| University | Qualifi Ltd |
|---|---|
| Subject | AF405 Management Accounting (A/650/2374) |
AF405 Assignment Brief
| Qualification | QUALIFI Level 4 Diploma in Accounting and Finance (610/0796/1) |
|---|---|
| Unit Code | AF405 |
| Unit Title | Management Accounting |
| Unit Reference | A/650/2374 |
| Credits | 20 |
| TQT | 200 |
| GLH | 120 |
Assignment Aim
The aim of the unit is for learners to develop their knowledge and skills in management accounting including the preparation of budgets, costing and the appraisal of capital expenditure.
Learning Outcomes and Assignment Criteria
| Learning Outcomes
When awarded credit for this unit, a learner will: |
Assessment Criteria
Assessment of this learning outcome will require a learner to demonstrate that they can: |
| 1. Be able to prepare budgets for an organisation. | 1.1 Explain the role of budgeting as a management tool. |
| 1.2 Prepare organisational budgets accurately and within agreed timescales. | |
| 1.3 Analyse budgets to assess organisational performance. | |
| 2. Be able to use standard costing techniques. | 2.1 Explain the purpose of standard costing. |
| 2.2 Explain ideal and attainable standards. | |
| 2.3 Calculate and interpret variances accurately. | |
| 2.4 Explain the advantages and limitations of a standard costing system. | |
| 3. Be able to use capital expenditure and appraisal techniques. | 3.1 Explain key capital expenditure appraisal techniques. |
| 3.2 Calculate payback, Accounting Rate of Return (ARR), Net Present Value (NPV) and Internal Rate of Return (IRR) accurately. | |
| 3.3 Evaluate capital expenditure proposals. | |
| 3.4 Evaluate the significance of nonfinancial factors in the appraisal of financial decisions. | |
| 4. Understand costing techniques. | 4.1 Differentiate between marginal and absorption (total) costing. |
| 4.2 Explain the features and uses of job, batch and process costing methods. | |
| 4.3 Explain the way in which service costing techniques are used. | |
| 4.4 Explain the ways in which organisations may use cost – volume – profit analysis and the reasons for doing so. | |
| 4.5 Calculate break-even points accurately. |
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