This is my research Topic – management accounting within St

This is my research Topic – management accounting within Starbucks… This is my research    Topic – management accounting within StarbucksBy reading it continue and make the edition and expand this proposal by adding  (350) estimated word Literature ReviewIn this proposal, you will learn about how managers manage the company, especially using some techniques. And the real-world sample will be provided to lead you to understand with clear instructions. This research will also allow you to well-known managerial accounting in most businesses, and let’s provide an example of managerial accounting used by managers within Starbucks Corporation; as for the Starbucks, it obtained many benefits just by using the business management accounting such as it assists to prevent the source of risk and crises to minimize the loss. For instance, in 2019, there was covid 19 pandemic across the world and many businesses were bankrupted just because of locking down and they have not been well managed. However, Starbucks has utilized management accounting strategies for years, thus, even the pandemic crisis did not influence the company to bankruptcy. Obviously, this proved that management accounting is important. On one hand, Starbucks uses the activity-based costing (ABC) method to manage its operations, which is also known as the managerial accounting system. It is a technique for allocating overhead and indirect costs to products and services, in particular, salaries and utilities. Moreover, the cost accounting system of the ABC technique is contingent on activities, which are defined as any event, unit of work, or job that has a clear aim. Starbucks uses activity-based costing (ABC) to allocate the firm’s overhead activities costs to the specific products and services that it produces and delivers (Accounting,F. March4,2019). To illustrate, increasing the quantity of cost pool- ABC strategies aid to identify activities that are performed by firm resources which provide profit. In contrast to the previous method, ABC allocates overheads and indirect costs less arbitrarily and concentrates on the real link between costs, overhead activities, and associated products/ services offered by Starbucks. On top of that, Starbucks can control its costs as well as its activities and services, which could mean that is loses less money and has things under control. To conclude, having the strategies of management accounting is beneficial to the organization, even though it is hit by unexpected crises, there are fewer losses compared to a non- strategic organization.Accounting Business Managerial Accounting BUS MISC

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