Evaluate the role of management accountants and accounting control systems.

Unit 15 Financial Management - Higher National Diploma in Business

Assignment - Financial Management

Learning Outcome 1: Apply different approaches used to support effective decision-making.

Learning Outcome 2: Analyse financial management principles which are used to support effective financial strategies.

Learning Outcome 3: Evaluate the role of management accountants and accounting control systems.

Learning Outcome 4: Evaluate ways in which financial decision-making supports sustainable performance.

Scenario

Task 1

You have recently established your own management accounting practice and have been invited to make a pitch` to a potential client. In your presentation, your aim is to persuade the client of the value of management accounting and management accounting techniques in informing decisions, maximising performance and helping to ensure long-term sustainable growth.

Your presentation will cover:
1. An evaluation of a range of approaches, techniques and factors which contribute to effective decision making in an organisation.

2. Stakeholder management and the management of conflicting objectives of different stakeholder groups.

3. The value of management accounting techniques in cost control and maximising shareholder value.

4. Techniques for fraud detection and prevention and the approach to ethical decision making.