Managing Accounting

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Table of Contents
Introduction 3
Task 1 3
Assessment criteria 1.1 3
Assessment criteria 1.2 4
Assessment criteria 1.3 4
Assessment criteria 1.4 6
Assessment criteria 1.4 7
Section 2 8
Assessment criteria 2.1 8
Assessment criteria 2.2 8
Assessment criteria 2.3 10
Section 3 11
Assessment criteria 3.1 11
Assessment criteria 3.2 13
Assessment criteria 3.4 15
Zero-based budgeting 16
Top-down budgeting 16
Bottom-up budgeting 16
Activity-Based Budgeting 16
Section 4 18
Assessment criteria 4.1 18
Assessment criteria 4.2 21
Conclusion 22
Bibliography 23

Introduction
Financial management is the efficient as well as effective management of the funds in a motive of accomplishing the goals and the objectives an organization. It comprises of how to rise capital and how to allocate for instance through budgeting. This does not only cater for the long term budget but also the allocation of funds in the short term. In our discussion we are going to focus on various issues such the various methods used in costing, the budgeting formation and formation process, and the different types of budgeting. The attainment of coordination will also be factored since it is key to the success of a business.
Task 1
Assessment criteria 1.1
a. Identify and explain the various ways by which cost can be classified discussion the value of costs classification including any weaknesses in your argument
In the world of business there are a range of costing methods are actually used by the enterprises in evaluation and the analyzing the cost of production when contrasted with the value of other substitutes. In executing the cost, two principle methods are used. Cost analyses deals with procedure of costing and the job costing order, deals with relationship of expenses incurred in