Management accounting information

Steps to follow:

Describe

• Explain why you have selected the concepts (why the concept interests you?)

Interpret

• Indicate a practical situation (either you know, or you have knowledge) where the concept can be applied
• Apply the above identified concept

Evaluate:

• evaluate practical reflections of the concept in the organisation
• do you think these concepts are applied differently in different organisations, why?

Apply

• Generate discussion how and why these can be applied