What types of operating and cost data would a desirable business computerised

What types of operating and cost data would a

This preview shows page 17 - 22 out of 22 pages.

1.What types of operating and cost data would a desirable business computerised financial system generate? Assessor Use Only: SATISFACTORY UNSATISFACTORY NOTES: 2.What legislation is involved in all policies and procedures that outline the coding, classifying and checking of data? Assessor Use Only: SATISFACTORY UNSATISFACTORY NOTES: Vibe College 16 FNSACC517 - Provide management accounting information FNS50217 DIPLOMA OF ACCOUNTING
Image of page 17
3.List three of the types of cost data you might analyse to identify cost behaviour characteristics. Assessor Use Only: SATISFACTORY UNSATISFACTORY NOTES: 4.How are costs assigned? FNS50217 DIPLOMA OF ACCOUNTING
Image of page 18
5.What will you need to do to confirm that costs are accurate and comply with organisational procedures? Assessor Use Only: SATISFACTORY UNSATISFACTORY NOTES: 6.How do most businesses analyse their performance, and what does it involve? Assessor Use Only: SATISFACTORY UNSATISFACTORY NOTES: Vibe College 18 FNSACC517 - Provide management accounting information FNS50217 DIPLOMA OF ACCOUNTING
Image of page 19
7.What personnel and sections of an organisation should you consult with to obtain information and advice from when formulating cost reports and budgets? Assessor Use Only: SATISFACTORY UNSATISFACTORY NOTES: 8.What do you need to confirm and ensure when preparing a budget? FNS50217 DIPLOMA OF ACCOUNTING
Image of page 20
9.Why is it essential to calculate and analyse variances against the budget? Assessor Use Only: SATISFACTORY UNSATISFACTORY NOTES: 10. What need to be confirmed about reports provided about monitoring budget performance? NOTES: 11. What is variance analysis used for? FNS50217 DIPLOMA OF ACCOUNTING
Image of page 21
Assessor Use Only: SATISFACTORY UNSATISFACTORY NOTES: Vibe College 21 FNSACC517 - Provide management accounting information FNS50217 DIPLOMA OF ACCOUNTING
Image of page 22

You've reached the end of your free preview.

Want to read all 22 pages?

  • Three '17

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture