managerial accounting final report

7/29/2019 Managerial Accounting Final Report

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M A N A G EM A N A G EM A N A G EM A N A G E

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R I A L A C C O U N T I N G S E C T I O NR I A L A C C O U N T I N G S E C T I O NR I A L A C C O U N T I N G S E C T I O NR I A L A C C O U N T I N G S E C T I O N

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= p = m= N= N= J = j= j= J= M= M=

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M a n a g e r i a l A c c o u n t i n g S e c t i o n C

F i n a l R e p o r t S u b m i s s i o n

Acknowledgement

c= = ~I= = = = ~= ^= ^~= ~= = = ==

Mr. Muhammad Faisal MajidI==~=======~=I=~==

=~====~==~==~==K=

qI====~==~==English Biscuit Manufacturers (EBM)==J

=====~=~====~=~=====~~=

K=

i~====~I==~==~=~==~=~=~=~===

====~==~~======~~=~==I=

~=====~===~I===~====K=

q~==


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Executive Summary

f==I==~===~~====b=

_=j~~K=t=~=~===I=~~I=~=I=

~~=~===K==

A b o u t t h e c o m p a n yA b o u t t h e c o m p a n yA b o u t t h e c o m p a n yA b o u t t h e c o m p a n y

m~= = Coronet Food Company Limited= = = = = ~= = = ~=

~~=K=English Biscuit Manufacturers (Private) Limited=~=~=~=~=

==~==NVSR===~==PEEK FREANS PAKISTAN LIMITEDK=f=NVSS=

=rh==~=~=~=~= Associated Biscuits International Limited (ABIL)I=

= = = ~= ~= = English Biscuit Manufacturers (Private) LimitedI= =

~==~K=b_j=~=~~=~=~===~=m=c~=

~==NVST=====m~~====~I=~I=J

I= = ~= ~= ~= K=^= = = = ~~= =

~~==m~~I=b_j===~===~=~====~=?food between meals?=~=~=~=~=K==

q=`~===~===~=~===~=~=~=

==55%===~==~K=b_j=~~==D=~=~=

==~=~====~=m=c~=m=m=K=m=c~=

~= ~= = = = = = = = ~~= ~~= pJ

~=~K=

c==~==~I=b_j==~=======

~~= ~~= = ~= ~= = = = = ~= ~= K==

b===b_j=======~=~==J==

=======~=~==Dm=c~D=~=~=~==


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~~====b_j=~======D=~~J

K=b_j=~====~=~=========J

=~====~==tqlK=

b_j=====~==m~~==~=~==~~=

~=~==~=I=~=~~==~=J

~==~~==~=fpl=VMMNWOMMMI=fpl=NQMMNWOMMQI=fpl=OOMMM=~J

=~=ffm=Ef==mF=oK=b_j==~====~==~=

= ~~= = b~= b= ^~= = = ~= = = ~I=

=OMMQK=b_j=~=~========~==m~~==

~===fpl=OTMMNWOMMR=~=~==f~=p=j~J

~=pK=

b_j= ~= ~= = ~= = = d== = = = = ?Highest Tax

Payers?==~~===PKR 1.3 billion===~~=====

=~=~=K=

q=`~===~=====OISMM==~==

=~==h~~=~=e~~I====~= 40% of the work-force are

women.

b_jD=~====~=`~=`~=`Kb_jD=~====~=`~=`~=`Kb_jD=~====~=`~=`~=`Kb_jD=~====~=`~=`~=`K=

q~===~====~=~==~=~===J

~K=b_j=~=====~=~=~===k~J~=`po=^~K=

q= =~= ~== ~~= =~= ~= ==J

~==?Trust and Confidence?===~=~==~=== =

===~=K=f=~===~==~==~=


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ii vvR e p o r t o n E n g l i s h B i s c u i t s M a n u f a c t u r e r s

