Unit 38 Business Event Management - Level 5 Diploma in Business

Program: Diploma in Business

Unit Name: Unit 38 Business Event Management

Level: Level 5

Task 1
1.1 Classify different types of cost.
1.2 Use different types of costing methods (Define the following methods)
1.3 Calculate cost using appropriate techniques
1.4 Analyse cost data using appropriate techniques

Task 2
2.1 Prepare and analyse routine cost reports.
2.2 Use performance indicators to identify potential improvements
2.3 Suggest improvements to reduce costs, enhance value and quality

Task 3
3.1 Explain the purpose and nature of the budgeting process
3.2 Select appropriate budgeting method for the organisation and its needs
3.3 Prepare budgets according to the chosen budgeting method
3.4 Prepare a cash budget

Task 4
4.1 Calculate variances, identify possible causes and recommend corrective action
4.2 Prepare an operating statement, reconciling budgeted and actual results
4.3 Report findings to management in accordance with identified responsibility centres

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