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 this 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.
Discuss the importance of budgeting for this business scenario.
