Management Accounting and Management Accounting Systems

Introduction

In the competitive business environment organisation needs to make the right decision for the organisation to get the competitive advantages. Managerial accounting gives the important and relevant business information to the organisation so that they can make the right financial decision. Managerial accounting helps organisation to formulate the business strategy and prepare the budget for the organisation (Copeland, 2000).

On the other hand financial accounting helps organisation to keep the data, record the information for future use. Financial accounting provide financial information and management accounting analyse the financial information to make the right decision.

In response to budget retargeting, both organizations have perception on different basis. If comparing with previous year, it is seen that organizational expenditures is …

Read More »

Acquisition of Body Shop by L’Oreal

Factors L’Oreal would have considered before deciding to acquire Body Shop

Acquisition is the process of buying the share of any company fully or partly to get the control over that company to make business expansion. In that case, L’oreal acquire Body Shop it was facing controversies regarding the company reputation by L’Oreal and they realized that acquiring Body Shop will be an added advantage to overcome the reputation that was happened due to unethical business practice. Therefore, acquiring Body Shop will create a positive market image that they are going to follow the policies of Body Shop those are not unethical.

Acquisition of Body Shop by L’Oreal

The following points are the core factors that L’Oreal would have considered before acquiring Body Shop:

Buying Out

Read More »

Role of Government in Law Making

Role of Government in Law Making

Business world is very challenging and complicated. So to stay with full preparation and maintain a business properly it is important to learn about business law. As a responsible citizen of any independent country knowing about law and regulations are the duties of people. The paper is focused on the discussion about role of government in law making to understand the business law in a easy way with examples.

Government and parliamentary structures are the different branches of government which plays important roles in the making of laws:

Stage one – Ruling party provides vision, goals and direction

At the time of major conferences policies are made by the ruling party based on the …

Read More »

Different Sources of Business Law

Different Sources of Business Law

Business world is very challenging and complicated. So to stay with full preparation and maintain a business properly it is important to learn about business law. As a responsible citizen of any independent country knowing about law and regulations are the duties of people. If the citizens know about law properly there less crime will take place (Abbott, Pendlebury and Wardman, 2013). The study is very beneficial to learn and understand the sources of business law in a easy way with examples.

To demonstrate the different sources of business law

There are basically six sources of business law commonly found. They are:

Case or Common law: Case or common law is originated from England. It refers to the laws which are made as …

Read More »

Investment Appraisal Techniques for Capital Investment Decisions

Investment Appraisal Techniques are used in making Capital Investment Decisions

Introduction

Investment appraisal techniques are reliable sources of techniques for taking investment decision.  George Manly Plc is the organization of House Building Firms. This report will focus on the investment appraisal techniques used by George Manly Plc for decision making purpose of investment. Therefore, as a Senior Management Accountant of this firm, I will present this report to the Board of Directors regarding the investment appraisal techniques that will be used for talking investment decision in building house of 100 numbers by George Manly Plc in development site for the next four years. As a Senior Management Accountant of this firm, I would like to mention that there are different …

Read More »