Learning Outcomes

Pass

Merit

Distinction

LO 1: Demonstrate an understanding of

P1: Explain

M1 Evaluate the

D1 Critically evaluate

management accounting systems

management

benefits of

how management

accounting and give

management

accounting systems and

the essential

accounting

management

requirements of

systems and their

accounting reporting is

different types of

application

integrated within

management

within an

organisational processes

accounting systems for

organisational

for the chosen scenario.

the chosen scenario.

context for the

P2: Explain different

chosen scenario.

methods used for

management

accounting reporting

LO2 Apply a range of management accounting

P3: Calculate costs

M2: Accurately

D2 Produce financial

techniques

using appropriate

apply a range of

reports that accurately

techniques of cost

management

analysis to prepare an

accounting

apply and interpret data

income statement

techniques and

for a range of business

using marginal and

produce

absorption costs as

appropriate

activities with reference

specified above.

financial

to the chosen scenario.

reporting

documents with

reference to the

chosen scenario.

P4: Explain the

M3: Analyse the

D3(LO3&4): Evaluate

LO3 Explain the use of planning tools used in

advantages and

use of different

how planning tools for

management accounting

planning tools

disadvantages of

and their

accounting respond

different types of

application for

appropriately to solving

preparing and

planning tools used for

forecasting

financial problems to

budgetary control for

budgets with

lead organisations to

special reference

the chosen scenario.

to the chosen

sustainable success with

scenario.

special reference to your

chosen scenario.