OTHER: 1.2. Explanation provided is not sufficient.Use different costing methods and explain them further.
3.2.Mentioned zero based,incremental and ABC budgeting but needs to explain further why those methods are appropriate for the organisation and its needs.
4.1.Explanation is not sufficient and variances are not properly linked with the actual results.
Moreover
-prepare and analyse routine cost reports(AC2.1)
-calculated costs using appropriate techniques(AC1.3)
-analysed cost data using appropriate techniques(AC1.4)
-prepared budgets according to the chosen budgeting method(AC3.3)
-prepared an operating statement reconciling budgeted and actual results and report findings to management in accordance with identified responsibility centres(AC4..2 & 4.3