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LO 1 Demonstrate an
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P1 Explain management
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M1: Evaluate the
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D1: Critically
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understanding of
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accounting and give the
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benefits of
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evaluate how
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management accounting
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essential requirements of
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management
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management
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accounting systems
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accounting systems
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systems
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different types of
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and their application
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and management
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management accounting
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for the specified
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accounting reporting
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systems to the specified
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scenario
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can be integrated for
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scenario giving examples.
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the above chosen
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P2 Explain different methods
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scenario
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used for management
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organisational
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accounting reporting that can
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processes.
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also be used for the chosen
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scenario organisation
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LO2: Apply a range of management accounting techniques
P3 Calculate costs using appropriate techniques of cost analysis to prepare an income statement of marginal and absorption costing using the data provided.
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M2: Accurately
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D2: Produce financial
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apply a range of
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reports that
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management
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accounting
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accurately apply and
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techniques and
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interpret data for a
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produce appropriate
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financial reporting
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range of business
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documents for your
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activities for the
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organisation.
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chosen organisation.
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LO3 Explain the use of planning tools used in management accounting
P4 Explain the advantages and disadvantages of different types of planning tools that can be used for budgetary control in your organisation. This should be supported with examples and illustrations (P4)
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M3: Analyse the use
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D3(LO3&4):
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of different planning
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Evaluate how
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tools and their
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application for
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planning tools for
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preparing and
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accounting respond
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forecasting budgets
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for your organisation.
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appropriately to
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solving financial
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problems to lead
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organisations to
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sustainable success
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LO4: Compare ways in
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P5 Compare how
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which organisations could
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organisations such as yours
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use management
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accounting to respond to
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should adapt management
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financial problems
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accounting systems to
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respond to financial
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problems. This should be
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supported with examples and
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illustrations
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M4: Analyse how, in
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D4 : Evaluate how
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responding to
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planning tools for
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financial problems,
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accounting respond
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management
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appropriately to
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accounting can lead
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solving financial
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organisations such as
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problems to lead
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yours to sustainable
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organisations to
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success
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sustainable success
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