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Level 4 Diploma in Accounting and Business

Budgetary Planning and Control

AB405 · Management Accounting — Week 3 of 16

CourseAB405
Week3 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Budgetary Planning and Control

  1. Role of budgets in performance management
  2. Incremental, zero-based, and rolling budgets
  3. Top-down versus bottom-up approaches
  4. Monitoring variance against budget targets
  5. CIMA P1 Budget Styles, Methods of budgeting
  6. CIMA P2 Budgetary Control and Performance Management
  7. MA34 - Variance Analysis - Explained

What you will be able to do

  • 2.1 Explain the contribution of budgeting-setting and monitoring to business performance.
  • 2.2 Explain the advantages and disadvantages of different types of budget-setting.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain the contribution of budgeting-setting and monitoring to business performance.

Study materials

Videos

  • CIMA P1 Budget Styles, Methods of budgeting · YouTube · OpenTuition · 20 min · for registered students
  • CIMA P2 Budgetary Control and Performance Management · YouTube · OpenTuition · 33 min · for registered students
  • MA34 - Variance Analysis - Explained · YouTube · Tony Bell · 11 min · for registered students

Further resources

  • Principles of Accounting, Volume 2: Managerial Accounting, ch. 7: Budgeting · PDF · OpenStax, textbook chapter; pp. 327–376 · for registered students
  • Budgetary Slack in Ireland: An Investigation · PDF · Reading, article · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 2Week 4
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Introduction to Management Accounting
  • Week 2: Cost Accounting and Accounting Integration
  • Week 3: Budgetary Planning and Control
  • Week 4: Working Capital Management
  • Week 5: Non-Current Assets and Depreciation
  • Week 6: Principles of Standard Costing
  • Week 7: Variance Analysis Calculations
  • Midterm: Midterm evaluation
  • Week 9: Evaluation of Standard Costing
  • Week 10: Break-Even and Cost-Volume-Profit Fundamentals
  • Week 11: Applications and Limitations of CVP Analysis
  • Week 12: Applying Management Accounting 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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