Supply Information for Management Control
13 September 2012
For element 4.1 students need to understand supply information and management control. Philip Dunn explores these concepts
In element 4.1 of this unit, code and extract information, performance criteria (1) reads "appropriate cost centres and elements of cost are recognised".
It is therefore important, at this level, for the trainee accounting technician, to understand some basic cost accounting concepts. In achieving this objective we will consider a number of definitions relating...