LO3 Explain the use of planning tools used in management accounting
LO4: Compare ways in which organisations could use management accounting to respond to financial problems
LO3 Explain the use of planning tools used in management accounting LO4: Compare ways in which...
LO3 Explain the use of planning tools used in management accounting 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. D3 Evaluate how planning tools for accounting respond appropriately to solving financial problems to lead organisations to sustainable success.
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.
Planning and Control- Budgeting Management and cost accounting requires the accumulation of costs for a number of different purposes, i.e. stock valuation and profit measurement, decision making and planning and control. The budgeting process has been traditionally used to plan an organisations’ activities into the future. A budget can be described as an approved financial plan, reflecting expectations for a defined, future period of time. Budgets also serve an as important framework for performance evaluation and control by holding individuals...
CoP and Knowledge Management Tools Communities of Practices (CoP) play a critical role in solving issues. The Association and Public Health Laboratories is just one example of the achievements accomplished from the sharing of data, information, and knowledge through CoP. Tasks: Online Library or the Internet, research about CoP and their standards. Based on your research on a current Public Health issue and understanding, respond to the following: Define and describe CoP. Describe and explain the benefits with regards to...
Explain the different ways in which accounting can be used to support environmental and sustainability concerns. Take care to illustrate you answer by reference to at least one relevant example (from the press, lecture discussions guest lecture etc.)
Explain the different ways in which accounting can be used to support environmental and sustainability concerns. Take care to illustrate you answer by reference to at least one relevant example (from the press, lecture discussions guest lecture etc.)
Discuss the pros and cons of project management software. When should project management tools be used? For which tasks should a PM not use any software tools? Is project management software truly beneficial to PMs, or does it tend to misdirect them?
Which of these subjects do you like best and explain why: management accounting, financial accounting, auditing, nonprofit/government and tax?
"Management accounting deals only with costs. Do you agree? Explain. O A. Yes Management accounting only measures, analyzes and reports financial and nonfinancial information relating to the costs of acquiring or using in an organization OB. No Management accounting only analyzes the manufacturing of products for customers in order to assess product and customer profitability O C. No Management accounting does not use cost information, it only records financial activities of the company in accordance with GAAP OD. No. Management...
What managerial accounting tools could be used by Giant Eagle to evaluate whether it should put refrigerator doors in its dairy section? Giant Eagle is a grocery store chain with stores located in Indiana, Maryland, Ohio, Pennsylvania, and West Virginia. The company installed refrigerator doors on the dairy section in many of its stores. Previously, the dairy section was refrigerated but had no doors. The refrigerator doors will reportedly use 78% less energy than the amount of energy used when there...