Types of planning tools used for budgetary control
(P3) From the download AirAsia X Berhad Annual report, calculate costs using appropriate techniques of cost analysis to prepare an income statement using marginal and absorption costs.
(P4) Explain the purpose and nature of the budgeting process, and be able to identify the advantages and disadvantages of different types of planning tools used for budgetary control.
(P5) Explain the concept of financial governance, and how this can be used to pre-empt or prevent financial problems for AirAsia X Berhad. In general, identify possible cause of favourable and unfavourable variances and recommend corrective action.
Obtain the latest copy of the Annual Report of your selected company and the other financial information to prepare a report about the company. Your review and report should cover the last consecutive financial years.