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b_j=~=~===~=~==m~~===~==

==~=~==~===~=======~=~J=

~======K=

q===~=~==DThe Legend LeadsDI=b_j=~======

m~~= = = QR= ~= = =~=~= = ~= K=q= ~=

~=m=m=~==~=~=QM=~=~I====~===~I==

~=======~=~==~===~~J

===~K=m=c=~=~=~=~I=b_j=~J

~= ~= ~= = = = = ~= = ?m= c~?K= Dm= c~D= = ~=

=~I=~======~====~==

=~K=

q=m=c~=m=m=~====~=====~=J

=======~=~K=q=~==?I=J

=~=?==K=m=c~==~===

m~~=~=~~====~=~=~K=l==~=~==

~=~==m=c~====~==~==~=

=~==K=p====~=~=~===m=c~=

~==~=~==~=pI=oI=m~I=m~=mI=m~=m~I=c~=

e=`I=dI=t=t~=pI=`~=C=i=p~==~==

~=K=

^=~=~=m=c~=~==~=~===~===

==~K=_====I===I=b_j===~===~K=

j===~=~==~==? firsts?====~==~=~J

=====K=


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o=a=m=c~=~=====~==

~~=J~==~==pI=`I=d=~==~==~=c~=

e= `K= `I= b_j= ~= ~= = = = ~= = =

~=~K=f=======~I=b_j=~==OMMP==J

==~===~=~==~=~=~===~J

~=====V==~JJJ~=~=~=~===

PKR 2.6 billionK=

OOOO U R E M P H A S I SU R E M P H A S I SU R E M P H A S I SU R E M P H A S I S

l=~===~=treasuryI=budget=~=costingI=accounts and taxation=~=~====~==corporate affairsK=

=

=

=

=

=

=

=

=

=


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T a b l e o f T a b l e o f T a b l e o f T a b l e o f C o n t e n t sC o n t e n t sC o n t e n t sC o n t e n t s

^==~=KKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK==

l=~=KKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK==

`ljm^kvp=_ofbc=efpqlov=KKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKN=

q~=~=KKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKO=

= `~=KKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK=NN=

q~~=KKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK=NP=

t~=~=KKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK=NQ =

fk=^=krqpebii=KKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK=NS=

=

= =


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Introduction

C O M P A N Y S B R I E F H I S T O R YC O M P A N Y S B R I E F H I S T O R YC O M P A N Y S B R I E F H I S T O R YC O M P A N Y S B R I E F H I S T O R Y

English Biscuit Manufacturers (Private) Limited=~=~=~=~===J

~==NVSR===~==PEEK FREANS PAKISTAN LIMITEDK=

f=NVSS==rh==~=~=~=~= Associated Biscuits International Lim-

ited (ABIL)I====~=~= =English Biscuit Manufacturers (Private) Lim-

itedI==~==~K=

b_j=~======m~~===40 years===~=

~= = ~= K= f= ~= ~~= ~= ~= = ~==

Peek Freans= ~= = = = = m~~= = = = ~I= ~I==

I=~==~=~=~=K==

q=~=~==m=m=~==~=~=PR=~=~====~=

~= = = Dtrust & confidenceD= = = ~= = = = = ~= ~I= '

The Legend Leads' K=

t=====~==~==b_j=~==~=

==~=~==m~~===~====~=~=

=~===~=======~=~J=~====

==K=

=

=

=


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Description of departments

t==~==~==treasury, budgeting, accounts and taxationK=

TTTT r e a s u r yr e a s u r yr e a s u r yr e a s u r y d e p a r t m e n td e p a r t m e n td e p a r t m e n td e p a r t m e n t

q= ~== = ~=~===~~= = =~= =

=~I=== ~== = = === = =~~J

K=

q==~=W=

o=~~I=~= o~===

=====~==~=~======~===

=K=

A v a i l a b i l i t y o f f u n d s A v a i l a b i l i t y o f f u n d s A v a i l a b i l i t y o f f u n d s A v a i l a b i l i t y o f f u n d s q=~===~=~===~~~==I===

