Midterm evaluation

This week’s topics

Midterm evaluation

1. Midterm assessment of the criteria taught so far
2. Individual feedback and targets

What you will be able to do

• 1.1 Define management accounting,
• 1.2 Explain requirements for various management accounting systems used in business.
• 1.3 Explain the function of cost accounting in business accounting.
• 1.4 Explain the relationship between cost accounting and management accounting.
• 1.5 Explain how cost accounting, management account and financial accounting are coordinated to aid effective decision-making in business.
• 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.
• 2.3 Explain how to apply the techniques for managing working capital management.
• 2.4 Explain the methods used to depreciate non-current assets.

Activity

Midterm assessment task and individual feedback.

Study materials