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.
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.
- 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