Management Accounting
Explain the essential requirements and their benefits for management accounting system to function efficiently.
Discuss how management accounting systems and its report help support an organisation like Lets Grow Ltd in making decisions.
Prepare a cash budget for the coming six months ending in August 2020.
Analyse the use of cash budgets and its application for preparing and forecasting the financial position of an organisation like Lets Grow Ltd.
Discuss how Lets Grow Ltd can adapt its management accounting system to be deal with financial problems.
Provide a critically evaluation of the financial position of Lets Grow Ltd based on the forecasted cash budget prepared by you.