Managerial Accounting

ACCT102 MANAGEMENT ACCOUNTING

Heineken & SATA CommHealth

18 November, 2013 AY 2013/2014 Term 01 Prepared for: Dr. Jennifer Koh Prepared by: G8, Group 5 Julius Denarro Roberts Zheng Ming Junious Lim Yi Jun Lim Chee Yang Mohammad Hazwan Bin Mohammad Hanafiah Neo Wei Ler Tristan

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ACCT102 Management Accounting

G8, Group 5

Executive Summary Introduction of Beer Business Costing Technique Chosen

PROCESS COSTING

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Assumptions Processes of Manufacturing Beer

DEPARTMENT ONE: STAGE 1 - MIXING DEPARTMENT ONE: STAGE 2 - BREWING DEPARTMENT TWO: PACKAGING

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Process Costing

DETERMINING FIGURES CALCULATING COST PER EU

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Cost Reconciliation Recommendations

CAPPING & LABELLING BOTTLES & UTILITIES TRANSPORTATION

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Introduction of Outpatient Business Costing Technique Chosen

ACTIVITY BASED COSTING (ABC) JUSTIFICATION

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Assumptions List of Activities and Cost Drivers Traditional Costing

COMPARE AND CONTRAST WITH ABC UNDER ABC METHOD UNDER TRADITIONAL COSTING METHOD

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Recommendations Conclusion Learning Points Reflections Bibliography Appendix 1 (Heineken) Appendix 2 (SATA CommHealth)

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ACCT102 Management Accounting

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G8, Group 5

EXECUTIVE SUMMARY

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Our project aims to apply costs concepts in the beer manufacturing and hospital service industry. The companies we will be using for our case studies will be Heineken and SATA CommHealth. We will seek to identify the most suitable cost concept for each industry to allow for better internal decision making purposes. Various costing methods, namely, Activity-Based Costing and Process Costing, will be used to analyse the business models of these companies in the aforementioned industries. Following from our analysis and diagnosis of each company, we will recommend strategies to boost the profitability for each business as well as seek to identify areas where the...