Review and coursework completion

This week’s topics

Review and coursework completion

1. Reviewing the learning outcomes
2. Completing and checking coursework against the criteria
3. Self-assessment

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.
• 3.1 Explain the purpose of standard costing for a selected organisation.
• 3.2 Calculate standard costs for given data.
• 3.3 Calculate variances for given data.
• 3.4 Discuss the advantages and limitations of standard costing.
• 4.1 Explain how to calculate break-even analysis using formula.
• 4.2 Explain how a business organisation can apply cost, volume and profit analysis.
• 4.3 Explain the limitations of break-even analysis.

Activity

Guided review of every criterion; coursework completion clinic and peer review.

Study materials