managing accounting system for fast food industry

 management accounting system pertaining to fast food sector Essay

Name: Hafizah Binti Dun

Matric No: 816542

Subject: BKBM5013 Management Accounting for Managers – Task 1 (26th Sept 2014)

(1) The manager from the local take out outlet may need management accounting information like the following: a. Sales or perhaps revenue and collection for every single items marketed daily. b. Daily working expenses altogether.

c. The number of customer appui at the wall socket per hour or daily. deb. The stocks, raw materials and ingredients is sufficient to prepare the foodstuff e. The quality of the food offered.

f. The length of time for customers is waiting to have their particular food becoming served or perhaps picked-up. g. The raw materials and foods prepared becoming wasted or scrapped. h. Personnel or staff attendance and tardiness.

i. The ingredients or recycleables needs to be renew, ordered and stock-up. l. The number of problems from disgruntles customers.

The above information is much needed to be available daily to get a smooth operation of the wall socket and to recognise any problems that need instant remedies or perhaps action. (2) The regional manager who have supervises of all retail outlets within a three-state place will need a summarised or report of every outlet by simply weekly or perhaps monthly. Such report contains: a. The income assertion that reveals the income, cost of very good sold, working expenses, which usually generates the net income or lack of each wall socket. b. The number of customer served, average earnings per customer and mix of product bought. c. The complete environment of every outlet just like the level of cleanliness, quality in the food dished up and response time of assistance. d. Review will be allocated randomly to find customers opinions on food and providers rendered.

(3) The CEO from the company's corporate workplace will wants a summaries or reports on every week, monthly, quarterly and every year on a consolidated financial efficiency from just about every outlet. The CEO may want to see the economical measures including total profitability and revenue (ROI).

The COO can...


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