Management Accounting Assignment Example | Topics and Well Written Essays - 1500 words

Management Accounting - Assignment ExampleEconomists and accountants imply that two divers(prenominal) palm in terms of cost and variance analysis. Therefore, when economists describe cost through variance analysis and measuring costing, they include the sacrifice of opportunities and important choices. From an accountants perception, standard costing and traditional budgeting are prospective, subjective, and now and again costs-evaded. The following paper will look into the alleged advantages, and demerits of standard costing, variance analysis and traditional budgeting in management accounting (Callahan, Stetz, andBrooks, 2011, p. 199).Certain criticisms of traditional budgeting arise from the descriptions of the significant terminologies used by economists and accountants in the brass and organizations (Emmanuel, Kominis and Slapnicar, 2008, p. 2). Time management is the establishment of interceding variables that improve the perception of time. A budget is an estimated total cost or income for an operation or activity covering a fall inicular period. This way, accounting managers are able to tranquility pressure on their behaviors and perceive pull wires over time and operations assumed significant in variance analysis (Emmanuel, Kominis and Slapnicar, 2008, p. 3). A budget can also be an arrangement for the management and control of assets and expenses. Motivation in variance analysis involves control through a set of processes, instruments, performance measures that organizations or governments deploy to lead and inspire all workers to accomplish set goals (Callahan, Stetz, andBrooks, 2011, p. 199). Human relations association forms part of the base for motivation in accounting to enhance an easy repetitive assignment involving financial recompense of all transactions in an organization (Eker, 2007, p. 105). Performance evaluation is the valuable control of the chief tasks from diverse units. These units are normally situated at the very end of th e production procedure