You are required to:
Discuss the importance of management accounting for your selected organisation and differentiate between management accounting and financial accounting. (300 words)
Evaluate different classifications of costs (types, behaviour, function and relevance) with examples. (650 words)
Explain the meaning of variance analysis and discuss the most commonly derived variances, outlining the problems and limitations. (550 words)
Identify different operational budgets and explain the advantages of preparing different operational budgets.
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