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

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

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.

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