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Level 3 Foundation Diploma in Accountancy

Integrated management information review

AB302 · Management Information — Week 11 of 16

CourseAB302
Week11 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Integrated management information review

  1. Evaluating labour cost reporting through ICT
  2. Comparing digital reporting to external financial accounts
  3. Practical management reporting synthesis

What you will be able to do

  • 1.2 Describe the purpose of management information.
  • 1.3 Compare cost and management accounting processes with those required for external financial reporting.
  • 2.2 Describe the processes for accounting for labour costs.
  • 3.1 Outline how ICT is used by business organisations to record management information.
  • 3.3 Explain the advantages and disadvantages of using ICT when recording management information in business organisations.

Activity

Seminar, guided reading and a short written task: describe the purpose of management information.

Study materials

Videos

  • FINANCIAL vs MANAGERIAL Accounting · YouTube · Accounting Stuff · 10 min · for registered students
  • Financial vs Management Accounting - By Saheb Academy · YouTube · Saheb Academy · 13 min · for registered students
  • 💻 Accounting Information Systems (AIS) Explained — CMA Exam · YouTube · Farhat Lectures. The # 1 CPA & Accounting Courses · 33 min · for registered students

Further resources

  • Academy trust management accounting: good practice guide (DfE/ESFA, 2024) · Reading · GOV.UK, guidance · for registered students
  • Introduction to Business 2e, ch. 13: Using Technology to Manage Information · PDF · OpenStax, textbook chapter; pp. 451–484 · for registered students
  • Workplace Software and Skills, ch. 12: Using Excel in Accounting and Financial Reporting · PDF · OpenStax, textbook chapter; pp. 797–820 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
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Course plan
  • Week 1: Accounting systems in business organisations
  • Week 2: Purpose of management information
  • Week 3: Management accounting versus financial reporting
  • Week 4: Labour remuneration systems
  • Week 5: Accounting for labour costs
  • Week 6: Analysing gross and net earnings
  • Week 7: ICT applications in management information
  • Midterm: Midterm evaluation
  • Week 9: Factors influencing ICT adoption
  • Week 10: Evaluating ICT in management information
  • Week 11: Integrated management information review
  • Week 12: Applying Management Information in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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