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 … Read more
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 … Read more
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 … Read more
14/03/20211 Unit 5: Management AccountingTypes of management accounting systems1ICTM MODULE DELIVERY TEAM Week 4: Unit 5 Management AccountingLearning ObjectivesUpon completion of this lecture, you will be able to:▪Explain the behaviour of fixed and variable costs;▪Prepare a break-even chart;▪Prepare a profit volume graph;▪Explain what are the limitations of break-evenanalysis;▪Construct break-even charts and profit volumegraphs;▪Apply contribution analysis … Read more
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 … Read more
ICON COLLEGE OF TECHNOLOGY AND MANAGEMENTPearson BTEC HND in Business (RQF)Unit 5 Management AccountingAssignment BriefSession: February 2021 Programme titleTNA67 Pearson BTEC HND in BusinessUnit number and titleUnit 5Management AccountingUnit TypeCoreUnit Level and CreditValueLevel 415 CreditAssessor (s)Dr Fidelis Akanga, Dr Anthony Stevenson, Dr Posi Olatunbosun, DanSookunIssue Date8 March 2021Final assignmentsubmission deadline14-19 June 2021Late submission deadline14-19 June … Read more
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… • … Read more
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 … Read more
Assessment 1: Data AnalysisFormative date: Monday 12 April 2021, 11:59amSummative date: Monday 26 April 2021, 11:59 amAvoid some of the most common coursework mistakes by using the Fit To Submit CourseworkChecklistAssessment BriefBased on a research topic, you are required to obtain the relevant raw data. You then use MS Excel tomanipulate the data obtained and … Read more
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 … Read more
