INTRODUCTION

Accounting is one of the crucial aspects for an organisation like Tech UK which is operating in order to produce appropriate products and services during the period of time. The main aim of this module is to introduce all fundamental matters of management accounting which is applies to large parts of business environment as well as organisation. The primary responsibility of accountant is to explore different ways one can uses financial data to aid planning decisions and regulate follow of finance within internal as well as external department of an organisation at the same period of time. This project is all about discussing various types of accounting system and reporting methods uses in an organisation. Apart from this, use of various is costing methods to calculate net profit for the company. Merits and demerits of using several types of budgets are also discussed under this report. Comparison of management accounting can use to resolve financial issues are mentioned under this report (Amoako, 2013).