Management Accounting
Research, 37, pp.30-48.

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