Write a report on the role of management accounting, either as a function, or in the context of the person – the management accountant. Your report must address the following:
• Discuss the role of management accounting in an organisation (make comparisons to financial accounting).
• Discuss the classification of costs by function (production, non-production); by type (direct, indirect); by behaviour (fixed, variable, stepped fixed). Provide examples and diagrams where necessary.
• Provide an analysis of the Just in Time inventory control system, making references to practical applications (where applicable).
• Discuss the objectives of budgeting.