Webinar – Accounting (Higher)

Marked candidate evidence

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Explain non-financial performance indicators of an organisation.

�ell trained staff which will means that the firm should be more profitable in future year�ttaff being motivated so that they will work harder if needed)

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tL, p��:�� Outline three duties of a management accountant.

�ne duty of the management accountant would be to prepare statements for management whicheta ii possible spendin��nother duty would be to give advice about whether to take a contract or

not. A last duty would be to prepare charts for the AGM.)

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�vise w�fL.I' in moh 0:/ \a.;Lj ��)Describe the use of weighted average (AVCO) inventory valuation.

'VCO is an average purchase s:irice which must be calculated every time goods are purchased)lt is an easy and accurale way to allocate the pric.e of raw materials for production.

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Describe two advantages and one disadvantage of the weighted averagemethod of inventory control.

One advantage of weighted average i� that it h, an easy and accurate way to allocate the price of raw materials for production. Another advantage i!. that '6

The accountant might make a mistake when they are working out the average price. ,.

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