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P1 Explain management accounting and give the essential requirements of different types of management accounting systems to the

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  • Post Date 2018-11-09T13:02:47+00:00
  • Post Category Research Paper Queries

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P1 Explain management accounting and give the essential requirements of different types of management accounting systems to the specified scenario giving examples.

LO 1 Demonstrate an

P1 Explain management

M1: Evaluate the

D1:  Critically

 

understanding of

accounting and give the

benefits of

evaluate how

 

management accounting

essential requirements of

management

management

 

accounting systems

accounting systems

 

systems

different types of

 

and their application

and management

 

 

management accounting

 

 

for the specified

accounting reporting

 

 

systems to the specified

 

 

scenario

can be integrated for

 

 

 

 

 

scenario giving examples.

 

the above chosen

 

 

P2 Explain different methods

 

scenario

 

 

used for management

 

organisational

 

 

 

 

 

 

accounting reporting that can

 

processes.

 

 

 

 

 

 

also be used for the chosen

 

 

 

 

scenario organisation

 

 

 

LO2: Apply a range of management accounting techniques

 

P3 Calculate costs using appropriate techniques of cost analysis to prepare an income statement of marginal and absorption costing using the data provided.

M2: Accurately

D2: Produce financial

 

apply a range of

reports that

 

management

 

 

 

accounting

accurately apply and

 

techniques and

interpret data for a

 

produce appropriate

 

 

 

financial reporting

range of business

 

documents for your

activities for the

 

organisation.

 

 

 

 

chosen organisation.

 

LO3 Explain the use of planning tools used in management accounting

 

P4 Explain the advantages and disadvantages of different types of planning tools that can be used for budgetary control in your organisation. This should be supported with examples and illustrations (P4)

M3: Analyse the use

D3(LO3&4):

 

of different planning

Evaluate how

 

tools and their

 

 

 

application for

planning tools for

 

preparing and

accounting respond

 

forecasting budgets

 

 

 

for your organisation.

appropriately to

 

 

solving financial

 

 

problems to lead

 

 

organisations to

 

 

sustainable success

 

LO4: Compare ways in

P5 Compare how

 

which organisations could

organisations such as yours

 

use management

 

 

 

accounting to respond to

should adapt management

 

financial problems

accounting systems to

 

 

 

 

respond to financial

 

 

problems. This should be

 

 

supported with examples and

 

 

illustrations

 

M4: Analyse how, in

D4 : Evaluate how

 

responding to

planning tools for

 
 

 

 

 

financial problems,

accounting respond

 

management

appropriately to

 
 

accounting can lead

solving financial

 

organisations such as

problems to lead

 

yours to sustainable

organisations to

 

success

sustainable success

 

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