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Critically appraise the means to initiate and use standard costing, budgeting techniques and methods

Learning outcomes assessed: 1. Critically appraise the means to initiate and use standard costing, budgeting techniques and methods, and control of business risks and uncertainty within the modern organization. 2. Critically interpret specialist cost and management accounting techniques to analysing, managing costs and making business decisions. 3. Critically synthesise the skills to make short term resource allocation decisions.

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