- Unit 2 70158R Patient Monitoring and Clinical Skills Level 4 BTEC Assignment Brief
- 603/3106/9 Level 6 NVQ Diploma in Occupational Health and Safety Practice Qualification Specification
- BTEC Level 3 UNIT 2 Communications for Engineering Technicians U2A1 Assignment Brief
- Unit L/650/1136 Level 4 Assessment Processes in Health and Social Care Settings Assignment Brief
- Unit M/6501137 Level 4 Resource Management in Health and Social Care Assignment Brief
- Finance Assignment : Infographic on the Importance and Development of Trust in Retail Finance and Benefits that Can be Attained
- M/6501119 Level 4 Principles of Health and Safety for Health Professions Assignment
- Technical Report Assignment – Maintenance Workshop Evaluation (C11b)
- HSC301 Qualifi Assignment Worksheet: An Introduction to Health and Social Care
- M/650/1119 Principles of Health and Safety for Health Professions Assignment Brief
- Data Science Project Assignment Brief: A Practical Approach to Solving Real-World Problems Using Machine Learning and Data Analysis Techniques
- CACHE Level 3 Awards in Health and Social Care – Tutor Marked Assignment 3A.
- SWK.248 Social Work Communication Techniques Assessment Essay- University of Nigeria, Nsukka
- 3CO03 Core Behaviours for people professionals Learner Assessment Brief
- PWCS 36 Understand Person-Centred Approaches in Adult Social Care Settings
- H/615/3824 Communication for Health and Social Care Assignment – Level 3 diploma in Health and Social Care
- Unit 3 Business Finance – Pearson BTEC International Level 3 Assignment Brief
- NCFE CACHE Level 3 Certificate in Health and Social Care Tutor Marked Assignment 1B
- Level 5 Certificate in Aesthetic Practice Assignment 1 – Unit AP601
- CMA5004 Level 5 Environmental and Construction Technology Design Report
Level 4 Unit 5: Management accounting is a profession that supports management decision-making, planning and performance management systems: Accounting Principles, Assignment, PCL, UK
| University | Pearson College London (PCL) |
| Subject | Level 4: Unit 5 Accounting Principles |
Unit Introduction
Management accounting is a profession that supports management decision-making, planning and performance management systems. Management accountants provide expertise in financial reporting and control to assist management in the formulation and implementation of an organisation’s strategy by providing appropriate financial information and undertaking related accounts administration.
Unit Learning Outcomes
LO1 Examine the context and purpose of accounting.
LO2 Prepare basic financial statements for unincorporated and small business organisations in accordance with accounting principles, conventions, and standards.
LO3 Interpret financial statements.
LO4 Prepare budgets for planning, control and decision-making using
spreadsheets.
Buy Answer of This Assessment & Raise Your Grades
Task A Scenario
Tesco plc has been a prominent player in the UK retail industry for decades, with operations spanning multiple countries. As one of the largest retailers in the UK and a multinational corporation, Tesco plc operates in a highly regulated environment, with stringent oversight from regulatory bodies such as the Financial Reporting Council (FRC) and the UK Government’s Department for Business, Energy & Industrial Strategy (BEIS).
Additionally, Tesco plc is committed to upholding high ethical standards in its financial reporting practices to maintain the trust and confidence of its stakeholders. In this task, you will conduct a thorough assessment of Tesco plc’s accounting function, focusing on its adherence to regulatory requirements and ethical standards.
Task B Scenario
Part 1- You are a newly hired accountant at Zee’s Accounting Firm. Your first task is to prepare financial statements for three different types of entities: a sole trader, a partnership, and a not-for-profit organisation. Each entity has provided you with a trial balance containing all their account balances for the current accounting period. Your task is to use this trial balance to prepare the necessary financial statements in accordance with accounting principles, conventions, and standards.”
Part 2- Your objective is to calculate and present relevant financial ratios to evaluate their performance. Additionally, you will compare the performance of each organisation over time by analysing financial ratios from previous periods.
Task C- Cash Budget
Scenario: You are a financial analyst at BlueSky Enterprises, a consulting firm specialising in financial management. Your task is to prepare a cash budget for an organisation and provide an in-depth discussion on the benefits and limitations of budgets and budgetary planning, as well as the importance of budgetary control for organisational success.
Are You Looking for Answer of This Assignment or Essay
Hey, UK students! Need some help with your assignments? We’ve got you covered! Whether it’s those tricky Level 4 Unit 5: Accounting Principles tasks or writing your thesis, our team is here to make things easier. We’ll guide you step by step, so you can ace your studies without stress. Let’s work together towards your academic goals and make learning a breeze!
Answer
