Professional Documents
Culture Documents
Learning Outcome 1
The learner will: Know how to use financial statements to evaluate performance, and appreciate the limitations of such analysis.
The learner will: Know how to use management accounting information in the planning and control of an organisations
resources and appraise its effectiveness.
Learning Outcome 3
The learner will: Know how to critically appraise and evaluate contemporary management accounting methodology to support
the effective management and control of resources.
3.2 Use cost management 3.2.1 Appraise the relationships between lean enterprise , business excellence and value
methodology to support lean chains.
enterprise, business excellence 3.2.2 Evaluate the contribution of financial analysis to areas of world class operating e.g.
and value chain analysis. cost benefit of quality, throughput accounting, analysis of waste, value analysis of
the activity chain.
3.2.3 Undertake a resource audit of the value chain to measure effectiveness of each
element, and competitive advantage of each process.
3.3 Prepare and present strategic 3.3.1 Identify the place of management accounting in analysing response to competitors,
management accounting strategic positioning and competitive advantage.
information to analyse 3.3.2 Appraise investments in advanced technology by incorporating tangible and
investment in advanced intangible benefits.
manufacturing technology and 3.3.3 Use the balanced scorecard to support the achievement on strategy and vision.
support competitive strategy.
Learning Outcome 4
The learner will: Know how to identify and critically assess the management and performance of tangible and intangible
resources in business strategy and planning.
Learning Outcome 5
The learner will: Understand organisational objectives and alternative finance available to fund the achievement of these
objectives.
The learner will: Know how to use financial data, techniques and tools to evaluate long term capital decisions.
Learning Outcome 7
The learner will: Understand the sources and consequences of risk for organisations and know how these risks may be managed.
Assessment:
Written assignment of 3500 words, plus or minus 10% (unless otherwise stated).
All learning outcomes will be assessed.
Recommended Reading:
Please refer to the Tuition Resources section of the Members Area of the ABE website (www.abeuk.com) for the
recommended reading for this subject.