MN7061 Accounting for Accountability and Decision Making Assignment Example

Published: 26 Nov, 2024
Category Assignment Subject Accounting
University UNIVERSITY OF LEICESTER Module Title MN7061 Accounting for accountability and decision-making
Assessment Type:  Individual coursework   
Word Count: 2000 Words

Overview

This module focuses on the analysis of profit statements through various costing methods, particularly absorption costing and marginal costing. Students will explore how absorption costing allocates overheads to future periods, increasing profitability when output exceeds sales. In contrast, marginal costing highlights how delayed expenses affect profitability when sales exceed production. The module provides insights into the factors influencing profit differences over time, helping students understand the impact of different costing methods on financial decision-making.

Table of Contents

Question 01 
1) Profit statement for Wood Company for the year ended 2021 and 2022 under Absorption costing 
2) Profit statement for Wood Company for the year ended 2021 and 2022 under Marginal costing
3) Reconciliation of profits for both years
4) Explain the possible reasons for the difference in profits

Question 2: Discuss the sustainability accounting practices of energy company HSBC Holdings Plc 4

Reference 

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