Essay on Accounting Unit 7
Assessor's comments | Qualification | BTEC Level 3 Extended Diploma in Business | Assessor name | Fran Mackenzie | Unit number and title | Unit 7 Management Accounting ( J/502/5419) | Learner name | Zahra Ali | Assignment title | Tasks 1, 2 and 3 Regional Business Support Agency. Costs and Break Even | | Grading criteria | Achieved? | Comments | P1 | | | P2 | | | M1 | | | D1 | | | | General comments | | Action plan | | Assessor signature | Fran MacKenzie | Date | |
Issue date: 6th October 2014
Final hand in date SUBMISSION 1: 3rd November 2014
Student Name: Zahra Ali
I …show more content…
In this report for my P1 I will be explaining the management accounting concepts to a younger audience within the business people in the chosen areas, by providing them with useful advice on costing, how to measure business budgets/performance applications and the break even analysis. For my P2 I will be carrying out a break even analysis for a selected organisation. By using the information and data provided by the SIGNature, I will be showing all my calculation on another document and attach my word and excel documentation together.
‘’1.Describe the main cost elements that a business needs to consider, explaining what category the costs fall into.’’- Blackboard
Businesses need to consider many cost elements such as; the capital expenditure, marginal costing, break even analysis costing, revenue expenditure, fixed costs, absorptions of overheads, semi- variable costs, variable costs and semi fixed costs.