Individual Reflective Journal Specifications Purpose:
The Individual Reflective Journal is to ensure each student is able to contribute to document a critical reflection of their personal learning process, as experienced during this unit. A significant aspect of the reflective journal will be your reflections on what you learnt and experienced from your individual assignment.
Assignment Task:
1. Reflections on the selected peer reviewed journal article based on the assignment topic. What went well, what did not go to plan, how did you addressed any difficulties, and what had you learnt from it.
2. Reflections on the research experience. What was enjoyable, what was difficult, what insights had you gained, and any issues, challenges you experienced.
3. Reflections on what you had learned from the individual assignment, including the relevance of budgeting as a management technique to businesses today. What insights had you gained and what had you learnt from it.

Solution

Managerial Accounting

Task 1

The article was profoundly insightful, more so with regard to the identification, measurement, analysis, interpretation, and communication of financial info to managers. The authors clearly brought out the fact that the primary purpose of managerial accounting is to pursue organizational goals for their respective entities. From my perspective, the assignment went well on account of the authors’ elaborate illustration of accounting practices and policies that are inclined towards sound management approaches. The details outlined about the manner in which an entity’s mission statement is pursued through collective managerial accounting approaches was of paramount importance to my successful completion of the assignment.

I had some difficulties following through some arithmetic deductions into theory. To some extent, it was complicated for me to comprehend the logic between some mathematical approaches to managerial accounting and practical application. At the same time, initially, it was difficult for me to understand the difference between managerial accounting and financial accounting. In a bid to overcome some of these challenges,…………………………………………………To access the rest of the solution for $5, please click on the purchase button.