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Unit 9: Management Accounting, Costing and Budgeting Pearson

Answer :

Aim:

The aim of this unit is to provide learners with the understanding and ability to use cost information for budgeting and forecasting purposes in the management of business.

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Scenario

Following a strategic review, as a newly appointed management accountant of ABC Ltd. Company, you are required to produce a report to present to the CEO. You are required to analyse cost information and propose methods to reduce costs and enhance value within the organisation.

Learning Outcome

  • LO1 Be able to analyse cost information within a business
  • LO2 Be able to propose methods to reduce costs and enhance value within a business
  • LO3 Be able to prepare forecasts and budgets for a business
  • LO4 Be able to monitor performance against budgets within a business
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