ROLE OF MANAGEMENT ACCOUNTANT Managers in Annovim Plc have to understand since the early 1980s a number of ‘innovative’ management accounting techniques have been developed such as activity-based tech

ROLE OF MANAGEMENT ACCOUNTANT Managers in Annovim Plc have to understand since the early 1980s a number of ‘innovative’ management accounting techniques have been developed such as activity-based tech

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ROLE OF MANAGEMENT ACCOUNTANT

Managers in Annovim Plc have to understand since the early 1980s a number of ‘innovative’ management accounting techniques have been developed such as activity-based techniques (costing, budgeting, and management), strategic management accounting and the balanced scorecard. From the context of the assignment, each division is regarded as a profit centre, where the divisional managers of the three divisions i.e. candy bars, chews and other sweets will try to maximize profit in order to ensure that they obtain the minimum required profit margin to achieve their own goals of getting bonuses.

So, managers of these divisions either mark-up their prices or improvements in financial performance by sacrificing investments in the materials used, on-time delivery or tweaking with the product mix. The other way, they will try to minimize costs either through reducing the direct and