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Level 5 Diploma in Tourism and Hospitality Management

Applying Management Accounting in practice: case studies

THM503 · Management Accounting — Week 12 of 16

CourseTHM503
Week12 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Applying Management Accounting in practice: case studies

  1. Case analysis
  2. Linking theory to practice
  3. Evaluating evidence
  4. CIMA P1 Time series analysis
  5. CIMA P1 Analysis of variances - Operating Statement

What you will be able to do

  • 3.2 Compare organisational performance using historical financial data.

Activity

Start with this week’s 2 videos, then: Case-study workshop: apply the unit’s concepts to a real or realistic case and evaluate the outcome.

Study materials

Videos

  • CIMA P1 Time series analysis · YouTube · OpenTuition · 31 min · for registered students
  • CIMA P1 Analysis of variances - Operating Statement · YouTube · OpenTuition · 28 min · for registered students
  • Analysis of variances part 4 Operating Statement - CIMA P1 · YouTube · OpenTuition · 28 min · for registered students
  • Analysis of variances - CIMA P1 · YouTube · OpenTuition · 27 min · for registered students
  • CIMA P1 Variance analysis - Analysis of variances · YouTube · OpenTuition · 27 min · for registered students

Further resources

  • Introduction to Financial Accounting, Lyryx 2023-A, ch. 12: Financial Statement Analysis · PDF · Other, textbook chapter; pp. 489–532 · for registered students
  • Intermediate Financial Accounting Vol. 2, Lyryx 2021-A, ch. 22: Putting It All Together: Disclosures and Analysis Overview · PDF · Other, textbook chapter; pp. 405–442 · for registered students
  • Academy trust management accounting: good practice guide (DfE/ESFA, 2024) · Reading · GOV.UK, guidance · 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 11Week 13
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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.

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Course plan
  • Week 1: The Role and Context of Finance and Accounting
  • Week 2: Accounting for Strategic Decision Making
  • Week 3: Nature and Structure of Financial Statements
  • Week 4: Year-End Accounting Adjustments
  • Week 5: Financial Statements for Sole Traders
  • Week 6: Financial Statements for Partnerships
  • Week 7: Financial Ratio Analysis
  • Midterm: Midterm evaluation
  • Week 9: Comparative Historical Performance Evaluation
  • Week 10: Sources of Business Finance
  • Week 11: Budgetary Control, Revenue Management, and Cash Budgeting
  • 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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