Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Different types of management accounting systems

28/03/2021 Client: saad24vbs Deadline: 2 Day

logo-box-line-title-big

BTEC HND in Business Module Booklet
RQF Unit 5

Management Accounting

Unit level

4

Unit code

H/508/0489

Unit type

Optional

Guided learning hours

60

Module Leader

Dalton Vincent

Table of Contents

1.1 Introduction 3 1.2 Learning Outcome 3 1.3 Essential Content 3 1.4 Teaching Ethos 8 1.5 Methods of Delivery 8 1.6 Plagiarism 9 1.7 Scheme of Work 9

1.1 Introduction
The overall aim of this unit is to introduce the fundamentals of management accounting which apply to the wider business environment and the organisations which operate within that environment. Students will explore how management accounting uses financial data to aid planning decisions, and the monitoring and control of finance within organisations.
On successful completion of this unit students will be in a position to present financial statements in a workplace context and be able to assist senior colleagues with financial business planning. In addition, students will have the fundamental knowledge and skills to progress onto a higher level of study.
1.2 Learning Outcome
By the end of this unit a student will;

1. Demonstrate an understanding of management accounting systems.
2. Apply a range of management accounting techniques.
3. Explain the use of planning tools used in management accounting.
4. Compare ways in which organisations could use management accounting to respond to financial problems.
1.3 Essential Content
LO1: Demonstrate an understanding of management accounting systems.

Introduction to management accounting:

What is management accounting? Definition of management accounting.

What is a management accounting system?

Why is it important to integrate these within an organisation?

Explore the origin, role and principles of management accounting.

The distinction between management and financial accounting.

Different types of management accounting systems:

Cost-accounting systems, inventory management systems, job-costing systems and price-optimising systems.

Benefits of different types of systems.

Presenting financial information:

Why information should be relevant to the user, reliable, up to date and accurate.

Why the way in which the information is presented must be understandable.

Different types of managerial accounting reports.

LO2: Apply a range of management accounting techniques.

Microeconomic techniques:

What is meant by cost? Different costs and cost analysis.

Cost-volume profit, flexible budgeting and cost variances.

Applying absorption and marginal costing.

Product costings:

Fixed and variable costs, cost allocation.

Normal and standard costing, activity-based costing and the role of costing in setting price.

Cost of inventory:

Definition and meaning of inventory costs and different types of inventory costs.

The benefits of reducing inventory costs to an organisation.

Valuation methods.

Cost variances.

Overhead costs.

LO3 Explain the use of planning tools used in management accounting

Using budgets for planning and control:

Preparing a budget.

Different types of budgets (e.g. capital and operating).

Alternative methods of budgeting.

Behavioural implications of budgets.

Pricing:

Pricing strategies.

How do competitors determine their prices?

Supply and demand considerations.

Common costing systems:

Actual costing, normal costing and standard costing systems.

How cost systems differ depending on the costing activity: job costing, process costing, batch costing and contract costing.

Strategic planning:

Applying PEST, SWOT, balance scorecard or Porter’s Five Forces analysis to the financial position of an organisation.

LO4 Compare ways in which organisations could use management accounting to respond to financial problems

Identifying financial problems:

Using benchmarks, key performance indicators (financial and non-financial) and budgetary targets to identify variances and problems.

Financial governance:

Definitions of financial governance, and how this can be used to pre-empt or prevent financial problems.

Using financial governance to monitor strategy.

Management accounting skill sets:

What are the characteristics of an effective management accountant?

How can these skills be used to prevent and/or deal with problems?

Effective strategies and systems:

The development of strategies and systems which require e

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Supreme Essay Writer
Top Class Results
Homework Master
Financial Hub
Quick N Quality
Essay & Assignment Help
Writer Writer Name Offer Chat
Supreme Essay Writer

ONLINE

Supreme Essay Writer

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$48 Chat With Writer
Top Class Results

ONLINE

Top Class Results

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$56 Chat With Writer
Homework Master

ONLINE

Homework Master

I have read your project details. I can do this within your deadline.

$63 Chat With Writer
Financial Hub

ONLINE

Financial Hub

I will cover all the points which you have mentioned in your project details.

$36 Chat With Writer
Quick N Quality

ONLINE

Quick N Quality

Give me a chance, i will do this with my best efforts

$64 Chat With Writer
Essay & Assignment Help

ONLINE

Essay & Assignment Help

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$44 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Research project - Co nh3 5 h2o cl3 - Engr 696 - Charlotte beers at ogilvy & mather worldwide - Everyone's an author tumblr - 21 leilani street kellyville ridge - Babylon revisited modernism - What are the building blocks of carbohydrates - Harmonie water case study - P v2 r calculator - 0.0002 in scientific notation - The computer workstation furniture manufacturing that santana rey - Questions - Experiment 10 report sheet vinegar analysis - Discussion 1b - Daisy pool covers 525 micron ultradome pool blanket - C11 Lesson 1 Exam SCORE 95 PERCENT - What is computer room management ethics - Modify the following sql command so that the rep_id - Economics - Beauty school portland oregon - Internal audit sample size calculator - Micro-econ essay - Sd card breakout board - Math 533 course project part c - Problem cause solution speech ideas - Should the us convert to a zero personal income tax - Stream of consciousness in araby - Respond to the following: - Math 300 - Safe sleeping practices for child care services - Benchmark - Risk Management Program Analysis - Part Two - Jack wills swot - Northumbria university degree classification - Brooks australia fire alarm beeping - Myaccountinglab homework answers chapter 3 - How professional associations and state regulatory boards view online therapy - Running record conversion chart - Practical Connection Assignment - Economic batch quantity definition - Discussion questions for bridge to terabithia - Lorem - Database project proposal example - How to analyse a picture in english - Amp flexible lifetime super abn number - Conveyor belt project report - What happened to the quants in august 2007 - Usyd tennis court booking - The population density of worms in a particular field - Writing Assignment 2 - Nursing reasrch-article crtique -article on attachment file - Discussion response - Boehm incorporated is expected to pay - 87.5 as a fraction - Managerial issues of a networked organization - Bpi trade online log in - Cotton mather wonders of the invisible world analysis - Modeling a plate boundary lab answers - Help with homework - John bennett architect southwold - MK405 Social Media Marketing Evaluation Assignment - 91 lanita road ferny grove - A material with a wider hysteresis loop has - Nurs 340prompt - When a firm insures itself against foreign exchange risk, it is - Granite gear rongbuk 28 review - Developing Your Design Solution - Is my team ploughing - Why is training a critical strategic issue for organizations - Siege james mason hardcover - Nihon keizai university fukuoka - Campusdish winthrop - List three provisions in the corporate charter that affect takeovers - Artist booking contract pdf - How to use emulsifier in cake - Health behavior science udel - The book of micah presents a divine lawsuit - Difference between reflexive and reciprocal verbs in french - Creditors claims on the assets of a company are called - Chapter 4 social responsibility of business and government test answers - Julie's pawn & jewelry sales flint mi - Ehr implementation highlighting past - Pop test equation - Case Management Process Section 4: Intake and Monitoring - Does uniqlo use child labour - Ac relay coil snubber - The crusades crescent and the cross answers - Https ppo payroll pro inc com kiosk login login aspx - Chapter 4 lord of the flies - BUS660 WEEK 5 ASSIGNMENT - Health policy in the us - Discussion - Chapter 18 volcanic activity study guide answer key - For anyone - The circles of hell - 10-1.5 tap drill size - Discussion Question 2 - Short answers - Our dried voices when we whisper - 12 angry men plot