The underlying learning objectives that we are seeking students to demonstrate are that you:
• Have knowledge of good practice budget principles and can apply these principles within a work context to evaluate a chosen budget process,
• Understand key costs/revenues and be able to interpret how they ‘behave’ within a work context,
• Are able to draw on the budget process evaluation and the analysis of key costs/revenues to develop and propose recommendations for improvement,
This is an important section of this assessment and should be considered throughout your research and analysis. The assessment speccifically requires a critique and recommendations to follow from the critique. Note that recommendations must be informed judgements, decisions or insights reached by reasoning and supported by evidence. They should emerge from the key arguments and analysis. Every recommendation must be clearly traceable to the supporting arguments and its associated evidence.