Comparison of different types of financial statements and their appropriateness for different types of business.

Task 2

For your selected organisation, use financial and management accounting techniques to explain, record and interpret financial data, financial statements and preparation of budgets. Your response should feature:

 Comparison of different types of financial statements and their appropriateness for different types of business.

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 Explanation and application of management accounting techniques to classify and calculate costs; to prepare budgets for your selected organisation. In your response, you should:  classify different types of cost

 use different costing methods for your calculations

 select appropriate budget methods for preparation of a budget 

 

 

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