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Management Accounting > Presenting information > Flashcards

Presenting information Flashcards

1
Q

Management accountant = information manager

A
  • Collection
  • Analysis
  • Interpretations
  • Communication to management
  • Presentation
  • Dissemination
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2
Q

ROUTINE vs. SPECIAL REPORT

A

ROUTINE - produced on regular intervals

SPECIAL - “one-off” planning and decision-making purposes, particular issue

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3
Q

WHY DO WE USE REPORTS

A
  1. Assisting management
  2. Permanent record and source of reference
  3. Convey information to interested parties
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4
Q

PURPOSE OF REPORTS

A
  1. CONTROL ACTION - preventing repeating of behavior that happened in past
  2. PLANNIN DECISION - advise on certain action, recommendations
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5
Q

MAIN TYPES OF REPORT

A
  1. Short formal (less complex, lower-lever information)
  2. Long formal (middle management is reporting to senior management)
  3. Memorandum (report situations within the organization - flexible, informal report)
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6
Q

TABLES

A

Matrix of information in rows and columns, which have titles.

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7
Q

2nd STATISTICS

A
  • Supplementary to primary
  • Clarify / amplify the main pieces of into
  • for example - % of absolute value
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8
Q

BAR CHART

A
  • Quantities are shown in the form of bars
  • Length of bars in proportional to corresponding info
  • The layout depends on - intention and audience
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9
Q

BAR CHART TYPES

A
  1. Simple
  2. Component (percentage)
  3. Multiple (complementary)
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10
Q

SIMPLE BAR CHART

A
  • Length of bar indicates magnitude of corresponding info

PROs

  • Showing actual magnitude
  • Compare magnitudes
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11
Q

COMPONENT BAR CHART

A

Gives breakdown of each total into component.

PROs

  • Total change
  • Components, structure of total variable
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12
Q

PERCENTAGE COMPONENT BAR CHART

A

Total magnitudes are not shown, only components vary throughout observed period.

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13
Q

MULTIPLE BAR CHART

A

Two or more separate bars are used to present subdivision of info.

Present similar info to component bar chart.

CONs

  • No grand total

PROs

  • Clear comparative magnitudes
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14
Q

PIEE CHART

A

PROs

  • Simple display
  • Clearly show different value of elements

CONs

  • No absolute values, only relative sizes of elements
  • Calculating degrees
  • Difficult to compare sector sizes
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15
Q

SCATTER DIAGRAM

A

Exhibition of data

Comparing how two variables very with each other

No time component

Y - odvisna, navpična

X - neodvisna, vodoravna

Y=a+bX

a - intercept (when X=0)

b- gradient

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16
Q

LINE GRAPH

A

Visualising relationship between variables.

Management Accounting (5 decks)

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