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As the management accountant of a business organisation of your choose, you are required to write an academic report to the board of directors detailing the following tasks: 1) compare and contrast the concept of management accounting and financial accounting. 2) Appraise the need for classifying costs, on the basis of types, behaviour, functions, and relevance. 3) Provide 7 examples for operational budgets and analytically discuss the benefits of preparing such budgets. 4) Analyse the use of standard costing, as a decision making tool. REPORT STRUCTURE MUST CONSIST OF INTRODUCTION, MAIN BODY ( to include analytical answers to the above questions, supported with examples, graphs, and charts).
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