(Done Paper) Referencing Styles : Harvard Differences between management accounting and financial accounting. Break even chart. Analytical discussion on break

Referencing Styles : Harvard Differences between management accounting and financial accounting. Break even chart. Analytical discussion on break even chart. (Marks:15) Six operation budgets provided and importance discussed. 5×6 (Marks:30) Variance analysis: • Material variances • Labour variances (Marks:4) • Variable overhead variances (Marks:4) • Sales variances (Marks:4) • Analytical discussion on the importance of each variance. Management Accountants are more involved in financial planni … View More Differences between management accounting and financial accounting. Break even chart. Analytical discussion on break even chart. (Marks:15) Six operation budgets provided and importance discussed. 5×6 (Marks:30) Variance analysis: • Material variances • Labour variances (Marks:4) • Variable overhead variances (Marks:4) • Sales variances (Marks:4) • Analytical discussion on the importance of each variance. Management Accountants are more involved in financial planning rather than historical accounting. You are required to: 1. Analytically discuss how management accounting varies from financial accounting. 2. Analytically discuss the importance of break-even analysis with the help of a break-even chart. 3. Evaluate the importance of any six operational budgets for a limited company. 4. Discuss analytically the importance of variance analysis as a cost controlling and decision making tool. Read Less