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BTEC lvl 3 unit 7 Management Accounting help
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pinoaisai
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#1
Hi all,
I really need help with one of my unit 7 assignments as i haven't been
to college for 2 months now due to illness. This one is really making my head spin and i've no idea how to approach it, the unit's not even in my textbook so no help from there. Could you please give me some advice on how to do this ??
So P3:
"Describe how an organisation’s previous years’ data on sales income and costs can be used initially to monitor current business performance and assess its relative success based on current data. You will also need to explain how historical data can be used to detect trends, through the use of moving averages and appropriate indices. You should add some explanation of the use of this statistical information in forecasting future trends and business performance.
You should include in your report a calculated example of a forecast for sales or costs based on an appropriate price index where the trend is calculated and applied to a set of historical data including the calculation of moving average and applying the trend to forecast figures"
I really need help with one of my unit 7 assignments as i haven't been
to college for 2 months now due to illness. This one is really making my head spin and i've no idea how to approach it, the unit's not even in my textbook so no help from there. Could you please give me some advice on how to do this ??
So P3:
"Describe how an organisation’s previous years’ data on sales income and costs can be used initially to monitor current business performance and assess its relative success based on current data. You will also need to explain how historical data can be used to detect trends, through the use of moving averages and appropriate indices. You should add some explanation of the use of this statistical information in forecasting future trends and business performance.
You should include in your report a calculated example of a forecast for sales or costs based on an appropriate price index where the trend is calculated and applied to a set of historical data including the calculation of moving average and applying the trend to forecast figures"
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blogbyreviews
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#2
Is there no book for it? I need the book for it and i can't find one anywhere. argghhh
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