Unit 9 Contribute to the Planning and Control of Resources
Course Summary
This unit focuses on the planning and control of resources and contains three elements:
- Prepare forecasts of income and expenditure
- Prepare draft budget proposals
- Monitor the performance of responsibility centres against budgets
The first element requires candidates to develop forecasts of demand, turnover, resources to be consumed and their cost.
The second element requires the use of forecasts to prepare draft budgets for income and expenditure. This may involve changing the initial budget to take account of information about factors that limit the operations of the organisation.
The final element relates to part of the control function in organisations. Candidates are required to compare actual performance of all or part of the organisation against what was planned. This information is then used to advise managers of possible reasons for any difference.
This unit is taught with Unit 8.