=~=~~I===~==~==~=~==

=~=I===~~=~===~====~=~=

~=~=~=~=~I=~===~=~===I===J

==~==~==~=~=~=~=K=

jK=e~~==~=~==~==~~==~=~==

=~=NVVUI===~===~==~I=~=~===~=

==~=~~==~I==~===J~=


10/26

R e p o r t o n____________________________________________________________

=

_____________________________________________________________________

M a n a g

~= = ~= I= = = = = = = = = = =

=~K=

f===~~= = = = = = = = = =

=~= ~~= =

_~= = m~~= = = = = = = = = = = =

~=~==~= = = = = =

Inventory purcho~=~ = = = = = = = = = =

= ~

K= j~ =

=fcc=~=d = = = = = =

I=~=~=

==

==~

E n g l i s h B i s c u i t s M a n u f a c t u r______________________________________________________________________________

______________________________________________________________________________

e r i a l A c c o u n t i n g S e c t i o n C

= = = = ~= ~= = = = = = = = =

= = = = ===I===~= = =

= = = = ~= = = = = ~I= = = =

= = = = = = ~= = ~= = = = = =

= = = = =====~K=

ases

= = =~===~==~= = =

= X= ~= ~~= = ~= ~= =

= = ~= ~ = = = = = =

= = = ~X= = ~= ~~= ==

= = = K=m~~=~~=== = = = =

= = =~====X== = = =

= = =~=~K=

33e r s

____________________________________

_____________________________________

= = = = = = = = = = = = = =

= = = = = = = = = = =~=~=~J

==p~=

= = = = = = = = = =====

=

= = = = = = = = =~===~J

= = = = = = = ~= =

= = = = = = ~= =

= = = = = = = = =I=I=~I=

==~=~=

= = = = = = ==I=


11/26


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=

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l======~X======bom=

= = MNR (Material Receiving Note)= ~= = = =

==

MCN (Material Consumption Note)K=

General itemsf== ~~I= = ~I= = ==

= ~I= ~~= ~= = = = ~K= q= ~= =

~==~=====~=~==~=

=K=a~===~====~===~====ERP system (Inventory and Procurement Management)

b_j=~==~=~=~~==~=~=

= = = = = = = f= ~= m=

~~=

b~=~~=~=~=~=~===X=

=~=~=~=~=====~K=

F o r e c a s t i ng a s p e c t F o r e c a s t i n g a s p e c t F o r e c a s t i ng a s p e c t F o r e c a s t i n g a s p e c t q=~======~==W=

=~=~==~~I== ==~== ~===~== Application of Safety Stock

p= = ~= = cfcl= = = = ~~I= =

~= = = = = ~= ~= = = = = =

~I= ~= = = = = ~= ~~= = = K= f= J


12/26

R e p o r t o n____________________________________________________________

=

_____________________________________________________________________

M a n a g

== = = = = = = = = =

= ~= ~ = = = = = = = = =

= = ~= ~ = =

j~= m = = =

== =

K=

Safety Stock Ap

^=b = = = =

= ~= = = = = = = = = = = = =VMMMM= ~ = = = = = = = =

~==~ = = = = = = =

~== = = = = = = = =

=~== =

q= = = = = = = = = = = =

~==~

M a r k e t s h a r e M a r k e t s h a r e M a r k e t s h a r e M a r k e t s h a r e f=~== = = = =

