This week’s topics
Final assessment and submission
- Final coursework submission
- Assessment against all criteria
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
Final assessment week: submission of the unit assignment.
Study materials
The teaching notes, exercises and videos of this week are in the student portal. Your portal is set up as soon as you receive final acceptance, so you can open them before the semester starts.
