Explain the use of planning tools used in management accounting.

Management Accounting

Purpose of this assignment:

The overall purpose of this assignment is to assess students’ understanding of the fundamentals of management accounting which apply to organisations the wider business environment. Students will explore how management accounting uses financial data to aid planning decisions, and the monitoring and control of finance within organisations.

Unit Learning Outcomes:

LO1 Demonstrate an understanding of management accounting systems

LO2 Apply a range of management accounting techniques

LO3 Explain the use of planning tools used in management accounting

LO4 Compare ways in which organisations could use managementaccounting to respond to financial problems