~=~===~


______________________________________________________________________________


= = =~==~===~=~~ = =

= = I= = = = = = = = =

= = = = = ~= ~= = =

= = = = = ~= = = = = = =

= = K= i= = = ~= ~~ = =

lication in EBM (FGS

= j===~== = = = =

= = = = == = K= cdp= = ~= ~= ~ = == = ~= = = ~~= NRMMM= ~ = =

= = =~==NRMMM=== =

==~=~==== =

= = = =K=

= ==~=~==cdp==~== = =

= = K=

= = = =I=b=_=j~~

X====~~===

RRBOMB

SB

VB

j ~ = p ~ j ~ = p ~ j ~ = p ~ j ~ = p ~

b_j

h

`~=_

f~=f=E_F

55e r s

____________________________________

_____________________________________

= = = = = = = = = K=t===

= = = = = = = = = = = = = =

= = ~= =

= = = = = ~= ~=

= = = = = = = =

= ====~=

= = = = = = = = = = = = = ~~= == = = = = = = = ~= ~= J

= = = = = = = = K=^=~==

= = = = = = = ==~===

= = = = = = = = = ====

= = = = = = = ===~=

= = = = = = K=

=

=


13/26


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=

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E B M s E B M s E B M s E B M s o f f e r i n g s o f f e r i n g s o f f e r i n g s o f f e r i n g s

l== ~= ~= = ~=~= I= m~= c~= = J

~=====~==~~I====~=~I=~JJJ~==~=~=c=p~=pK=

Plain Sweet Biscuitsd=

j~= p= t=t~=p=

Nutsm~=m=

m~=m~= Cream Biscuits

`=s~~=p~=

`~=p~= i=p~= o=a=q~=`~Ls~~= o=a=q~=p~Ls~~= o=s~~=

Crackers_=m=

j~= p~=


14/26

R e p o r t o n____________________________________________________________

=

_____________________________________________________________________

M a n a g

=

Proper planningt= = = = = = = = = = = =

= ~~= = = =

~~== =

~= ~= = = = = = = = = = = =

=~

Monitoring of cq=~= = =

== = = = = = =

r~ = s~~ = = = = = = c = = = = r = =

OM

PQB

b _ = =b _ = =b _ = =b _ = =


______________________________________________________________________________


and setting of standards

= =~==~=~==I== = = =

= = = ~~= ~= = = = ~= = = = =

= =~~==I=~=~= = = = = =

= ~= I= ~= = ~= = = = =

= ~K=

st effects

= = ~=~==~=~=== = = = =

= = =~X==~===W

=~JL=~=

=====~=~~=

~====(mostly US

~==~=

RB

OMB

QB

SB

UB

NBOB

B

D = m = j D = m = j D = m = j D = m = j

o =

m

_ =

d

m =

j

j

lp

77e r s

____________________________________

_____________________________________

=

= = = = = = = = = ===J

= = = = = = ~= =

= = = = I=~===~=

= = = = = = = =~= ~=

= = = = = ==~=~=

= = = = = = = = =

on PKR

=s~

=m

~=m

~

~


15/26


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cL~=== f~==== =_=====

q= ~= = = = ~= = = = = = =

L~=~=~=~===~~I===~==

= ~= ~= = = = = = = = ~= ~= =

==K=

Employees benefitsb=~====~~=~====

~I=~~===~=~K=^~==~I==~==

~=~=~=~=~=~===K==

l===~I==~====~=~===~J

I=~=~==~===~===J

=========~=J=

~==K=

B u d g e t i n g a n d c o s t i n g B u d g e t i n g a n d c o s t i n g B u d g e t i n g a n d c o s t i n g B u d g e t i n g a n d c o s t i n g b_j=~=~====~==W==

^==k=I= c=~I= ^~=~=~~~===~~=I= f~=~=~I= m=~I= d~I=q~=~=fq=f=mI=


16/26


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a~=k====~==d~Lq~Lfq=JI=

o=~~=~=~~====~=I=

m~=l==I= j~~=====pI= _=~==~=jj=a~====~===cJ

~=a~K

f==== ~= == ~=~===~~= J

~=~=~==K=

C o m p o n e n t s o f A u d i t R e p o r t C o m p o n e n t s o f A u d i t R e p o r t C o m p o n e n t s o f A u d i t R e p o r t C o m p o n e n t s o f A u d i t R e p o r t ^= = jK= e~~I= = = = ~= = = ~=

=~=~I==~=~L=~W=

m^vjbkqp=^ka=mol`robjbkqpm^vjbkqp=^ka=mol`robjbkqpm^vjbkqp=^ka=mol`robjbkqpm^vjbkqp=^ka=mol`robjbkqp= pbosf`bppbosf`bppbosf`bppbosf`bp=

q~= l=(limited scale though)

