P1: Explain management accounting and give the essential requirements of different types of management accounting systems for the chosen scenario.

Unit 5: Management Accounting

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Learning Outcomes

Pass

Merit

Distinction

LO 1: Demonstrate an understanding of

P1: Explain

M1 Evaluate the

D1 Critically evaluate

management accounting systems

management

benefits of

how management

 

accounting and give

management

accounting systems and

 

the essential

accounting

management

 

requirements of

systems and their

accounting reporting is

 

different types of

application

integrated within

 

management

within an

organisational processes

 

accounting systems for

organisational

for the chosen scenario.

 

the chosen scenario.

context for the

 

 

P2: Explain different

chosen scenario.

 

 

methods used for

 

 

 

management

 

 

 

accounting reporting

 

 

 

LO2 Apply a range of management accounting

P3: Calculate costs

M2: Accurately

D2 Produce financial

 

techniques

using appropriate

apply a range of

reports that accurately

 

techniques of cost

management

 

 

 

 

 

analysis to prepare an

accounting

apply and interpret data

 

 

income statement

techniques and

for a range of business

 

 

using marginal and

produce

 

 

 

 

 

absorption costs as

appropriate

activities with reference

 

 

specified above.

financial

to the chosen scenario.

 

 

 

reporting

 

 

 

 

 

 

 

documents with

 

 

 

 

reference to the

 

 

 

 

chosen scenario.

 

 

 

P4: Explain the

M3: Analyse the

D3(LO3&4): Evaluate

 

LO3 Explain the use of planning tools used in

advantages and

use of different

how planning tools for

 

management accounting

planning tools

 

 

 

 

 

disadvantages of

and their

accounting respond

 

 

different types of

application for

appropriately to solving

 

 

preparing and

 

 

 

 

 

 

planning tools used for

forecasting

financial problems to

 

 

budgetary control for

budgets with

lead organisations to

 

 

special reference

 

 

 

 

 

 

the chosen scenario.

to the chosen

sustainable success with

 

 

 

scenario.

special reference to your

 

 

 

 

 

 

 

 

chosen scenario.

 

 

 

 

 

 

 

LO4 Compare ways in which organisations could use

P5: Compare how

M4: Analyse

 

 

management accounting to respond to financial

organisations are

how, in

 

 

problems.

 

 

 

 

responding to

 

 

 

adapting management

 

 

 

financial

 

 

 

 

 

 

 

accounting systems to

problems,

 

 

 

respond to financial

management

 

 

 

 

 

 

 

problems.

accounting can

 

 

 

lead

 

 

 

 

 

 

 

 

organisations to

 

 

 

 

sustainable

 

 

 

 

success with

 

 

 

 

special reference

 

 

 

 

to your chosen

 

 

 

 

scenario

 

 

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