Description
The task is to complete a report which is used to evaluate your own performance with regards to budgeting.
The report will include;
A) Discuss the importance of budgeting for a business scenario.
B) Prepare an operating budget for the next 12 months
C) Discuss how the business should assess the performance.
Learning Outcomes Assessed:
LO2 Analyse the management accounting techniques related to a range of business situations and managerial decision making.
LO3 Prepare a budget to reflect a given business scenario.
LO4 Demonstrate the ability to assess the financial and non-financial aspects of divisional and organisational performance.
