1.Identify and explain budgetary control and list the five key principles of budgetary control.

2.Describe the concept of forecasting and two forecasting techniques.

3.Outline the principles of validity and reliability in relation to statistical analysis.

4.Outline the key principles of descriptive statistics and inferential statistics methods.

5.Outline variance analysis and why it is performed.

6.Outline four measures that can be used to describe the amount of variance in a set of data.

7.Describe four key areas that should be addressed in financial administration policies and procedures.

8.Describe three key features of financial administration policy and procedures that will ensure that effective financial mechanisms are in place.