24/02/20201LO4: Strategic ManagementAccounting: Balanced ScorecardDr Fidelis AkangaLearning outcomesBy the end of this unit Explain what strategic management is andhow it can be used to help a firm create acompetitive advantage. Explain what Balance Scorecard is and howit relates to organisations24/02/20202Strategic Management Accounting CIMA (2005) defines SMA as:“A form of management accounting in whichemphasis is placed…

24/02/20201LO1&2: Inventory ValuationMethodsDr Fidelis AkangaLearning outcomesBy the end of this unit Explain process Costing Calculate & explain the treatment of normaland abnormal losses Distinguish between first in, first out (FIFO),last in, last out (LIFO), and average costmethods of stores pricing24/02/20202Process Costing Costing method used company is involved in massproduction through a sequence of severalprocesses. Cost…

24/02/20201LO2&3: BudgetingDr Fidelis AkangaLearning outcomesBy the end of this unit Explain the purpose and nature of abudgeting system Explain how budgeting is used for planningand control Understand the different types of budgets Explain the benefits of budget Prepare different budgets and explain howthey lead to the master budget24/02/20202Definition and Role of Budgets A budget is…

Bailey plc commenced business on 1 March making one product only, the standard cost ofwhich is as follows:Thefixed production overhead figure has been calculated on the basis of a budgeted normaloutput of 36,000 units per annum. The actual fixed production overhead incurred in Marchand April was £15,000 each month.Selling, distribution and administration expenses are: Fixed£10,000…

24/02/20201LO2 &4: Activity Based Costing(ABC)Dr Fidelis AkangaLearning ObjectivesBy the end of this unit Explain the difference between ABC and TraditionalCosting System Explain why Traditional Costing systems can providemisleading information for decision-making Identify and explain EACH of the four stagesinvolved in designing ABC systems; Demonstrate how ABM can be developed from ABC24/02/20202Determining Costing per unit… •…

MANAGEMENT ACCOUNTING INTRODUCTION Introduction – First, give an overview of the assignment and discuss how you intend to achieve the learning outcomes. Second, give a brief background of your chosen organisation in terms of products/services, brief history, key competitors, key stakeholders etc.  LO1: Demonstrate an understanding of management accounting systems give a good definition of…

Business to Business Marketing (BMA605) marking criteria – Assessment 1 (case study) CriterionHigh Distinction (80%-100%)Distinction (70%-79%)Credit (60%-69%)Pass (50%-59%)Fail (0%-49%)  Completeness of answers in terms of highlighting and describing/identifying the major issues raised by the B2B marketing case (20%)  Answers are complete in all respects and are strongly linked with the major B2B marketing issues raised…