Applied Management AccountingThis unit is about the budgeting and decision making process within an organisation. It focuses on the three fundamental areas of management accounting: planning, control and decision making. Applied Management Accounting is a mandatory unit. Learning outcomes: Understand and implement the organisational planning process Use internal processes to enhance operational control Use techniques to aid short term and long term decision making Analyse and

The approach relates the work and contribution of the accountant to situations that are characterised by high levels of ambiguity

and your ability to apply this knowledge to practical scenarios and situations

and submitting Value Added Tax (VAT) returns to HM Revenue and Customs (HMRC)

Understand how information is used to assess credit risk and grant credit in compliance with organisational policies and procedures

I Employability and technology skills

F1 introduces the regulations which ensure that basic financial statements of different entities are comparable and present fairly the performance

C Quality management and practice management

D Decision Making

Evaluate procedures for obtaining sufficient and appropriate evidence

Syllabus areas:

Prepare cash budgets and monitor cash flows

Describe the principal differences between IFRS® Standards and UK GAAP and prepare simple extracts from financial statements in accordance with UK GAAP