Management Accounting

LO1 Demonstrate an understanding of management accounting systems   

 D1 Critically evaluate how management accounting systems and management accounting reporting is integrated within organisational processes.

P1 Explain management accounting and give the essential requirements of different types of management accounting systems.     

M1 Evaluate the benefits of management accounting systems and their application within an organisational context.
    
P2 Explain different methods used for management accounting reporting.         
LO2 Apply a range of management accounting techniques
     D2 Produce financial reports that accurately apply and interpret data for a range of business activities.
P3 Calculate costs using appropriate techniques of cost analysis to prepare an income statement using marginal and absorption costs.   

 M2 Accurately apply a range of management accounting techniques and produce appropriate financial reporting documents.   

LO3 Explain the use of planning tools used in management accounting   

 D3 Evaluate how planning tools for accounting respond appropriately to solving financial problems to lead organisations to sustainable success.

P4 Explain the advantages and disadvantages of different types of planning tools used for budgetary control.   

 M3 Analyse the use of different planning tools and their application for preparing and forecasting budgets.     
LO4 Compare ways in which organisations could use management accounting to respond to financial problems     
P5 Compare how organisations are adapting management accounting systems to respond to financial problems.   

 M4 Analyse how, in responding to financial problems, management accounting can lead organisations to sustainable success.     

Dishonest Means in Assessment includes plagiarism, syndication or collusion, re-presentation, fabrication, impersonation, procedural dishonesty, cheating in closed assessment.  Penalties are severe.

Careful referencing of sources is vital when making use of the work of others.  You are expected to employ the referencing conventions recommended in the Field/Course.  These conventions apply to information taken from internet sources, as well as books, journals and lectures.  These are some of the points you should check before submitting your work:

Are all direct quotations, from both primary and secondary sources, suitably acknowledged (placed in quotation marks or indented)?

Have you provided full details of the source of the quotation, according to the referencing convention used in the Field/Course?

Have you acknowledged the source of ideas not your own, even if you are not quoting directly from the source?

Have you avoided close paraphrase from sources? (Check that you are not presenting other people’s words or phrasing as if they are your own.)

If you have worked closely with others in preparing for this assessment, is the material you are presenting sufficiently your own?

If you are unsure of the way to reference properly, seek advice from a member of staff before you submit the assessment.  In submitting your work for assessment you are making a statement that it is your own work, it has not been submitted for any other assessment, and it does not infringe the ethical principles set out in the College’s Handbook.