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Scenario: You are currently working as a junior Accountant in an Accounting firm which provides the Accountancy services to the different clients/business. You have been working in that firm since while now and have got exposure to the different branches of the accounting. You have interest in dealing with queries related with Management accounting and have dealt with few clients regarding that. One of the existing clients named Chen One Ltd of your firm has requested your firm to provide services on this. Currently they don't have a management accounting department and because of the expansion of the business things are getting complicated in one department. Client want to know more about the management accounting, its function, role in an organization, different techniques of management accounting and how it can be used in the financial management of a business. Based on your interest and experience your manager has asked you to write a report based on the request from the client. You need to submit this report to the manager and it will be shared with client once assessed and approved by the manager. AC.4.4. Effective strategies and systems: 4.4.1. The development of strategies and systems which require effective and timely reporting, full disclosure of financial positions and are responsibly owned and governed. AC.4.3. Management accounting skill sets: 4.3.1. What are the characteristics of an effective management accountant? 4.3.2. How can these skills be used to prevent and/or deal with problems