Explain the advantages and disadvantages of different types of planning tools used for budgetary control (P4) – Essaylink

ASSIGNMENT SUBMISSION FORM

 

This sheet must be submitted with your assignment. Failure to complete, sign and submit this form will result in a mark of ‘0’ for the assignment.

Student Name

Student ID

Assessor Name

Qualification

Unit Number & Unit Title

Assignment Title

Date of Submission

By submitting this form and signing below, I declare that:

• I am the author of this assignment and that any assistance I received in its preparation is fully disclosed and acknowledged in this assignment
• I also certify that this assignment was prepared by me specifically for this course
• I certify that I have taken all reasonable precautions to make sure that my work has not been copied by other students
• I confirm that I have understood the College’s regulations on plagiarism
• I confirm that research resources are fully acknowledged

Signature: ……………… ……………………… Date: ………………………………

Table of Contents

Task 1

1.0 Management Accounting Systems (P1,M1 and D1)

(You need to copy your PowerPoint presentation slides. Make sure below each slide write you speaker notes. Ensure that the speaker notes are well detailed to meet the assessment criteria)

2.0 Cost calculations and preparation of income statement (P3)

(Make accurate calculation as shown bnelow)

Unit cost: Marginal Costing Method

Unit cost: Absorption Costing Method

Analysis of the unit costs

Income Statement: Marginal Costing Method

Income Statement: Absorption Costing Method

Analysis of the profits

2.1 Application of management accounting techniques: Variances and BEP (M2)

(You are required to calculate the following variances and BEP)

i) Material Price Variance

ii) Material Usage Variance

iii) Labour Rate Variance

iv) Labour Efficiency Variance

Analysis of Variances

v) BEP in units

Analysis of the BEP

3.0 Explanation of the advantages and disadvantages of different types of planning tools used for budgetary control (P4)

What is budgetary control?

Advantages of budgets as a budgetary control tool

Disadvantages of budgets as a budgetary control tool

Advantages of variance analysis as a budgetary control tool

Disadvantages of Variance Analysis as a budgetary control tool

Advantages of Responsibility Centres (responsibility accounting) as a budgetary control tool

Disadvantages of Responsibility Centres (responsibility accounting) as a budgetary control tool

3.1 Analysis of the use of planning tools and their application for preparing and forecasting budgets (M3).

(You are required to examine how the planning tools in 3.1 above can be used to prepare and forecast budgets).

4.0 An evaluation of how organisations are adapting management accounting systems to respond to financial problems (P5)

(You are required evaluate/assess how organisations are using management accounting systems to respond to financial problems. You are required to identify some of the financial problems which organisations face and explain how they can be solved using management accounting systems)

4.1 An analyse how, in responding to financial problems, management accounting can lead organisations to sustainable success (M4)

(You are required to examine by giving examples how the solving of financial problems through management accounting can lead organisations to sustainable success).

 

 

 

 

 

 

 

 

4.2 An evaluation of how the use of management accounting planning tools can solve financial problems to lead organisations to sustainable success (D3)

References

 

The post Explain the advantages and disadvantages of different types of planning tools used for budgetary control (P4) appeared first on Best Custom Essay Writing Services | EssayBureau.com.