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1.1 Explain the purpose and scope of cost and management accounting

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1.1 Explain the purpose and scope of cost and management accounting

Unit 15: Finance for Administrative Managers Unit reference number: D/506/4212

Learning outcomes Assessment criteria

 

1 Understand the purpose and scope of cost and management accounting

 

1.1 Explain the purpose and scope of cost and management accounting

 

2 Understand the application of financial accounting

 

2.1 Analyse the nature and purpose of the main financial statements

2.2 Describe the features of a basic set of company accounts

 

3 Understand the impact of internal and external factors on budgetary planning in a business

 

3.1 Analyse the need for long and short term budgetary plans in a business

3.2 Analyse the relationship between functional departments and responsibility centres

 

4 Understand how to manage a budget

4.1 Evaluate strategies used to manage budget variance and improve profitability

4.2 Analyse how management controls could be used to minimise budget deficit


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  • Title: 1.1 Explain the purpose and scope of cost and management accounting
  • Price: £ 119
  • Post Date: 2018-11-10T13:04:38+00:00
  • Category: Assignment
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