UNIT 14: ADVANCED MANAGEMENT  
                                                                ACCOUNTING 
                     •   Learning Outcome 4:  Evaluate how a changing business 
                         environment impacts on management accounting. 
         THE BASIC SYLLABUS
    1 Analyse the purpose for developing and presenting 
    financial information. 
    2 Evaluate the use of management accounting 
    techniques to support organisational performance. 
    3 Analyse actual and standard costs to control and 
    correct variances. 
    4 Evaluate how a changing business environment 
    impacts on management accounting. 
                     LEARNING OUTCOMES
         LO 4:Evaluate how a changing business environment 
         impacts on management accounting. 
         . 
         P5: Evaluate how external and internal factors changing the business environment impact upon 
         management accounting 
             OVERVIEW
    Business environment is the sum total of all external 
    and internal factors that influence a business. You 
    should keep in mind that external factors and 
    internal factors can influence each other and work 
    together to affect a business. Additionally, some 
    external factors are beyond your control. These 
    factors are often called external constraints. 
     INTERNAL  BUSINESS ENVIRONMENT
    An organization's internal environment is composed 
    of the elements within the organization, including 
    current employees, management, and especially 
    corporate culture, which defines employee behavior. 
    Although some elements affect the organization as a 
    whole, others affect only the manager.