I. The importance of management accounting information as a decision-making tool for department managers.
II. Job costing systems.
Provide an explanation of managerial accounting reports different types of managerial accounting reports. Examples such as Scheduled report; Exception report; Demand report etc.
Explain why it is important for information presented to management to be in a format that can easily understood You will need to build on PI & P2 to evaluate the benefits of management accounting systems and their application within the context of Tech (UK) Limited. For example-
Emphasise more on critical review on HOW, management accounting systems and management accounting reporting is integrated within the system.
Learners should find points in favour and against the integration itself. Learners are expected to;
This is a pure mathematical problem. However, not necessarily all the learners should have the same answer, but the process and steps of the calculation should be assessed to get a pass.
You will need to show calculation of profits using Absorption costing method You will need to show calculation of profits using Marginal costing method
For the month of September (based on the example given in the assignment brief) using;
LO1 Review and critique the effectiveness of operations management principles
LO2 Apply the concept of continuous improvement in an operational context
LO3 Apply the Project Life Cycle (PLC) to a given context
LO4 Review and critique the application of the PLC used in a given project
- Conduct a review and critique of the implementation of operations management principles within the context of the business scenario above or any other business scenario...ReadMore
LO1: Establish project aims, objectives and timeframes based on the chosen theme.
What is project management and what does it involve?
The key stages of project management.
The advantages of using project management and why it is important
LO2: Conducting a Research Project.
Project execution phase
Selecting appropriate methods of information gathering, data collection and material resourcing.
The distinct phases which support a coherent and logical...ReadMore
Task – 1
LO 1 Discuss how a small business or social enterprise plans and allocates resources to achieve objectives.
P1 - Discuss the main considerations a small business or social enterprise needs to address when planning and allocating resources to achieve business objectives.
Task – 2
LO 2: Explain and evaluate the customer relationship management process for a small business or social enterprise, including understanding the benefits and...ReadMore