Accounting Management at Shell Company Case Study

Accounting Management at Shell Company - Case Study Example Management accounting information is the information which is necessary for the higher management to take into consideration when making important decisions regarding the organization. It allows the management to make well-informed decisions which can drastically help the company to achieve improved results. Management accounting information is future-oriented which means that unlike financial accounting, it does not just report the past performance of the company but also highlights the sections which can be improved to achieve greater efficiency and profitability. There are basically three types of management accounting information which can be significant for business decision making. This information can be classified into three statements or reports which include the cost allocation reports, budget reports, and forecasting statements. The first type of management accounting information that can be used by Shell management is the cost allocation reports. This report consists of t he information regarding the money invested or supposed to be invested, in particular projects. Organizations today have limited resources and they need to evaluate very carefully the projects they invest in. In the case of Shell, most of its projects involve huge investments and they cannot afford to make a mistake in choosing the right project. Therefore, Shell management can use the cost allocation reports to evaluate the projects which give the highest possible return and also are in line with its company goals and strategy. The second type of management accounting report is a budget report which usually has to be formulated and presented at the start of the financial year. A budget report will consist of the money the business should invest in each business operation and function. Managers usually refer to master, standard and flexible budgets to take decisions. Master budgets include all the allotted resources for expenditures of the whole company as well as for separate depar tments. On the other hand, a standard and flexible budget can help the management to compare the actual and budgeted expenses of the company which can again provide very useful information to the Shell management.

Asian Art Museum Report Essay Example | Topics and Well Written Essays - 500 words

Asian Art Museum Report - Essay Example Only one of the bent trees has a single fruit with some two men standing at the trunk (Zhang, Sternberg, and Rayner 14). I personally chose the piece of art due to the artistic abilities of the painter especially considering the fact that he could paint a quality piece of art depicting an Asian religious aspect. The artist carefully and creatively chooses colors that resonate well with the culture and environment of the practice by Asian monks. Their color choice consists of red, white, blue, and green to create clarity and contrast that leads the viewers to understand what the image is all about and the implications of the image on the viewers. The artist also strikes a religious code in the viewers through their choice of the subject matter where they show religious men dressed in specific regalia of a definite color (Zhang, Sternberg, and Rayner 16). Besides the use of distinct colors, the artist has used a circular shape as outlining the edges of the painting. Circular shapes normally depict peace and tranquility. In addition to the use of shapes, another crucial aspect about composition plays out especially at the foreground and the middle ground where the artist keenly locates the men and other natural elements like trees at specific and adjacent positions to show the interdependence and functionality of all the elements depicted in the piece of art. This helps the viewers to figure out the significance of the natural environment to the sustainability of humanity (Zhang, Sternberg, and Rayner 22). All these attracted my attention and I believe they are a sure eye catcher for any prospective individual looking for Asian pieces of art. This is because throughout the painting, the artist has tried to maintain a smooth texture to indicate the nobble course for which the men are involved. I am particularly interested in the artist’s creativity in telling the story about the Chinese animal