Reference no: EM133247442
Scenario
Learners may use their own employment context, or that of another organisation with which they are very familiar, to base their assignment. However, in the case that they are not able to do so, please use the below scenario:
You are a Junior Management Accountant for a medium-sized enterprise (ABC Ltd.) in the manufacturing sector and, in an effort to promote understanding between different departments in the organisation, you and your colleagues have been asked by your line manager to deliver a 2000-word report on the role and function of the management accounts department, covering the management accounting systems operating in the organisation as well as the range of techniques used.
Task 1 Identify and understand the main sources of regulatory framework.
Identify the main sources of the regulatory framework.
Identify and explain on the use of accounting information.
Identify and explain on the exploitation of accounting information.
Task 2 Explain the significance and the general impact of regulatory framework on the businesses.
2.1: Identify and explain the impact of regulatory framework on businesses.
Task 3 Identify and assess accounting concepts and theories. 3.1: Identify the accounting concepts and conventions. 3.2: Assess the concepts and theories identified.
Task 4 Understand how to implement accounting calculations and information.
4.1: Identify appropriate accounting calculation and implement the computation.
Task 5 Critically evaluate and interpret the accounting information.
Interpret accounting information gathered.
Critically assess the accounting information gathered.
Task 6 Criticise on specific accounting regulations.
Identify specific accounting regulations on a chosen sector.
Critically analyse the specific accounting regulations identified.
Task 7 Identify and appraise key accounting policies and practices within corporate accounting.
7.1: Identify and evaluate key accounting practices and policies.