Unit 5 Management Accounting - Level 4

Unit 5 Management Accounting - Level 4 (Diploma in Business)

Unit Code: H/508/0489

Task 2

2.1 Prepare and analyses routine costs report by carrying out a variance analysis for ABC Ltd.

2.2 Use performance indicators to identify potential improvements for ABC Ltd.

2.3 Suggest improvements to reduce costs; enhance value and quality to the ABC Ltd management accounting information.

Task 4

4.1 Calculate variances for month 2, 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 centers

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