`loobpmlkabk`b`loobpmlkabk`b`loobpmlkabk`b`loobpmlkabk`b=

^== p~~=

^``lrkqp=ob`bfs^_ib^``lrkqp=ob`bfs^_ib^``lrkqp=ob`bfs^_ib^``lrkqp=ob`bfs^_ib= m~==

j~=(on Cash payments advance) j=(on Credit terms mostly to Self-Service Marts etc)


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f====~==~===~===~==~I=

~= = ~= = I= = ~= = ~= = = ==

7 to 22 days time period=~K=

Internal auditsf~= ~= = ~= = ~I= ~= ~= =

==~=~=====~=I=J

==~=~~=(i.e. they are company employees).

f=====~=(both financial and non-financial)==~==~==~~==~=I=~====~~=

~=~K=f~=~==~===~===~=~==

= = = ~~= = = I= = = = ~~=

~==K==

c=~I==~==~====~=~==

~====~=~===I==~===~=

==~===~===~~~=K=

Internal auditors for EBM

p~=e=j=^~=

External auditsb~=~==~========J

~~====~K=q=~====~~=~=

==~~==~=~=~=~===~=~J

K==


18/26


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q= ~= = = ~= ~= = = = = ~~=

~= ~= = = ~~= ~I= = ~= = =

==~=~==~=~====~=~~=J

K==

^=~==I=~=~==~=~=~~=~=

===~==~~=====~==~~=

~I=====~==~=K=

External auditors for EBM

^Kc=c=

S t o r a g S t o r a g S t o r a g S t o r a g e f a c i l i t i e s e f a c i l i t i e s e f a c i l i t i e s e f a c i l i t i e s q=~=~=~=~=~W=

i~= c~~~~= j~= pI=~= h~~=

EEEE x p o r t s x p o r t s x p o r t s x p o r t s q=~===~W=

^~~= q=r=^~=b~I=~= q=r=p~==^~=

C H A L L E N G E SC H A L L E N G E SC H A L L E N G E SC H A L L E N G E Sc=~====~==~=~=W=


19/26


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Internal

q=~==~==~======

~~I==

fq=a~=~=I= m=`~~I= m~=b~I= oI= o~=~=aK=

Externalq= ~= = ~= = ~= ~= ~~= = ~J

=====

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20/26


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aaR e p o r t o n E n g l i s h B i s c u i t s M a n u f a c t u r e r s

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Bibliography

NAME DESIGNATION

Ghufran Ahmed

Ansari

Officer Supply Chain

Iqbal Aziz Assistant Manager Imports

Syed Ali

Ashraf

Assistant Manager Production

(food technologists)

Jude

Gonsalvez

Assistant Manager Sales

(Sales Planning)

Sahrish Rasheed Brand Manager

M. Zahid

Khan

Business Support

Executive

M. H. Hamdani Senior Accounts Officer

=

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=

Glossary

^=

= Annual General Meeting An opportunity to communicate with members, clients, part-ners and other interested parties.

= Audit Review, Inspection

`=

= Contractual based wages Contract based wage refers to a situation of quasi-voluntaryslavery where a person's livelihood depends on contract re-

stricted wages, especially when the dependence is total and

immediate.

= Correspondence Communication, Association

a=

= Direct Labours Those whore directly involved in the production.

= Direct Material Those raw materials which are directly involved in the manu-facturing process.

b= = =

= Enterprise Resource Planning (ERP) Describes the integration of key business information acrossthe organization by way of computer software that is engi-

neered to benefit the organization as a whole and improve its

competitive posture.c=

= Freight Cargo, Shipment

f=

= Indirect Labour Those whore responsible for packaging and similar responsi-bilities.

= Indirect Material Those raw materials which are not directly involved in themanufacturing process but do compliment the product i.e.

packaging etc.

m=

= Preventive Measures Safety, defensive

q=

= Taxation The taxes referred to as income tax or capital tax.

=

managerial accounting final report

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